Blog

US Sectors

Cannabis Stocks Back in Stage 2. Big Industry Group Theme for 2021

At the start of each year I like to look at where the initial money is flowing once the institutional traders return from their end of year breaks, and this year I can see a strong group theme developing in the Cannabis stocks once more, with multiple early Stage 2A breakouts and continuation breakouts on strong volume recently from big Stage 1 bases, and multiple other stocks in the group setting up in the later part of Stage 1.
Read More

US Stock Market Breadth Update - 29th November 2020

Potential Major Market Breadth signal that the Bull market is still only just beginning. The 80%+ level has only been reached twice before in June 2003 & August 2009 as you can see attached. So although in the upper risk range. A major sign of strength.
Read More