The broad stockmarket is now insanely overbought at what may be the top of its parabolic spike. A violent reversal could soon occur. As you know we have bought a range of cannabis stocks in recent days in expectation of renewed advance. We have seen a breakout by the sector, but it has been insipid with volume weak in many stocks.
Thus it looks like they could turn tail and drop hard if the broad market now drops hard as it could very soon. For this reason it is considered prudent to liquidate them, and if you get this message in time today, before today’s close, failing that tomorrow morning. We have gains in most of them, slight gains in many, worthwhile gains in some of them and a massive gain in Freedom Leaf (FRLF), which we only bought on Monday morning.
The idea is this – Step 1: head for safety, Step 2: redeploy into the Precious Metals sector which is set to soar as the dollar craters.
End of update - more on this theme later.
Posted at 3.45 pm EST on 24th January 18.