Profit Taking And A Pivot Is The Preferred Path Higher

Profit Taking And A Pivot Is The Preferred Path Higher

Markets are rallying after traveling down the road and flirting with disaster (a little 80’s southern rock reference) at 10,250. We thought the NASDAQ was poised to head higher but expected a little more of a fight from sellers as...
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Up Is Down And Bad Is Good – Say What?

Up Is Down And Bad Is Good – Say What?

The indecision continues to bother me. Wall Street isn’t sure what to do. Last Wednesday, the NASDAQ zoomed from the bottom of its technical trading box to the top. Strong volume accompanied the power move, giving the appearance of strength....
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Full Name Trouble For Stocks

Full Name Trouble For Stocks

If not for a late afternoon rally, the NASDAQ would have been in full name technical trouble. What’s full name trouble? I don’t know about you, but when I was a kid, heat was coming when mom went, “Richard” get...
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How Do You Spell September? U-G-L-Y

How Do You Spell September? U-G-L-Y

September is historically the worst performing month for stocks by a wide margin. (1) And it’s not looking good for this September either. The NASDAQ barreled through support at the 50-day moving average like a bull through a bullfighter’s red...
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The Dead Cat Is Done Bouncing

The Dead Cat Is Done Bouncing

It’s over! The rally that knocked the stock market’s rebound out of a bear market is officially done. The NASDAQ crashed last Friday after Jerome Powell and company put investors on notice that interest rates are going higher until inflation...
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Amazon Presses On U.S. Government To Legalize Marijuana

Amazon Presses On U.S. Government To Legalize Marijuana

Amazon Inc (NASDAQ:AMZN) has urged the U.S. government to legalize marijuana, as the e-commerce giant is prompting Congress to pass a federal law to decriminalize its use. With this, the company intends to ease the employee screening process amid the labor s...
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Sundial Growers Stock Looks As If It May Be Coming To Life Before Too Long

Sundial Growers Stock Looks As If It May Be Coming To Life Before Too Long

Don’t give up on SNDL stock following its recent earnings report Sundial Growers (NASDAQ:SNDL) stock has been an inexplicably popular cannabis play all year long. By now, it’s well-known that the at-one-point nearly bankrupt cannabis producer enjoyed ...
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Cannabis Producer Flower One Reports 53% Revenue Growth

Cannabis Producer Flower One Reports 53% Revenue Growth

Flower One Holdings Inc (OTCMKTS:FLOOF) achieved total revenue of $13.9 million in the first quarter of 2021, which represents a 53% increase over $8.8 million reported in the first quarter last year. This is mainly due to higher revenues and...
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A Major Step In Federal Cannabis Legalization Said To Come This Week

A Major Step In Federal Cannabis Legalization Said To Come This Week

Citing multiple sources, Marijuana Moment reports that a federal cannabis legalization bill will likely make another appearance in the House of Representatives this week. The blog said that House Judiciary Committee Chairman Jerrold Nadler of New York is p...
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