Market Overview

  • Premarket Down
  • BTC Down: Broke down key support at 10100 then found the bottom at 9580. Recovered back up to 10100 again as of now.
  • Gold Up
  • WTI Down
  • Brent Down
  • Bonds Down
  • Vix Up
  • China threatens Retaliation to Trump
  • WMT, BABA ER Today
  • CGC crushed after ER: Both Top and Bottom Shock....However there's a positive side and this is my personal opinion. Without 1 time charge $1.2 Canadian Dollars, actual EPS would have been -$0.2 rather than over -$3.6. That was better than consensus for the 1st time. This quarter result was still responsible by former CEO. I think this price dip would open up the last opportunity to dip into CGC stock for the Long Term Position. System's 100 day bottom at 28.08 and 600 bottom at 22.98. So I would say definitely the bottom should be between 28.08 and 22.98. Mid point around $25 would be the perfect entry.

Flags from Wednesday

B-PFE Down by 0.29%
B2-GBTC
R-SDS Up by 1.25%
Short-AMD Up by 2.05%


Extra

Short Flag: When short fails, it usually leads to a big bounce followed by a Rally. I consider this as an opportunity for a bonus day trade.