An interesting morning. Here are

An interesting morning. Here are a few updates, and we”ll do a Livedesk at 11:15am ET…

GWPH — Indicated gapped up and ran $18 to test 64 on a brokerage upgrade. The chart doesn”t justify a bottom at this stage, but that doesn”t matter when Morgan Stanley is on the other side of the trade. Nevertheless, the reaction confirms two big points I”ve been making. First, our marijuana sector had shed pretty much all available sellers at its recent low. Second, the sizable painful pullback would not prevent the sector from gaining bigger interest. I hope that is clear to all.

Anyway, I”ll be monitoring the for a short-entry, more for timing than for price. But, basically, a blip-up to 62.75 would be vulnerable to reacting back down intraday to 54. There is a bigger attraction down to 46.25, which is still vulnerable to being probed for a new low.

Here”s a third big point, previously unmade: The GWPH surge is staling oxygen from the room. ENRT, EDXC, VAPE, FITX, SPLI, TRTC, ERBB, ATTBF, etc. Some members of the sector are doing well, and so should others (not ALL of the others, read today”s Filter This column). It”s a good problem to have, GWPH getting all the headlines for a day.

Other notes:
SPLI — The open”s surge has retraced back into yesterday”s range. The pattern is free to resume its opening surge, but required only to hold support.
TRTC — Nice recovery intraday, even if only momentary, from and opening dip back to yesterday”s lows and into my buy zone (which I still haven”t pulled the trigger on)
ENRT — Probing even further this morning under my .36 support. I”ll buy more just under .30 which is a 61.8% retracement of the upleg.
ATTBF — Retesting yesterday”s lows.
ERBB — RSIs are diverging positively (a favorable technical formation) into the open”s dip, and closing back above .55 should launch the next upleg.