Ok ok…don’t get too excited all right? Please….
You as a stock trader / investor obviously………looking for some kind of direction / light at the end of the tunnel / idea of the future / means to make a decision. Fair enough.
As suggested earlier – the volatility ( in my view ) certainly indication of something larger…..something looming…something ominous.. something – unknown.
Something you just can’t put your finger on ( or more likely – “are unwilling to do so” ) as “you” as well – see it so clearly.
Something’s not right. You know it. Your gut knows it. I know you know it. You know that I know – you know it. Son of a bitch ‘eh?
Simply put. I see the daily cycle in both stocks as well cryptos as being “extremely stretched” ( some 50 days now ) with thought in mind that……as the algo’s change ( from buy to sell ) the bumps in the road get larger….the time between cycles get wider….”everything” starts pushing you to the limits of your psychological ability to “hang in there” and keep trading / soldiering on.
We will now push to new highs ( or very, very close ) in equities……and cryptos will rebound.
It will be at this point ( near the all time highs in equities ) that I challenge your psychological being once again……
Consider equities topping out at this point ( near new highs / possibly a notch higher ) then some incredible instance where billions fall out of equities markets, only to land on every coin / crypto they possibly can at rock bottom prices.
Sector rotation? Can you consider cryptocurrencies a sector yet? ( 300 billion dollar market cap at present..hmmmm….) Guess it’s just a fad.
You failed to state all the production area worldwide that both Aurora Cannabis and Canopy have. They also have reputable contracts like Shoppers Drug Mart in Ontario, Liquor Stores, etc. and all their worldwide contracts which you do not have, nor can get. Good luck!
I’m a gorilla big guy…go easy on me please.
How do I trade now?