Bigger Picture

I am unavailable to make chart comments today due to travel. Look for updates this weekend to The Universe and to the January Effect candidates. I”ll also reply to every chart analysis request that has been posted in this thread on the Activity Feed.

Thursday”s Livestock covered the following stocks, in the following order, with the following comments (summarized):

ATTBF — Contained pessimism upon retesting .135 support, but its bullishness depends upon not dwelling here and launching a recovery leg.

OCN — Hovering under prior highs and avoiding broader market drop.

WLT — Testing its maximum pullback limit, even if only for a very rewarding corrective bounce.

CBIS — Still holding critical support, but can”t afford to further delay launching a rally.

CDE — Silver doing better.

CLF — Closing back above 7.05 would suggest pullback held. Stop is otherwise 6.65.

GKS — Bigger recovery leg”s correction now testing its pullback limit.

CARA — Still a favorite in the sector, with current hesitation being viewed as pessimism, which is potentially bullish from a contrarian perspective.

IGRW — Never recovered enough to trigger Cup & Handle pattern, and now too far below the Handle to be bullish.

ERBB — Discussed the Triple Bottom pattern.

TWMJF — Pullback limit being tested.

GWPH — Can”t be bullish without closing above 83.

MCIG — Nominal bouncing is not even attacking recovery signal.

INSY — Closing under 39.65 would reject the opportunity to recover above 42 and launch a new rally leg.

SRNA — Just a reminder that volume without price action isn”t bullish.

I”m on my third attempt trying to upload the Livestock video. Here are the summaries, which may not make sense without the video. Third time”s a charm?

?Thursday”s Livestock covered the following stocks, in the following order, with the following comments (summarized):

ATTBF — Contained pessimism upon retesting .135 support, but its bullishness depends upon not dwelling here and launching a recovery leg.

OCN — Hovering under prior highs and avoiding broader market drop.

WLT — Testing its maximum pullback limit, even if only for a very rewarding corrective bounce.

CBIS — Still holding critical support, but can”t afford to further delay launching a rally.

CDE — Silver doing better.

CLF — Closing back above 7.05 would suggest pullback held. Stop is otherwise 6.65.

GKS — Bigger recovery leg”s correction now testing its pullback limit.

CARA — Still a favorite in the sector, with current hesitation being viewed as pessimism, which is potentially bullish from a contrarian perspective.

IGRW — Never recovered enough to trigger Cup & Handle pattern, and now too far below the Handle to be bullish.

ERBB — Discussed the Triple Bottom pattern.

TWMJF — Pullback limit being tested.

GWPH — Can”t be bullish without closing above 83.

MCIG — Nominal bouncing is not even attacking recovery signal.

INSY — Closing under 39.65 would reject the opportunity to recover above 42 and launch a new rally leg.

SRNA — Just a reminder that volume without price action isn”t bullish.

This morning”s Livestock starts at 10:45am ET, and ends at 11:15. The focus will be on subscribers” instant analysis chart requests. That means we”ll cover a lot about patterns and technical indications in the process.

Login info: https://roddavid10.mitel-nhwc.com/join/pcxsrhm

Wednesday”s open has almost immediately retraced all of yesterday afternoon”s rally. If the noon hour isn”t entered with the open”s dip largely retraced, then this afternoon could duplicate the morning”s drop. Meanwhile…
TWMJF — Extending its pullback to test 1.75. Closing above 1.92 would signal momentum reversing up.
ATTBF — Not exactly rejecting the redundant retest of .135, but also not exactly sliding through it. This is not optimal for a bottom.
GWPH — Yesterday”s bounce from probing fresh lows has held another 61.8% retracement. Back under 71 would signal the decline had resumed.
DEWM — Trying to hold its .0032 maximum pullback limit.
INSY — Testing 42 at the open is in position to confirm a new rally leg underway, by closing higher today.