yes agree- i have been using it as a trading direction meter, today was flat to slight upside, made about 5% profits today on several MJ-related stocks. I expect tomorrow to be about same. crypto b.s. and warnings about correction in Dow / SP have a lot of investors going to cash / sidelines.
stellar earnings from MJ sector will lure then back in.
If you include all the other can mj's it's a red day.
Also, that 5% number is based on closing price Friday when everything basically hit bottom or was close to it.
My glasses aren't quite as rose colored as yours. ;)
The thing the ETF's have going for them is that they are based on the more mature sector leaders and I think that's what will make the difference in periods of sector decline.
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