Silver Monthly: Exotic Pattern

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


It’s always such luck to find something when you really need it. I didn’t update the monthly chart for silver from July as we need to give time to the market for visible changes. I am very thankful to regular readers who comment on my posts and doing so; they give me a feedback with a clue of what you really need or what is your biggest concern. Last week one of the readers asked why I put short term setups with a bullish view. I answered that as long as the market broke above the medium-term downtrend, we can watch the upside. Today I would like to update the monthly chart as it is always better to see once than to read/hear about it many times.

This time I changed the usual order of charts. I would like to start from what we all didn’t see. The exotic pattern was detected, and I am glad to share it with you below. Continue reading "Silver Monthly: Exotic Pattern" →

3 Energy Stocks That Are Good To Go

Posted on by The INO.com Team

Hello MarketClub members everywhere. Well, it looks like we will all be paying higher prices at the pump over the holiday season. On 22 November, a weekly Trade Triangle kicked in on February crude oil (NYMEX:CL.G17.E) $49.96 indicating that prices were headed higher. This morning crude oil is trading at $54.60 and appears to be headed to the $60 range in the near term.

MarketClub's Mid-day Market Report

Technically speaking after hitting a low of around $36 a barrel in early January 2016 this commodity has seen a remarkable comeback. Energy is an essential element in the economy not just for industries but also for consumers. However, we are still half the price we were just a few years ago and that is a good thing. In today's video, I will be analyzing crude oil and show you exactly where I think this market can go in the near-term and the long-term. Continue reading "3 Energy Stocks That Are Good To Go" →

Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday

Posted on by The INO.com Team

Analysis originally distributed on November 30, 2016 By: Michael Vodicka of Cannabis Stock Trades

While Cyber Monday and Black Friday did deliver solid sales growth, the cannabis industry was on a totally different level.

Joe Milton is the CEO of Baker, a cannabis industry software platform that connects dispensaries and customers with ordering systems, loyalty programs and message services. Baker operates in 175 dispensaries in seven U.S. states and Ontario.

In an interview with online publisher Westword, Milton reported huge sales gains across its network of users over the holidays.

From “Dispensaries Break Online Sales Records on Cyber Monday After a Very Green Friday” via Westword.

“Cyber Monday sales were up 70% from a ‘regular day’ while the average ticket price was up 230%.

According to Baker’s data, online orders went up 77 percent last week, when customers were using Baker’s loyalty program 65 percent more than they had in the previous two months.

On Black Friday, dispensaries across the state experienced almost twice the volume of a normal day.

Weed Wednesday saw 55 percent more orders than on a typical day and a 25 percent increase in the size of purchases, Milton notes. Baker also spotted a spike in concentrate sales.”

The spike in holiday sales is good news for the cannabis industry. Continue reading "Weed Wednesday Sales Growth Crushed Black Friday and Cyber Monday" →

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.

Gold Futures

Gold futures in the February contract settled last Friday at 1,177 while currently trading at 1,162 an ounce down about $15 for the trading week after hitting a 10 month low on December 5th at 1,158. However, the trend remains bearish as I think this is just a kickback from oversold conditions. Gold prices are still trading below their 20 and 100 day moving average telling you that the short-term trend is lower as bearish fundamentals continue to send money out of this commodity as higher interest rates here in the United States and a strong U.S dollar continue to keep a lid and put pressure on this market here in the short-term. I am sitting on the sidelines in this market as the chart structure has been very poor for several months as prices collapsed right after the Trump election and have not looked back as I'm currently looking at a possible bullish position in silver, but gold still looks to have another leg down in my opinion. At present, I'm also recommending a bullish position in the S&P 500 as it seems to me the higher the equity market goes the lower the gold market goes as I think that trend will continue for the rest of the holiday season which still has 3 weeks left. Continue reading "Weekly Futures Recap With Mike Seery" →

Up Up And Away

Posted on by The INO.com Team

Hello MarketClub members everywhere. The euphoria over Donald Trump's success continues to fuel the equity markets. Certainly, the 20,000 level on the DOW (INDEX:DJI) is no longer a dream but more than likely a reality. So just how high can these markets go that's the billion dollar question?

MarketClub's Mid-day Market Report

One thing I've learned in trading over the years is you don't stand in front of a freight train coming at you, and that's exactly what this market is at the moment. However, speeding railcars sometimes get derailed and can cause serious crashes.

Last week I warned about how December can be a very difficult month. As this month progresses, volume is going to continue to wane creating vacuums in the marketplace. I expect as we get closer to the 20,000 mark volatility will be exacerbated because of the lack of liquidity as many traders will be out enjoying time with family and friends over the year-end holiday season. Continue reading "Up Up And Away" →