From the desk of Steve Strazza @sstrazza and Grant Hawkridge @granthawkridge
Marijuana stocks have been smoking hot over the trailing quarter, with the Alternative Harvest Marijuana ETF $MJ more than doubling since the election on November 3rd.
Considering this new leadership role over the near-term, today we’re going to do a follow-up on our last deep dive into the space, which we published last fall.
Back then, we were simply looking for a bottom and mean reversion move higher, which we got… Now, with the industry making new highs, we want to see how things are looking on both an absolute and relative basis.
And as always, we’ll check in on some of our past trades in the space and highlight today’s strongest stocks, along with trade setups skewed in our favor that we want to use to express our bullish thesis.