No one likes seeing a name they hold decline in value.
Stay focused on sectors and rotational action if you want to navigate the action.
This market is not nearly as strong as it looks.
There is some very ugly action under the surface.
Charts look vulnerable for the cannabis name as earnings disappoint.
A look at STZ after its latest earnings report.
I'm currently heavily invested in several stocks that are drifting around as I'm quite confident that the eventual catalysts will come.
Here's what I would do now.
There is plenty of upside for a trade, but I think MSOS is a long-term buy and hold as well.
New York became the 16th state to legalize adult use cannabis.
The fundamental story and the technical story are not on the same page.
The big cap technology names are doing much better.
There have been rotations on a daily basis and it has created several bull traps just when it looked like momentum was growing.
We are seeing better trading action as the day continues, and I'm looking to put more cash to work.
Traders have to move very quickly to stay ahead of the game.
More competition at lower prices will make it harder to be profitable.
There is so much going on right now that it is overwhelming.
The key is that the market consolidates for a while before it attempts another thrust to the upside.
The key here is bonds.
It feels like these companies are casting a wide net, but it makes sense to file at the beginning of this mushroom mania.
Let's review the charts and indicators.
Cannabis names are starting to light up.
Sol Global and MMCap are fighting in court over who owns or owes what of the company's shares.
The good news is that this action is what is needed for much better opportunities in the future.
Their initial research includes three rated companies.
As all eyes are on Churchill Capital IV and Lucid Motors, let's broaden our focus to these other names -- especially those in the commercial electric vehicle sector.
I believe that the corrective action of the last couple of days should be a platform for some good technical action.
Small-caps have underperformed the last few days but that's to be expected after the run they've had.
Pockets of speculative action keep shifting as the market undergoes some much-need corrective action.
Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.