chart school Archives
Bad News Bears
The stock market in general is quite healthy, with the major indexes at or near their highs, and all Cabot’s market timing indicators positive.
But the cannabis sector is still weak.
Part of this weakness stems from the fact that cannabis was the sector...
Mostly Sunny—with Possible T-Storms Along the Way
Ever since January 9, when the 2-to-1 Blastoff Indicator gave a rare buy signal just two weeks after the market’s major bottom, our greatest conviction has been that the overall market had likely entered a new bull that...
They say a picture is worth a thousand words. This picture of the Marijuana Index tells a story that be summed up in fourteen.
From January through March, marijuana stocks were hot.
Since then, they’ve been cooling off.
The reasons for the strength were From...
Still Going According to Script
Back on January 31, we wrote that the market was basically following a perfect Hollywood-type script for a major market bottom—you had a three-month bear phase that produced huge oversold readings and massive pessimism near the low, followed by turn...
Fundamentally, the fastest-growing industry in America continues its rapid evolution. Some analysts now estimate that marijuana will be an $80 billion business in few years, while CBD sales will hit $16 billion by 2025.
It’s hard to know. But one big step comes tomorrow the...
I didn’t go to business school; I was an English major. But the values learned in our household were firmly grounded in free market capitalism and investing. Sunday mornings, after going to church, we would stop at the local newsstand to buy and...
Is the market's recent bounce a true breakout or another false start? The following stock charts should give us some insight.