Wednesday, May 18, 2022 9:18:53 AM
On a broad perspective, if the overall market swoon continues the next leg down will take a lot of tickers along for the ride, regardless of how they are setting up. I’m seeing a mix of things holding up AND breaking down which tells me there is sector rotation going on and we’re looking for a bottom (and new leadership for inevitable next run up).
Over the next three days there is a downward bias in the Dow but not necessarily for the other markets. I’m kind of sitting still right now until we get a breakout one way or the other.
That volume spike right at the recent low (12.72) is still holding. As I’ve hinted before I think most of the real bad news for the sector is already out, that leaves only good news (from a relative perspective) to come so we’ll see. It seems to me that we’re in a sector vs market battle right now.
Recent TCNNF News
- Is this Penny Stock About To Break Through? • AllPennyStocks.com • 11/09/2023 02:00:00 PM
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM