https://business.financialpost.com/...-5-billion-to-increase-stake-in-canopy-growth
Constellation Brands spending $5 billion to boost stake in Canopy Growth
:monsters-
weed.to
6 month daily
i think its fair to say Canopy is pulling away as the leader in the weed market....
bullish engulfing pattern on Friday and today she runs...forms a new 52 week high. Before the news it went on a 2-day beat down dropping 13%. Since the news its up 53%, LOL
ytd - +51%
12 month return - + 464%
know of a guy that's stacked at about $8.50ish. Hasn't sold a share.
2 year daily
sharp vertical ascents are not stable. But given todays actions, expecting a higher high tomorrow
take a bow Bruce....w-thumbs!^
GLD MAY form a hammer by months end on the monthly chart.
With the S&P 500 SPX, +0.24% back within 1% of all-time highs, however, it may finally be about to break out.
indeed....... glorious day for the yellow metal......
GLD
10 year monthly
with rising volume likely as month aint over . looking real real good for a swing low. Set to continue to oscillate between 130 and 110... a break either way would be MASSIVE.
GLD
6 month daily
checked gold's seasonality and since 1984 its best month? September
I love Gold right now.. everybody hates it. It will rise from the ashes, it could take 4-5 years, who knows but gold will be cool again. Plus gold has a floor price, not sure what it is but at some point we'd stop mining it and the price would rise. You couldn't have bitcoin without the gold in the puter parts...lol
haha, nah. You are being too hard on yourself. Aurora, Aphria, Canopy any of these 3 (or another for that matter) could have broken from the pack. Unless you consciously made a call, such as ; i'm buying and HOLDING no matter , turning down the noise and will re-evaluate in say 3-5 yrs then the decision you made to sell as a 5 bagger was understandeble. GREAT call to buy at $2.66. And congrats on the profit.
FYI the guy that i posted about that is stacked at $8.50ish is doing just that, actually his target is ; 'when my account shows 1 million'. LOL. He's almost there, at about $750,000. When it broke in early Jan over $40 ? incredibly he didnt sell. Told him sharp vertical ascents are not stable. Pulled back as low as $21 Now?....ready to take on $60, lol. LOOK AT ITS CURRENT VERTICAL ASCENT!! awesome. .....i hope he gets his million.
50% Market crash coming within the next 6 months, unless..
A/ The Fed backs off with their rate hike policy
B/ They end their QT policy
Im long gold here, and will add as we see more data showing the economic slowdown we are facing , and the markets starts to anticipate the change in policy
The statement from you know who, that we are in economic boom times is, well, laughable
posted and time stamped popcorn-eatinggif
A/ The Fed backs off with their rate hike policy
B/ They end their QT policy
Im long gold here, and will add as we see more data showing the economic slowdown we are facing , and the markets starts to anticipate the change in policy
The statement from you know who, that we are in economic boom times is, well, laughable
posted and time stamped popcorn-eatinggif
keep in mind he did tell the Fed to 'work with him'. lol
will they be running trillion dollar deficits indefinitely come 2019? did they shoot all the fiscal conservative republicans? @)
It truly is incredible that the Tea Party just shriveled up and died because "their guy" is in power . Makes me embarrassed to say I was one
Trump is already setting the table to blame the Fed when it comes tumbling down
When the next recession hits....... 2 trillion, 3 ? ugh , ugly
Why would this be time stamped? You’ve had this exact thesis for as long as I can remember and been wrong every step of the way.
Time stamp it from 2011 and the market has destroyed your investment strategy. You don’t get to just invent a new starting point. Atleast be a man about what you’ve predicted.
Not trying to be a dick but the idea you just hatched this thesis is disingenuous at best.
Taxes were cut, regulations were cut, he tried to get rid of that new and largest federal bureaucracy known as Obamacare, he's trying to streamline education and weed out other DC establishments, and that's what my Tea Party was all about.
Can't do everything in 19 months, and can't do everything by himself. Undoing mandatory social spending requires a lot of political capital which is in short supply. It's amazing he's accomplished everything he has while swimming upstream against very strong currents.
And the market will not crash 50% either, far too many positive variables for that to happen
Wrong . I have never predicted a market crash .
The QE programs just reflated the asset bubbles in real estate and stocks , and kept rates artificially low .
I have been wrong on gold . Had no idea the rest of the world would be this stupid to continue to bid up the dollar , allowing us to build up this much debt .
Doesn't matter. This is what Im saying right now
[COLOR=rgba(38, 50, 56, 0.87)]The U.S. yield curve is now at its flattest level in over a decade and is getting ready to invert. On Friday, the U.S. 10-2 year yield spread declined by 2.2 basis points to settle the week at an 11-year low of 18.5 basis points. All together, the U.S. 10-2 year yield spread fell last week by 6.6 basis points and is down 11.3 basis points so far this month.[/COLOR]
[COLOR=rgba(38, 50, 56, 0.87)]Historically, when the U.S. 10-2 year yield spread inverts, it has been a near perfect predictor that a recession is coming in the near-future. The only time that the 10-2 year yield spread inverted and a recession didn't follow was in 1998. Still, after the yield curve briefly inverted on May 26, 1998, the S&P 500 reached a short-term peak a few weeks later on July 17, 1998 of 1,186.80 and over the following 31 trading days it experienced a dramatic decline of 19.32% to finish August 31, 1998 at 957.50.[/COLOR]
You've never predicted a market crash? Really? I could find tons of posts with you predicting market/economic crash for years. And if you said the economy would crash, well obviously 95% of the time the market would crash with it. But I'm pretty sure you've said both.
And yes, I'm familiar with all of the austrian/free market arguments for why these asset bubbles will deflate. I'm sympathetic to most of them besides the extreme bear scenarios.
But that doesn't change the fact you've been wrong and SPY has crushed your thesis over the last 8-10 years. At some point you will get to be right, but at what cost? SPY is up 320% since '09 and gold is down 40% since '11. You're going to need something very cataclysmic to get back to even. A true black swan. Will it happen? Maybe but I'd probably still say SPY > Gold over the next 10 years if you put a gun to my dome.
And yes, I'm familiar with all of the austrian/free market arguments for why these asset bubbles will deflate. I'm sympathetic to most of them besides the extreme bear scenarios.
But that doesn't change the fact you've been wrong and SPY has crushed your thesis over the last 8-10 years. At some point you will get to be right, but at what cost? SPY is up 320% since '09 and gold is down 40% since '11. You're going to need something very cataclysmic to get back to even. A true black swan. Will it happen? Maybe but I'd probably still say SPY > Gold over the next 10 years if you put a gun to my dome.
thnks for posting. was a great week for the qqq'a indeed. here's my 2 cents on the qqqs
qqq
6 mth daily
support 178, earliest tho would be the 20 SMA 180.04, a clear break would be 183ish, approaching a ceiling. Volume wasnt convincing friday, but likely to test that ceiling, imo, given friday's candlestick anatomy. Above its 8 ema 180.90, real good
like GOOG's finish on friday. BEAUTY of a candle closing above its 8 EMA and just above 20 ish on slow stoi
If this is a prediction then it has to be asked...
What is A? What would be "backing off" to you. We've had 5 raises in the last 20 months. Would 5 more over the next 20 be backing off? What's the number?
What is B? They can wind down as slow as they want.
And I don't necessarily think you are wrong (I'll admit I have no clue what the result of this experiment will be as there is really no historical precedence) but you should atleast define all the variables if you are going to make a prediction like that.
If Powell raises 3x instead of 5x over the next 20 months, you can just say they continued to prop it up. In effect, you can never be wrong regardless of what happens when your statements are so vague.
Wrong . I have never predicted a market crash .
The QE programs just reflated the asset bubbles in real estate and stocks , and kept rates artificially low .
I have been wrong on gold . Had no idea the rest of the world would be this stupid to continue to bid up the dollar , allowing us to build up this much debt .
Doesn't matter. This is what Im saying right now
[COLOR=rgba(38, 50, 56, 0.87)]The U.S. yield curve is now at its flattest level in over a decade and is getting ready to invert. On Friday, the U.S. 10-2 year yield spread declined by 2.2 basis points to settle the week at an 11-year low of 18.5 basis points. All together, the U.S. 10-2 year yield spread fell last week by 6.6 basis points and is down 11.3 basis points so far this month.[/COLOR]
[COLOR=rgba(38, 50, 56, 0.87)]Historically, when the U.S. 10-2 year yield spread inverts, it has been a near perfect predictor that a recession is coming in the near-future. The only time that the 10-2 year yield spread inverted and a recession didn't follow was in 1998. Still, after the yield curve briefly inverted on May 26, 1998, the S&P 500 reached a short-term peak a few weeks later on July 17, 1998 of 1,186.80 and over the following 31 trading days it experienced a dramatic decline of 19.32% to finish August 31, 1998 at 957.50.[/COLOR]
kicking the can...other factors play a role in calling a recession. Certainly you nailed a BIG one .Here are a few others (keep in mind , im NOT a fundamentalist, have no formal education in economics)
-as you mentioned, an inverted yield curve
-ISM manufacturing PMI below 45
-housing starts declining
-consistent rise in unemployment
-corporate profitability waning (not even close on this one, LOL)
the ball game is heavy dose of equities for now..........that mueller guy going to cause problems?
