Public companies come and go, but averages trend higher (most of the time) because they’re constantly updated… rooting out underperformers and replacing them with winners.
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The week after options expiration in September is seasonally bearish — we’re seeing that play out now.
I’ve been waiting for pot stocks to recover and I think now’s best time to jump back in! I really like the chart on this one — and we all know how explosive these pot stocks can be. Now that it’s above the 200-day average I think it could very quickly fill this gap higher.
We don’t want to get chopped to bits here if stocks won’t play nice…
We’re seeing a few names move this morning, giving us the opportunity to enter into a hot sector.
It makes sense to see a strong bounce after the abrupt correction we endured in September.