Justin Smyth is an independent trader with over 15 years of experience in the markets and the founder of www.nextbigtrade.com. Justin primarily uses a trend following method called Stage Analysis to trade the markets. He ...
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Justin Smyth is an independent trader with over 15 years of experience in the markets and the founder of www.nextbigtrade.com. Justin primarily uses a trend following method called Stage Analysis to trade the markets. He publishes articles and videos on the markets and has developed a screening tool using Stage Analysis at screener.nextbigtrade.com.
Cannabis stocks went on a big run after that announcement. But they topped out in October along with the stock market and many stocks in the sector went into a decline that broke below the 30-week moving average.
The chart of NVDA still looks fine. Sector-wise though after this much damage after earnings I'd expect these other stocks to need some time to repair damage before resuming uptrends.
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Semiconductor Shares Slammed After Earnings
The chart of NVDA still looks fine. Sector-wise though after this much damage after earnings I'd expect these other stocks to need some time to repair damage before resuming uptrends.