US Cannabis MSOs pumped, then dumped This is a place where the writer sometimes touts his excellent calls and sometimes highlights his crappy calls. As a trader however, the writer is faulty. That is because the writer does not want to be a trader. He wants to be a ‘top down’ macro guy positioned accordingly. The Cannabis MSO trade was to be a seasonal thing, … Continue reading How I turned an excellent profit into a sizable loss
Since the October decline, into which I had some profitable short trades and out of which I had some profitable bull ones, the stock market has gone mostly sideways in what I have called the ‘Swing’ market (swing baby, swing batter!). Within this ongoing jagged whipsaw I had some okay trades and some not okay trades, but more good ones than bad ones. Lately however, … Continue reading 2 Stocks, 1 Kop
Yesterday HUI did exactly what we asked it to do in order to remain normal to the current plan. It dropped into the 224’s, filled the gap and has not made a lower low to the last green arrow. So it remains in a baby uptrend. I would not get too concerned about reading a rising wedge into a 30 minute chart, but it is inserted regardless to again play Devil’s Advocate.