|Day Low/High||25.10 / 26.93|
|52 Wk Low/High||11.60 / 39.11|
The main names that I'm focused on are leveraged to growth in the U.S.
There is not much choice but to stay patient and cautious.
The best momentum on my screens right now are the U.S. cannabis plays that are referred to as Multi-State Operators.
The data estimates that the U.S. cannabis market will reach $28 billion in sales by 2022.
No one likes seeing a name they hold decline in value.
New York became the 16th state to legalize adult use cannabis.
So far today, aggressive stock picking is looking like a possibility.
The biggest problem for stock pickers is that there still aren't any good themes.
We are seeing better trading action as the day continues, and I'm looking to put more cash to work.
The longer this continues, the more anxiety there will be about being underinvested.
Much of the cannabis money is rotating back into bitcoin plays.
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
The worry is being left on the sidelines as the market continues to climb.
There are much better places an investor can put their hard-earned cash, whether they want an aggressive or a moderate name.
Study those charts and be ready to act as things develop.
I'm focused on stock picking and continue to hunt for more sector plays.
I am watching names like Curaleaf and the MSOS cannabis ETF, which could keep moving higher.
A 'green wave' has advanced cannabis legalization across America. And that's just one of the forces powering up pot stocks right now.
It has been a challenging road for these firms, but now it appears that positive things are about to happen.
Just how many markets are there? We used to say 'the market' was up or down by so many points. No more.
Now's the time to take a step back and prepare mentally for what happens next.
Companies are adding capacity and outlets to take advantage of voters' decision this week to legalize adult-use cannabis.
Looking at these companies should not be a 'here today, gone tomorrow' fad.
Cannabis investors are keenly aware of the landscape and how it could play out for the industry.
This is a very healthy market and some consolidations and pullbacks would be advantageous for trading.
Don't be in a rush. The key to accumulating stocks in this environment is to move incrementally.