Replies to post #112458 on Canopy Growth Corp (WEED)

[TREND1]

As Charles Dow said over 100 years ago.
You can determine the trend.
But not the end.

[TREND1]

Chartist Hotline, Tuesday, August 27th, 3:00 p.m., West Coast Time.

Stocks sold off today with the yield curve inversion deepening to levels not seen since 2007. The Russell 2000 (-1.48%) led the way down, finishing narrowly below its May lows, while the Dow Transports (-1%) ended almost at its May lows. The Dow lost 120 points (-0.47%), finishing narrowly above its 200 day line.

The path of least resistance continues to be to the downside with the Russell 2000, S&P Midcap Index, Value Lines Geometric and Dow Transports all below their respective 200 days lines. The Dow and S&P 500 are within striking distance of their 200 day lines as well. Declining stocks led by almost 2:1 on the NYSE and well over 2:1 on the Nasdaq.

The Actual Cash Account lost $7,760 (-0.60%).

In the Trader’s Portfolio, there were 4 winners vs. 5 losers. Roku and Shopify led on the upside, both gaining 2.8%. On the downside, Mercado Libre (-1.41%).

All of the stocks in the Trader’s Portfolio are still comfortably above their mental stops. Traders are now advised to raise the mental stop on Roku to 117.56. Also raise the mental stop on Shopify to 347.55. Roku and Shopify have gained 139% and 81% since they were recommended last April.

Our advice for investors who are following our real money accounts is to continue to maintain a fully invested position for the time being. The bears continue to have the upper hand.

Our next regular hotline is scheduled for Thursday, August 29th, 3:00 p.m., West Coast Time.


Looks like CGC will have a bear market to deal with soon.

[TREND1]

ART HILL WOE has been bearish since AUG 14, 2019.
That is not good for CGC

Look at that date on the chart below