this bull may have legs, but don't expect today to be like the previous 2 strong up days.
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Weed Stocks- Sessions trying to sweep back the sea. Yea, lets lock these horrible people up!
Anyone familiar with the history of the criminalization of weed knows it was done with government propaganda movies appealing to racism and ridiculous medical opinions. Don't take my word for it, you watch Reefer Madness and make up your own mind. Same blue stocking crowd that favored Jim Crow and tried to outlaw rock and roll.
Tech back to opening level while small caps still sitting on yesterday's close. I am willing to bet I can find an article this weekend talking about institutional money put to work this week! Flip side is when that cash river dries up we will return to two way normal trading.
NY advancing stocks = 1.53 x declining stocks
NY advancing volume = 1.48 x declining volume
Bulls better get going if they want to hold onto this triple-digit up day
Expect chop at this point in the AD
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Two of 3 indicators on my chart are now sell (ADX still dropping, needs to stabilize), so I gotta agree bulls better recover. First guess is we drift into a mild sell off at the close then it pulls back on Friday. Real question is how much institutional money is being held back for a better price?