Cannabis Stocks starting to turn higher again

Technical Strategy Video:

Key Takeaways

  • Thursday’s abrupt reversal doesn’t cancel the rally but does serve as a warning sign. Key will be SPX 4451 and QQQ-356.19, NDX- 14452
  • Treasury weakness should persist a bit longer, with TNX targets at 2.25%
  • Cannabis stocks look to be bottoming given the move to multi-week highs and a big uptick in momentum. 

St. Louis Fed Chair Bullard’s ultra-hawkish tone set the stage for a volat...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Events

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In