Jump to content



Photo

Five Sessions in the weed patch


  • Please log in to reply
11 replies to this topic

#1 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,654 posts

Posted 07 November 2018 - 06:57 PM

From the Link:

 

 

The leading stocks in the marijuana sector surged today on the Sessions news but they were already on the run with the market bounce.

 

Long-term breadth (measured by the McClellan Summation Index) turned up after a 40-day decline on October 31st, giving a clear market-timing signal to buy the market on the open on November 1st, five trading days ago.

 

CGC is up 23.7%, TLRY 41.8%, CRON 29.2% and the ETF for the sector, MJ is up 16.9% (see the charts below, the white flags on the lower right tell the gains far per $100K invested).

 

A QUICK HIGH IN THE WEED PATCH


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 NAV

NAV

    Member

  • Traders-Talk User
  • 16,065 posts

Posted 07 November 2018 - 10:17 PM

 

 

Long-term breadth (measured by the McClellan Summation Index) turned up after a 40-day decline on October 31st, giving a clear market-timing signal to buy the market on the open on November 1st, five trading days ago.

 

Did you buy that like a robot or the robot in you panicked ? smile.png  


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#3 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,654 posts

Posted 08 November 2018 - 02:03 AM

 

 

 

Long-term breadth (measured by the McClellan Summation Index) turned up after a 40-day decline on October 31st, giving a clear market-timing signal to buy the market on the open on November 1st, five trading days ago.

 

Did you buy that like a robot or the robot in you panicked ? smile.png  

 

 

Unfortunately, not the weeds.  TQQQ and SPY options.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#4 SemiBizz

SemiBizz

    Volume Dynamics Specialist

  • Traders-Talk User
  • 22,814 posts

Posted 08 November 2018 - 08:51 AM

I thought they went up because Sessions is now out of the weed patch...flowers.gif


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#5 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,637 posts

Posted 08 November 2018 - 11:12 AM

Looks like more sessions without Sessions.


Short to the gold buy trade: from 2900 out @ 2694 +206 /#2  2801.50 out 2803.50  -2 /#3 2745 out at 2639.50 +105.50 / #4 short 2666.50. stopped -.50/ /#5 short 2669 out at 2649 +20/ #6 waiting for re-entry.

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#6 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,938 posts

Posted 08 November 2018 - 11:41 AM

Ultimately, it's up to the Congress to make the changes to the CSA...the AG just follows the laws that are passed by this same body.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#7 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,637 posts

Posted 08 November 2018 - 11:56 AM

True but the guy was basically a lobbyist against it for those he really works for. When it is probably the healthiest plant on earth for us. 

 

As many humans have died from Cannabis as Unicorns.  ZERO!!!

 

  It is also the one plant that has all amaino acids and an amazing amount of protein. Not to mention the benefits to our cannabinoid system. I can go on and on but the lies put out from the 8 companies that got together back in 1930 to trash what was 80% of all medicine, cannabis, to eliminate their biggest competition and sell their crap death pills.  Well lets just say I'm tired of the lies and the people suffering and dying needlessly for the benefits of those SOBs. Thankfully the truth is coming out.


Edited by zoropb, 08 November 2018 - 11:57 AM.

Short to the gold buy trade: from 2900 out @ 2694 +206 /#2  2801.50 out 2803.50  -2 /#3 2745 out at 2639.50 +105.50 / #4 short 2666.50. stopped -.50/ /#5 short 2669 out at 2649 +20/ #6 waiting for re-entry.

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#8 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,938 posts

Posted 08 November 2018 - 12:26 PM

True but the guy was basically a lobbyist against it for those he really works for. When it is probably the healthiest plant on earth for us.

 

He was doing his job regardless of current information on the subject...whether it be morally or culturally.

 

Again, the CSA was written in 1971....things change, but as any DA or AG, your job is to follow the rule of law that is passed by a legislative body.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#9 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,637 posts

Posted 08 November 2018 - 12:33 PM

No doubt Fib he was doing that but at one point was going a bit to hard on the subject and hassling honest folks in States that had given it the ok. I know not fedral.

 

I can think of several issues he should of given more importance than messing with Cannabis but they may have caused him to lose his head. 

 

Going to be a new sherif in town lets see what happens. 


Short to the gold buy trade: from 2900 out @ 2694 +206 /#2  2801.50 out 2803.50  -2 /#3 2745 out at 2639.50 +105.50 / #4 short 2666.50. stopped -.50/ /#5 short 2669 out at 2649 +20/ #6 waiting for re-entry.

 

I run a traders Blog with high probability targeting on ES , closed to any new members.


#10 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,938 posts

Posted 08 November 2018 - 12:43 PM

No doubt Fib he was doing that but at one point was going a bit to hard on the subject and hassling honest folks in States that had given it the ok. I know not fedral.

 

I can think of several issues he should of given more importance than messing with Cannabis but they may have caused him to lose his head. 

 

Going to be a new sherif in town lets see what happens. 

 

State laws are secondary to federal laws. If one has a beef on this, they need to talk to their Congressional representative to help make changes necessary to compliment what is known today.

 

Aside from that, the only arrests I have seen in the last 2 years (and they have been very few) have been with very large farms, caught in transportation and not with "honest" individuals who are within the laws of their municipality.

 

If you're hired to do a job, you must do it with respect of the guidelines of that job without one ounce of favoritism or bias...whether it be in government or the private sector. Break that trust, and you're fired.

 

Fib


Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page