The Cannabis ETF (MJ -4%) is trading at at six-month low as investor hype around cannabis stocks has faded.
In a somewhat predictable sell-the-news reaction, the MJ ETF peaked when recreational cannabis went into effect last Fall after staging a massive run leading up to the highly anticipated event.
Since then, the onus has been on companies to deliver. Most of...
Not a whole lot of technical stuff here, ascending wedge is tightening on price range for the Nasdaq100 Futures chart. Which would suggest a breakdown incoming. NDX being a tech sector barometer, has fared better than the SPX and DJI in the recent volatility whipsawing, if it makes lower lows we could see some issues with the rest.
Whether this means that this...
Despite the what I consider a pump, oil will close the gap that occurred due to headlines and move lower. Right now it is a very attractive entry point for shorts. I added to my position @ $49.7