Momentum Monday – Weed and Gold?

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I let Ivamhoff drive most of this week’s episode because he has had the hot hand sidestepping the downdraft. Click here to watch or see the embed below:

Weed is leading right now and gold is perking up. I care about neither, but I seem to be in the minority.

If you want to follow weed, the ETF is $MJ and Canopy Growth is the big Company in the space that is breaking out again. I am hungry from just typing these tickers.

Elsewhere, some big retailers are at the top of long bases including Ulta Salon and Autozone.

I try and avoid these volatile and choppy markets. Trends are ending and I am trying to just sit on my hands and watch.

The one interesting stock for me today was Sendgrid, which was acquired by Twilio. I’ve had this thesis that a lot of mergers would take place in the enterprise software space. The companies are flush with cash and high stock prices.

Enjoy the episode.