Do You Have Control Of Your Emotions?

Posted on by The INO.com Team

The current market conditions can undoubtedly play with your emotions. After a long bull run, it was easy just to sit back and let your trades run and book profits, but that's all changed recently. We are now in a market that is making significant violent swings from day to day, and that can cause a bit of trepidation and doubt, but of all the "tools" available to the trader, none is more important than his or her mind!

A lack of mental discipline can lead to significant losses in the marketplace and your portfolio. Why else would traders with years of experience and reliable systems fail to be consistent winners?

If you show an 8-year-old child a chart and they will tell you if a market is going up or down by simple observation. 80% or 90% of all traders end up as losers. The market doesn't beat you; you beat yourself! You are your own worst enemy! Continue reading "Do You Have Control Of Your Emotions?" →

Cannabis Testing Company Sales Jump 438%

Posted on by The INO.com Team

Analysis originally distributed on March 21, 2018 By: Michael Vodicka of Cannabis Stock Trades

Cannabis testing services is a high-growth cannabis sub-industry.

According to data from cannabis industry media company, High Times, the cannabis lab testing industry was valued at $866MM in 2016.

With more countries legalizing cannabis, demand for testing is expected to soar, with the cannabis testing industry expected to grow to $1.4 billion by 2021.

Today - I am going to reveal a little-known cannabis company cashing in big time from this high-growth sub-industry.

  • Sales were up 438% in 12 months.
  • It continues to expand in high-growth California.
  • Shares are trading almost 50% below the 52-week high.

Evio Labs (OTC:EVIO) is a promising young cannabis company headquartered in Oregon with a market cap of $18MM.

I see a lot of growth potential for Evio. Continue reading "Cannabis Testing Company Sales Jump 438%" →

Easing Trade Tensions Move Stocks Higher

Posted on by The INO.com Team

Hello traders everywhere. After all of the tough talk on tariffs and looming trade war, it seems that China and the U.S. both agree that they need to work together. The news came out today that the two countries are in fact negotiating behind closed doors despite the shouting match in the media.

All three indexes are on the rise today after having a disastrous close to last week with the DOW leading the charge erasing Friday's losses and trading 500+ points higher.

Easing Trade Tensions

Facebook Inc. (FB) continues to come under pressure after the Federal Trade Commission said it has an open, non-public investigation into the company's privacy practices. It hit a session low of 149.02 in early trading and remains down 3% on the heavy trading volume.

Bitcoin continues to come under pressure and is trading back below 8,000 and looking to test the low set in early February of 6,801.47. However, bitcoin ETFs have gotten a vote of confidence from the CBOE. In a letter to the SEC, the CBOE said that "As the volumes continue to grow, especially on regulated U.S. markets, the overall spot bitcoin market looks more and more like a traditional commodity market and CBOE continues to believe that the spot market is sufficiently liquid to support a bitcoin ETP."

Key Levels To Watch This Week:

Continue reading "Easing Trade Tensions Move Stocks Higher" →

The Powell Era Begins

Posted on by George Yacik

George Yacik - INO.com Contributor - Fed & Interest Rates - Powell


New Federal Reserve chair Jerome Powell had all kinds of excuses not to raise interest rates at last week’s FOMC meeting:

  • The yield on the 10-year Treasury note was trading close to its highest point in more than four years and dangerously close to breaking the 3% barrier.
  • Stocks have fallen well off their highs, and investors are nervous about the prospects of a potential trade war between the U.S. and its biggest trading partners, particularly China and Canada.
  • The threat of that trade war has influenced some economic forecasters to lower their GDP growth forecasts for the first quarter to below 2%, which would be the lowest level since President Trump took office.
  • The turmoil in the Trump Administration, with cabinet secretaries and other senior officials jumping ship or being pushed overboard, doesn’t help calm the waters.

Yet Powell and the seven other voting members of the Federal Open Market Committee saw fit to raise the federal funds rate by a quarter percentage point to a range between 1.5% and 1.75%. Not only that, but the FOMC stuck to its guns and indicated a steady diet of rate increases over the next three years, pushing rates closer and closer back to what used to be normal before the global financial crisis. After three rate increases this year, three more are likely next year followed by two more in 2020, which would boost the fed funds rates to a range of 3.25% and 3.5%.

And yet the world didn’t end. In fact, the yields on Treasury securities actually fell after the meeting ended on Wednesday afternoon. The 10-year note, the bond market’s long-term benchmark, trading just below 2.90% on Tuesday, fell five basis points after the meeting to 2.85%. The yield on the two-year note, which is more sensitive to interest rate changes, dropped seven bps after the meeting. Continue reading "The Powell Era Begins" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.27 an ounce while currently trading at 16.60 up about 33 cents for the trading week still stuck in a six week consolidation as prices continue to flip-flop on a daily basis. I am not involved in silver at this time, but I'm looking at a bullish position if prices break 16.89 as the chart structure is solid, therefore, the risk/reward would be in your favor. Volatility has started to increase this week as prices reacted positively off of the Federal Reserve announcement on interest rates earlier in the trading week. Silver prices are trading above their 20-day but still below their 100-day moving average which stands at 16.78 as that is also acting as resistance so be patient and wait for the breakout to occur. The U.S. dollar continues to trade in a sideways manner over the last several months and is lending very little support to silver. I think the Trump tariffs are pushing up the precious metals at this time as they are used as a flight to quality and if you have read any of my previous blogs you understand that I think historically speaking silver is very cheap. I do think prices are in a bottoming pattern with major support at the $16 level.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →