Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Well, the “high” (heh) surrounding pot-related stocks is clearly a thing of the past. This just goes to show how these story stocks can get creamed (and, let’s face it, do you really want to entrust your investment dollars to potheads?) In any case, the stunning run-up for Advanced Cannabis has kind of reversed…….
Unlike the bears last week, the bulls took full advantage of a favorable day yesterday and made an impressive new high. My primary channel resistance on the weekly chart isn’t yet broken with any conviction, and yesterday closed back on it, but it’s in trouble, and I’m upgrading the odds that we will see a further break above to 70%. Here’s the chart I posted intraday on twitter yesterday. SPX weekly chart:
