From this season chart of Aurora we can see that the odds of the month closing higher is broken down by month, where the taller the bar on the graph the more frequent that month consisted of gains, whereas the smaller the bar implies that fewer gains or a loss have typically occurred during that period. What is very surprising in this case is that the old wise tale of "sell in May and go away" seems to hold for Aurora thus far. It appears that the end of summer and come into September things pick back up. Perfect timing for us if you are bullish and reading this now. Will history repeat? Stay tuned, combine your stocks seasonality with your other preferred indicators and let's find out.
Keeping up to date with trends and major news:
Now this one might seem a bit obvious, but keeping up to date with major news and events can indeed help you better understand what is shaping the markets. This can range from company-specific news such as the bombshell that CannTrust dropped on the sector when it was discovered that they were growing in unlicensed rooms. This news set a bit of a sour tone for the industry having people asking who else might be doing this and thus most companies in the sector took a bit of a fall along with this news. However, the opposite can be true. There is a bit of a buzz surrounding Canadian LP’s being able to launch edibles and also MSO’s as we inch more and more towards legalization in the States. While this isn’t necessarily technical analysis we can help use news and events to help us paint a better picture of what is taking place and help us figure out if there is indeed a bottom coming.
Social Media:
On Social media, I asked people what their preferred signals were that a bottom is in.
There were many great answers and thoughts provided here. However, one response that stood out to me from a non-technical perspective read as follows “When Twitter is quiet”. This makes sense, as no one is left complaining about their stocks free falling. Now some people prefer to use social media to help find out what people are influenced with and what is trendsetting and go with the flow, however, some others like to take a contrarian approach. Regardless of your approach, there is no denying that if used correctly that social media can help you spot trends and prepare for reversals sooner than you may have otherwise done without.