McGuireTO

04:00

McGuireTO Updated 

Watching CHWY for a test of the resistance in the 35.50 area. Best case scenario for the bulls would be an initial rejection to form a daily higher low off of daily EMA supports and then a weekly breakout, having us look back to all time highs. That said, bulls remain in full control as long as the hourly uptrend remains in tact.

18:52

McGuireTO

Very good bounces from the lows, but we've seen this before and charts broke down to lower lows. Is this time different? We don't know yet. When the hourly uptrends are lost then our daily tops will be in, and we will watch for healthy consolidation and hourly trend changes back to the bulls to tell us that daily consolidation is over. From there, bulls must...

04:41

McGuireTO

AMAG bears only have two more levels to stop out at. With a 44% short float, we can anticipate a bit of a squeeze when these resistances start to break

05:19

McGuireTO Updated 

Watching AG for a breakout on the weekly chart. Ideally want to see 2mill volume in the first hour to allow us to disregard hourly overbought rsi to some degree until closer to the upper 70s. Lack of resistance in this area because of the significance of the dump years ago. Be aware of overbought weekly chart and extended monthly chart.

02:53

McGuireTO Updated 

NWL trying to break out on the weekly chart with a 4hr cup and handle just below key resistance.

19:56

McGuireTO

Weak bounce attempts on the daily so far on most names. Notable CURA reaction to earnings, watching hourly lower highs on each bounce attempt. Continuing to watch resistances on the daily charts and supports on the weekly and monthly charts.

19:54

McGuireTO

Weak bounces from Thursday with no followthrough on Friday have us looking back to our recent lows for a support test first thing next week. I find the CGC chart as it stands now looks a lot like the NIO chart did back in early June, and the subsequent basing pattern of consolidation is all I expect for the sector after the eventual bounce does play out. We all...

06:33

McGuireTO

FSLY has generated a lot of buzz this week. Is it a good buy now? Here are my thoughts

08:36

McGuireTO

Another week int he S&P failing to close a candle above our breakout level, and the weekly chart is setting up like the market wants lower. Zooming into the daily we can see that our current tightening equilibrium break just might be the signal for direction for the rest of the year

14:45

McGuireTO

I had two great short trades on FL today just riding the momentum. Here's what got me into the trade, and what got me out of it

19:23

McGuireTO

Some 4hr setups and a lot of chop. IAN bearish below 3.50. Clear EMA resistances on most names on some timeframe

20:00

McGuireTO

4hr chart for best clarity, clear lower highs on most names. TLRY, TGOD and APHA standing out Top bull VFF potential to lose daily uptrend, just looking for a weekly higher low

19:24

McGuireTO

Weakness today in US MJ Not a lot of clarity on most timeframes Some support tests likely on deck

17:09

McGuireTO

Lots of inside bars in Canadian MJ, some breaks with no follow through, and clear resistances levels Top bull VFF potential to lose daily uptrend, just looking for a weekly higher low

18:45

McGuireTO

US MJ - CURA CWEB TRUL OH CL MMEN IAN HARV GTII Very disappointing day to see the sector correlate to bad CGC earnings more than TRUL positive earnings - including TRUL itself! We keep seeing these little hints of momentum shifts but the bulls HAVE TO follow through or they're proving nothing to us. And so far they're proving nothing to us

19:29

McGuireTO

CGC CRON ACB APHA TLRY VFF HEXO TGOD OGI CTST This are getting extreme - price action, fear, indicators. Sector wide sympathy dump on the back of CGC earnings has some names more extended than others, and other names not really doing much of anything at all.

19:39

McGuireTO

Inside bars on many names, some names scoring big victories in the face of significant market weakness and significant weakness in the Canadian cannabis names. Significant bearish reaction after hours to poor CGC earnings, contrasted with very positive TRUL earnings. Let's see what happens tomorrow, here are the levels.

19:32

McGuireTO

CGC CRON ACB APHA TLRY VFF HEXO TGOD OGI CTST CGC earnings reaction significantly bearish - not what the bulls were looking to see as they try to shift momentum in the sector