Greetings from my beautiful hometown of Radford, Virginia! I’m back in town visiting some family for the weekend, but I wanted to take a quick break from that to bring you a market update.
This past trading week took a much-needed turn back to positive gains. In today’s market update video, I’ll be taking a look at several of the reasons for the reversal of fortune on Wall Street this week. I’ll also delve into some technical analysis on where the market could be expected to go from here, including the next big “Eyeballs” event that many investors will be watching (if you’re unsure what I mean by “Eyeballs,” check out my article on the four things you need to read any stock chart by clicking here).
I’m enjoying some time with my dad in the beautiful Blue Ridge Mountains of Virginia this weekend.
On my way down, I stopped by the headquarters of the National Institute for Cannabis, and got to catch up with their incredible team. If you want to learn more about the cannabis industry, or if you’re seeking a way to break into this potentially lucrative market, then the cutting-edge research that the NICI team provides its subscribers is exactly what you’re looking for. Find out how you could reap the rewards of what could be the next $1 trillion industry.
That visit got me thinking about a broader view of what’s going on with the cannabis stocks. Two weeks ago, I sent you an earnings update about three of the four biggest market cap pot stocks (you can find that update by clicking here). And as of yet the biggest of them all, Canopy Growth (CGC) has not yet reported their earnings for the quarter. Zachs lists a tentative date of June 26th, but that date is not yet firm.
Let’s take a quick look at how some of the better known names are looking on the technical front…