Cannabis Stocks The Ultimate Sector Gauge for Traders

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Welcome to Clover Trading, YouTube fam! I’m Mike Huddy, and today, we’re diving into the world of pot stocks. Ever wondered if you can ride the highs of trading these stocks? Stick around because we’ve got some fascinating insights for you.

First off, you’ve got to understand that trading pot stocks is a rollercoaster ride. Most of these companies are far from profitable, constantly in need of funding, and weighed down by regulations. So, why do they sometimes skyrocket by 1,000%? Well, I’ve got my eyes locked on election years, and here’s why: Pot stocks love to surge during significant legislative moves, often tied to elections when parties are vying for votes.

But why does this happen? Well, since many of these pot stocks aren’t stellar investments, they end up being undervalued with small market caps. When they start to gain momentum, shorts get squeezed, and the cycle continues. It’s like clockwork.

Fast forward to September 2023, and I’ve been banging the drum in the Clover room, telling everyone to watch out because an election year is looming. Pot stocks are down 99% from their highs, and I’m itching to see what news will trigger their ascent. Just recently, we got our first piece of legislative news: “The Cannabis Rescheduling Recommendation.” What’s exciting about this? Well, it suggests more liquidity, potential stock listings, and fewer regulations. In essence, it opens the door for more favorable legislation, which is precisely what I’m looking for in an election year.

Now, let’s be clear – I’m not treating these as long-term investments. I’m here for the momentum leading up to the election. There are several catalysts in play, and I’ve had my eye on these pot stocks for a while. It seems like the rest of the world is catching on as they’ve started to climb on the back of this news.

In this video, we’ll also delve into the main runners like Canopy Growth (CGC) and Aurora Cannabis (ACB). They’ve shown incredible gains recently, and I’ll show you why. But remember, this isn’t a guaranteed long-term bet. It’s all about catching the momentum at the right time.

So, can you get high off pot stocks? Well, check out the charts, and you’ll see that it’s entirely possible. CGC, for instance, experienced a substantial breakout, and ACB has a history of explosive growth tied to legislative news.

These are just the tip of the iceberg. For a comprehensive list of the pot stocks I’m watching, hop over to clovertrading.io, and join our Discord watchlist section. These are the stocks with significant volume and potential, the ones I’m using as my sector gauge.

Don’t miss out on what could be a golden opportunity for traders. It’s an exciting time in the world of pot stocks, and we’re here to help you navigate it.

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Follow the Clover Trading Team:

Jack Kellogg: https://twitter.com/Jackaroo_Trades
Kyle Williams: https://mobile.twitter.com/traderkylec
Mike Huddie: https://mobile.twitter.com/MikeHuddie
Dominic Mastromatteo: https://mobile.twitter.com/Dom_Mastro10

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