Marijuana Penny Stocks With so much excitement building around the potential breakout of a legal recreational pot business open for investment,

The Good, the Bad, and the Ugly Recent Marijuana Stock News

Marijuana Stock News: What Went Right, What Went Wrong

Marijuana Stock News Sometimes I feel like a broken record repeating the same thing every week, but I feel it can’t be said enough:

 Marijuana Stock News Sometimes I feel like a broken record repeating the same thing every week, but I feel it can’t be said enough: If you’re a marijuana stock enthusiast, you need to be up to date on marijuana news. The drug is working its way—albeit slowly—towards mass acceptance in the U.S., both medically and for recreation. But that process is one that will ebb and flow, and following the news is a great way to try and predict the future of the pot industry. In this case, I’ve rounded up three bits of news that all may have a profound effect on the legalization process.

The Good Pot Stock News

The good news in pot stock is that illegal weed is bad. Very bad. Besides the obvious concerns about illegal weed—including funding gangs and the product being less safe overall due to a lack of oversight and regulatory organizations in the criminal world—there’s a new reason to hate on illegal weed production: pollution.



 Marijuana Stock News

A recent story by Reuters highlighted the environmental toll that illegal pot is taking on the environment. One expert claims that the amount of pesticide and fertilizer released in California, if concentrated into a single stream, would exceed the amount of chemicals spilled in Elk River in West Virginia during a 2014 crisis, which left 300,000 residents without access to potable water. (Source: “Toxic waste from U.S. pot farms alarms experts,” Reuters, August 6, 2017.)

The Bad U.S. Full Marijuana Legalization News

U.S. Attorney General Jeff Sessions seems hellbent on using federal power to crack down on states that have legalized pot. The latest marijuana stock news revolves around a letter Sessions sent to a number of top Washington officials, criticizing the state’s legalization of marijuana. (Source: “U.S. Attorney General Sessions criticizes Washington state’s legal marijuana system,” The Seattle Times, August 6, 2017.)

The Ugly Marijuana News

The thing about Sessions is that his own task force, which he assigned to access the damage of legalized pot, came back and pretty much said that the Obama administration played it right. Which is to say, back off from the states and let the people decide. Of course, this was not the news that Sessions wanted or needed, so his attack on legal weed in Washington is all the more weak.

Not to mention that Washington officials claim that Sessions is using out-of-date information from 2016 that does not reflect the reality today.

 

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Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )



 WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp

One More Hurdle and WEED Stock Is Bullish Once Again

WEED Stock: So Close, Yet So Far

 WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp

WEED Stock Is Bullish There have been a number of developments on theCanopy Growth Corp (TSE:WEED) stock chart that are worth noting, and this is why I have decided to focus on WEED stock once again. The last time I focused on Canopy Growth stock, I mentioned that an opportunity was approaching, and that I would be looking for a number of indications to suggest that momentum has finally shifted, indicating that a bullish move was in the making. For those inclined, that report was titled “An Opportunity in WEED Stock Is Approaching,” and it was published on June 8, 2017.

Since the stock peaked in November of last year, the shares have traded with a bearish bias, where lower prices have prevailed. The trend towards lower prices began to accelerate after the government announced its framework with regards to marijuana legalization. The sell-off that followed this announcement was not even the slightest bit of a surprise, and anyone who has read my publications on marijuana stocks is well aware that I warned that such an outcome was likely to occur.

As I mentioned in my previous publication, I am looking for a number of indications to swing into bullish alignment, which will suggest that the tide is turning. The good news is that these indications have turned bullish, so progress is being made.

The following Canopy Growth stock chart illustrates these indications.



WEED Stock Is Bullish

 

weededd

Chart courtesy of StockCharts.com

The indications I have highlighted involve a simple trend line and the moving average convergence/divergence (MACD) indicator.

The simple trend line, which is highlighted on the stock chart above, defines the bearish trend that began its development after the share price peaked in November 2016 at $17.86. This trend line is created by connecting the peaks on the WEED stock chart. It acted as a level of price resistance that prevented the stock price from advancing.

In my previous report, I outlined that I needed these two indications to swing into bullish alignment in order to generate a bullish view, which has occurred. The problem is that I must refrain from taking on a bullish view because WEED stock is trading below a key metric that needs to be overcome.

The following Canopy Growth stock illustrates this key metric.

weededd1

Chart courtesy of StockCharts.com

The key metric I am still waiting on is the 200-day moving average. This moving average acts a dividing line that separates bullish investments from bearish ones.

In October 2015, the stock broke above the 200-day moving average and an epic move to the upside ensued. The scope of the rally that followed reiterates the importance and significance of a stock trading above this metric.

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Pharmaceuticals  stocks ( CGC)  ( JNJ ) ( MRK ) ( GSK ) ( celg )  ( gild )



Switzerland Stock Market SMI Investors Price Trade Midday Higher Thursday August 3

Switzerland Stock Market (SMI) | Data | Chart | Calendar

STOCK TRADERS


source: tradingeconomics.com
 SMI Investors Price Trade Midday SMI increased 68 points or 0.75% to 9123 on Wednesday August 2 from 9055 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.



SMI Investors Price Trade Midday

Switzerland Stock Market (SMI) Notes

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
9122.68 9055.00 9531.50 1287.60 1988 – 2017 points Daily

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Switzerland Stock Market SMI Price Midday Traded Higher Wednesday August 2

Switzerland Stock Market (SMI) | Data | Chart | Calendar

STOCK TRADERS


source: tradingeconomics.com
STOCK TRADERS

SMI Price Midday Traded  increased 57 points or 0.63% to 9112 on Wednesday August 2 from 9055 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.




SMI Price Midday Traded

Switzerland Stock Market (SMI)

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
9112.42 9055.00 9531.50 1287.60 1988 – 2017 points Daily

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Switzerland Stock Market SMI Midday Price Increase Tuesday August 1

Switzerland Stock Market (SMI) | Data | Chart | Calendar

STOCK TRADERS 


source: tradingeconomics.com
SMI Midday Price SMI increased 36 points or 0.40% to 9055 on Monday July 31 from 9019 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.



SMI Midday Price

Switzerland Stock Market (SMI)

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on August of 2017.

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Baidu Stock Explodes Baidu Inc (ADR) (NASDAQ:BIDU) stock surged on Friday July 28, by 9.45% following an earnings report where the company crushed estimates, beating on both on the top and bottom

Baidu Stock Explodes to the Upside, as Expected

BIDU Stock: Vindicating My Bullish View

Baidu Stock Explodes Baidu Inc <span data-recalc-dims=(ADR) (NASDAQ:BIDU) stock surged on Friday July 28, by 9.45% following an earnings report where the company crushed estimates, beating on both on the top and bottom " width="300" height="200" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/08/BIDU-Stock-300x200-Small.jpg?resize=300%2C200 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/08/BIDU-Stock-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

Baidu Stock Explodes Baidu Inc (ADR) (NASDAQ:BIDU) stock surged on Friday July 28, by 9.45% following an earnings report where the company crushed estimates, beating on both on the top and bottom lines. I am pretty confident that these numbers will cause a few analysts to second guess their bearish outlooks on Baidu stock. I, on the other hand, have been bullish on BIDU stock for quite some time, and this surge in price was actually something I have been expecting.

I cannot even begin to count the number of publications where I outlined a technical price pattern that was in development and the implications that were suggested by it. On May 29, 2017, I outlined in a report titled “The Sky Is the Limit as Baidu Stock Finally Breaks Out” that this technical price pattern was finally complete, and as a result, higher stock prices were expected to follow.

The surge that followed the earnings report was actually was a sigh of relief because I was starting to question whether the bullish implications suggested by the BIDU stock chart were ever going to play out.



Baidu Stock Explodes

These bullish implications are illustrated on the following Baidu stock chart.

bidubo

 

This stock chart illustrates that every advance and decline in BIDU stock since 2009 has been constructive in nature and supported by an internal indicator.

Constructive price action consists of impulse waves and consolidation waves. Impulse waves define the period in a bullish trend where the stock price stages an advance that is characterized by a swift and linear motion. Consolidation waves define the period in a bullish trend where the gains from the previous price advance are digested. This wave serves to unwind any overbought conditions that were created in order to generate the necessary conditions so a new impulse wave can develop.

Every bullish MACD cross has resulted in a price advance that has been highlighted as an impulse wave, while every bearish MACD cross has resulted in a decline that has been highlighted as a consolidation wave. In my previous publication on BIDU stock, I outlined that a bullish cross was generated, and therefore, I have been anticipating the development of an impulse wave. The price action on the stock chart clearly illustrates that every new impulse wave has surpassed the heights reached by the previous one, and I do not believe that this impulse wave will be any different.

This impulse wave has been especially explosive, which was also an expected development. These expectations are a result of the shape that the consolidation wave has taken, which is highlighted on the following Baidu stock chart.

BIDU price chart

 

This Baidu stock chart illustrates the consolidation wave that was just completed. This consolidation wave took the form of a symmetrical triangle, and these patterns are particularly powerful.

The reason why these patterns are so powerful is because as the pattern develops, momentum is being built and stored within it. This is a direct result of the price action, which contains lower highs and higher lows. This price action is defined using two converging trend lines that serve as levels of price support and price resistance. When one of these levels is breached, the momentum that has been stored within the pattern is released and a powerful and violent reaction follows.

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Switzerland Stock Market SMI Price Opened up Tuesday August 1

Switzerland Stock Market (SMI)  | Data | Chart | Calendar

STOCK TRADERS


source: tradingeconomics.com
SMI Price Opened increased 36 points or 0.40% to 9055 on Monday July 31 from 9019 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.



SMI Price Opened

Switzerland Stock Market (SMI)

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
9055.00 9019.31 9531.50 1287.60 1988 – 2017 points Daily

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Switzerland Stock Market SMI Midday Lited Monday July 31

Switzerland Stock Market (SMI)  | Data | Chart | Calendar

STOCK TRADERS


source: tradingeconomics.com
SMI Midday Lited  48 points or 0.53% to 9067 on Monday July 31 from 9019 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.

SMI Midday Lited

Switzerland Stock Market (SMI)

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
9067.00 9019.31 9531.50 1287.60 1988 – 2017 points Daily

 

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Switzerland Stock Market SMI Closed higher Friday July 28

Switzerland Stock Market (SMI) | Data | Chart | Calendar

STOCK TRADERS

SMI Closed  increased 2 points or 0.02% to 9019 on Friday July 28 from 9018 in the previous trading session. Historically, the Switzerland Stock Market (SMI) reached an all time high of 9531.50 in June of 2007 and a record low of 1287.60 in January of 1991.



SMI Closed

Switzerland Stock Market (SMI)

The Swiss Market Index SMI is a major stock market index which tracks the performance 20 largest and most liquid stocks based in the Swiss Exchange. It is a free-float, capitalization-weighted index. The SMI companies represent about 85 percent of the Swiss equity market. The SMI has a base value of 1500 as of June 30, 1988. This page provides – Switzerland Stock Market (SMI) – actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Stock Market (SMI) – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
9019.31 9017.79 9531.50 1287.60 1988 – 2017 points Daily

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