Hello MarketClub members everywhere. The indexes are trading in a narrow range as the shortened trading week comes to an end and the big banks kicked off earnings season. The Dow is down 85 points, the S&P 500 and NASDAQ are little changed on the day.
Risk-off trades have been all the rage this week, with gold, Treasury's and the Japanese yen all tracking for gains.
Key levels to watch this week: Continue reading "Stocks Waver As Earnings Season Kicks Off"
Analysis originally distributed on April 5, 2017 By: Michael Vodicka of Cannabis Stock Trades
The year is 1848. Hundreds of thousands of ambitious Americans are heading west to cash in on the California gold rush.
Some of these early speculators became rich. But many went bust.
Through it all, the businesses that ended up scoring the biggest profits were the ones selling picks and shovels to the miners.
This slice of U.S. history gave birth to the modern investment strategy know as the “pick and shovel play.”
A pick and shovel play means investing in companies that sell supplies and equipment to an entire industry.
For example, tractor maker Deere & Co. (NYSE:DE) is a pick and shovel play on the global agriculture industry.
Pick and shovel plays happen all across the economy.
Including the cannabis industry. Continue reading "This Cannabis "Pick and Shovel Play" Grew Revenue 130% In 2016"
Hello MarketClub members everywhere. As the geopolitics risks rise around the globe traders are heading for the traditional safe havens of gold and the yen. Both have rallied to five-month highs while Treasury note yields approached the lowest levels of the year.
Meanwhile the dollar has softened and oil has extended its winning streak to five days.
Key levels to watch this week: Continue reading "Geopolitical Risks Push Gold Higher"
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.
Crude oil futures in the May contract settled last Friday at 50.60 a barrel while currently trading at 52.10 up about $1.50 for the trading week spiking higher in today's action due to the bombing in the country of Syria sending the precious metals and energies higher. Syria is not a major player in oil as I had witnessed this before in 2013 as prices rallied sharply off of Syria using chemical weapons on their own people only then to sell off sharply in the weeks ahead, so I'm not convinced about this rally as I'm currently sitting on the sidelines. The chart structure in crude oil is poor at present as prices are at a 4 week high while trading above their 20 and 100-day moving average telling you the short-term trend is higher. However, the risk/reward is not in your favor so that I will look at other markets with a better monetary scenario. Crude oil prices have rallied about $5 over the last 2 weeks as this market really has gone nowhere over the last 6 months as oversupply issues continue to keep prices at bay.
TREND: HIGHER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery"
Hello MarketClub members everywhere. The markets are flat heading into the close of trading today. The cause? The U.S. economy added 98,000 jobs last month vs. the expected gain of 180,000. Wage growth was not as strong either, with average hourly earnings up by 2.7 percent on an annualized basis. However, the unemployment rate fell to 4.5% from 4.7%.
Futures and Treasury yields slipped after the jobs report was released, with the 10-year note yield briefly dipping below 2.3 percent to hit its lowest level since late November.
Key levels to watch this week: Continue reading "Mixed Employment Report Befuddles The Market"
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