Sunday, March 12, 2023
Financials Take The Market Lower
Below is a 60 minute chart of the financial etf symbol XLF and in the panel below that is a relative strength line which is simply the stock price divided by the S&P500 (SPY). As you can seen the RS line was already beginning to weaken just prior to the large down move. The RS line broke low before price did which was a sign of weakness. Wait for a rally and look for signs of relative weakness to get involved on the short side.
MRMD: Is This Cannabis Stock About to Ignite?
There is another cannabis stock that has recently caught my attention, and that stock is MariMed (MRMD). While it may not be one of the mor...
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The monthly chart of SAVA highlights the critical importance of the $11.50 level for this stock. From 2014 to 2016, this level acted as a s... -
Today was a perfect case study in how markets trade expectations , not outcomes, especially in cannabis. Coming into the session, cannabis... -
Above is a chart of MSOS Institutional ownership. What's worth talking about is that institutional participation in MSOS has materiall...
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