Powell gave an interview discussing concerns that the FOMC has about no job growth. The market appears to read that as rate cuts are back on the table. I don’t personally follow but small caps seemed to like his comments.
Mushroom companies rallied. We only owned NASDAQ:$ENVB. Which we sold this morning. Below the channel, gold diamond Accumulation/Consolidation trigger and for Enveric Bio a bright green alert signal. Obviously, Clearmind Medicine is not one we would have ever traded. You can compare the charts to see why. I realize that looking at these the red circles shouldn’t be red to be consistent since they aren’t risk related. Will fix the code.
And Passages BIO (NASDAQ:$PASG) got FDA’d. The drug appears to work but that doesn’t matter if the FDA is throwing speed bumps.
We still own Passage Bio and are still up thanks to being able to flip earlier in the year. Might have to sit on this for awhile now unfortunately though or take a tax loss and revisit. Have made no decision.
— AJ
Event Horizon Tools
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