|Day Low/High||10.31 / 11.38|
|52 Wk Low/High||2.86 / 20.32|
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.
Momentum is nowhere near where it was a few weeks ago, but there are a couple of dozen stocks up more than 10%.
All these names, I believe, have potential positive catalysts, but they all can drift lower in a poor market.
It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
I believe that the corrective action of the last couple of days should be a platform for some good technical action.
Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.
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 main themes are bitcoin, cannabis, stocks priced under $10, small biotechnology, and small-caps in general.
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.
My favorite group at the moment is cannabis.
There are plenty of opportunities out there, but you have to be quick.
Georgia's election results have given the industry a big green light, meaning positive moves are expected out of cannabis stocks.
I'm focused on stock picking and continue to hunt for more sector plays.
There is some good dip buying on my screens in the early going.
VFF was not a very exciting business until it entered into a joint venture with Emerald Health Therapeutics.
TLRY has an active options market, so risk can be defined.
The primary problem is that there was just too much wild speculative action on Monday and Tuesday.
The stock picking is exceptionally strong and has little correlation with the indices.
While the market appears to be enjoying the election results (so far), here's my take on electric vehicles, health care, metals and restaurants.
Firms should be using their high stock price to grab other businesses to expand, so they're ready when things return to normal.
We have multiple bullish divergences to justify a buy.