Thursday’s Market Retreats

Broad market weakness returned today, wiping out all of yesterday’s gains and more. Uncertainty contributes to price confusion and volatility. This action indicates that investors are struggling with the current market and economic variables.

MJIC Marijuana Index and Benzinga 420 Marijuana Index both succumbed to selling pressure with a decline of 3.7% and 0.8% respectively.

Daily Positive – The market day has ended, so we can stop seeing red on our screens

Daily Negative – Worthless press release out of Neutra Corp (NTRR) about an opportunity in NY of no consequence. Launch a product or move on. These are the types of press releases that do not add any value.

Good news today with regards to oversight of the OTC marketplace, which is sorely needed. FINRA is closing down the OTCBB, which was the old way OTC stocks were traded and is hoping to institute greater oversight with regards to the OTC market. You can read more on that update here.

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