TLRY Tilray Stock Drops-Buy the Big Dip? 2-12-21

BEST STOCKS TO BUY NOW

Trading Game Plan: 2-12-21

Cannabis stocks crater as sector rally screeches to a halt

Cannabis stocks fell sharply across the board Thursday, with many of the sector's best performers a day earlier surrendering all those gains. Tilray Inc. TLRY, -49.68% was last down 40%, while Aphria Inc. APHA, -35.82% APHA, -35.99%, with which it is merging, was down 27%.
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Is TLRY on sale at 50% off? No.
But it is worthy of our attention today. Watch today's video as I outline the exact chart pattern I'm looking for before I start to buy this stock again.

The stock market continues to see signs of "distribution" (heavy volume but lacking advancing prices).

Typical market leaders aren't leading the march to all-time highs. So it's not a perfect scenario to feel comfortable.

So that means we need to dig deeper and go on a treasure hunt and fins the hot stocks in the hot sectors.

DIS (Disney) is one such stock. As is TWTR Twitter. Both stocks advanced on earnings this week and look promising for a new swing trade.

PENN declined off fresh highs and sets up a new swing trade. This setup is one of my favorite trades. Be sure to check out the chart.

CRM went into hibernation after it's previous earnings report and it's deal with Slack, but the weekly order flow is starting to look good. In today's video we discuss a new trade with potential to run up to 260.

In total we discuss seven new stock picks for today
Pete