If you looked at each of those charts more closely you would see the same things with the RSI (if they had rsi that is). And maybe it means that the DOW and all the other thousands of charts that look just like the DOW, are all going up this next week. Entirely possible. My point is that it's big board driven. Our weed stocks haven't separated themselves from DOW, as the charts clearly show.
Also, using longer charts with day and week intervals may give better perspective. When you zoom in on the day with 5 minute interval it looks like this:
zoomed out it looks more like these:
Finally, it's maybe even simpler than all that. Just look at the volumes. Volume leads price, just about always.
My thesis is; when DOW is struggling and people are afraid to bet on google, our sector, just in general, isn't going to get the love (read volume) it takes to push these prices up much. AND right now, individual company merit doesn't weigh in as heavy as overall sector love (volume) or just the damn DOW.
So, we go up and down with the sector, and we go up and down with the DOW, and the DOW goes up and down with other big markets, especially china markets, which really led this sell off I think, in that they had the hiccup first, then the DOW followed.
In this case all of the above were overbought markets just begging for the first excuse to do a correction.
Is the correction done yet? that's the question I have.
If DOW rallies monday, I'm betting these weed stocks go up too. If DOW plunges again this next week, I'm gonna say we don't rally.
BTW, SD*W and UD*W have been really fun this past week. So have Y*NN and Y*NG. ;)
News 
Market Data 
Discover 
