It's high time we checked in on the Marijuana stocks since our last update was in July.

Before we start, just want to give a big h/t to our intern @GrantHawkridge for helping out bigly with this research and post.

Some might even call this post a...JOINT venture.

We'll be here all week.

Now, let's get into the charts.

First, let us start at the industry level with the Alternative Harvest ETF (MJ). There is nothing bullish about this chart and made no progress in 2020. Prices have re-tested resistance multiple times, however, each time sellers came in and defended that level.

For now, the benefit of the doubt goes to the bears as this is a sideways trend at best, at least until prices can get above this 15-16 range.

Click on chart to enlarge view.

On a relative basis, this thing is sitting near all-time lows relative to the S&P 500. ...

Is it time to buy the Travel, Leisure & Entertainment stocks?

I don't necessarily think we need to own all of them. But if we focus on the ones with the most relative strength and positive momentum, we should be in a much better position to succeed. In other words, if we can find the ones that don't look like most Travel, Leisure & Entertainment stocks, then we could have a winner!

First of all, here is the Dow Jones Travel & Leisure Index (can't trade it) overlaid with the Leisure & Entertainment ETF $PEJ (can trade it) so you can see how similarly they move. I also included some of the fun facts about $PEJ from the Fund Factsheet.

The market is telling us that Pharma stocks need more time to correct before they're ready for their next leg higher.

Below are a few charts explaining why and how we're approaching the sector going forward.

On this week's podcast, I wanted to share a recent interview I did on Opto Sessions with Ed Gotham over in London England. Our chat took place on Thursday afternoon November 5, 2020, just a couple of days after an unresolved election. My main points revolved around focusing on price trends and worrying less about election results, at least as far as portfolio decisions are concerned.

Ed came at me with a bunch of great questions. I appreciate how direct he was. I wish more interviews I did came at me with such relevant topics and ideas.

I really enjoyed this one. Thanks Ed for a fun chat!

From the desk of Steve Strazza @Sstrazza

As Notorious BIG would say... "and another one!"

We've been pointing out historic breadth readings since this summer. We've actually seen a handful of extreme readings that typically occur at major market lows and the early stages of new secular bull markets.

We've seen them across most major indexes as well, even Small and Mid-Caps.

From the desk of Steve Strazza @Sstrazza

At the beginning of each week, we publish performance tables for a variety of different asset classes and categories along with commentary on each.

Looking at the past helps put the future into context. In this post, we review the relative strength trends at play and preview some of the things we’re watching in order to profit in the weeks and months ahead.

Despite being in a split market environment, we've pointed out how the weight of the evidence continues to shift further and further in the direction of the bulls with each passing week.

This past week, we finally saw what appears to be the tipping point as stocks and risk-assets were all up generously. We've been waiting for the market to make up its mind from a risk-appetite perspective, as well as for the stock market to pick a direction after almost three months of sideways action.

Not only was the S&P up over 7% last week, but it's following through with a monster move today. The S&P is up about 3.5% as I write this.

But there's even more good news for investors... it looks as...

From the desk of Steve Strazza @Sstrazza.

Welcome to our "Under The Hood" column for the week ended November 6, 2020.

What we do is analyze the most popular stocks during the week and find opportunities to either join in and ride these momentum names higher, or fade the crowd and bet against them.

We use a variety of sources to generate the list of most popular names. There are so many new data sources available that all we need to do is organize and curate them in a way that shows us exactly what we want: A list of stocks that are seeing an unusual increase in investor interest.

Whether we're measuring increasing interest based on large institutional purchases, unusual options activity, or simply our proprietary lists of trending tickers... there is a lot of overlap.

The bottom line is there are a million ways to skin this cat. Relying on our entire arsenal of data makes us confident that we're producing the best list each week and gives us more optionality in terms of finding the most favorable trade setups for our clients.

With the market coming off one of its best weeks in a while, there are good-...

In today's chart, we're looking at the strongest sector of the market testing a key level.

Let's get into it.

This week we're looking at a long setup in the Fertiliser & Pesticide Industry.

From the desk of Tom Bruni @BruniCharting

It's been a while since our last post specifically covering Canadian stocks, so today we're updating our list of TSX 60 names with the best reward/risk at current levels.

Let's jump right into it.

From the desk of Tom Bruni @BruniCharting

There was a lot of movement across asset classes over the last week, but more importantly, the market gave us some key inflection points to trade against.

In this post, we're going to look at Precious Metals and review how we should be approaching them.

Do stock market crashes normally happen when investors are expecting one?

I'm pretty sure it's the opposite of that.

Well, this is the chart being passed around this week. We're looking at the United States Crash Confidence Index, where fewer than 15% of respondents think NO crash is going to happen.

So in other words, almost 90% of respondents think "a catastrophic stock market crash in the U.S., like that of October 28, 1929 or October 19, 1987, is probable in the next six months, including the case that a crash occurred in the other countries and spreads to the U. S."