A MUST-SEE Pot Report
It’s been a tough Q2 for pot stocks.
We’ve talked a few times about how the action in pot is correlating to the greater market’s down swing.
We’ve also explained how from a fundamental level this correlation makes no sense.
It’s the blind leading the blind.
Perhaps, if and when we start shipping container ships full of hemp to China, trade war concerns will be legitimate.
But we all know that’s a long way off.
And since the drawdown through June in pot is based off of fiction, we’ll focus on reality…
Major moves are happening in the world of weed.
The other week, the U.S. House of Representatives approved a bipartisan amendment that stops the U.S. Department of Justice from meddling with state-legal cannabis programs.
This along with other positive industry news has done little to ease the pain for pot stock owners recently.
Whether it makes sense or not (and trust us it doesn’t), pot stocks have moved in lockstep with the greater market this year. As such folks may have taken some heavy losses.
But, of all the types of stocks available out there today, pot stocks still offer you the best opportunity to make incredible gains quickly and easily.
Yes, very often we see extended periods when weed stocks get dislocated from the real progress being made in the actual businesses around the country. Hence the recent drawdown.
But that’s not a bad thing — it’s an opportunity!
Let’s go to the chart…
As the black trendline indicates, over the past five days pot stocks have shot higher while establishing a series of higher lows each day. Then yesterday this uptrend turned sideways (green line).
If the North American index (as used in this example) can maintain above this newly established support (green line), a big run could follow.
We’ll have to wait and see if the herd’s stupidity ruins our pot profit party, but savvy investors should know…
Pot’s long-term gains are one of a kind!
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily