Bigger Picture

Livedesk begins this morning at 10:45 ET. Follow the link below, bring any of your own stock chart requests. Be sure your volume isn”t set to “mute.” Stare directly into the monitor. Type questions, don”t yell them. Sit up straight.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/

Last night”s very narrow range is foreshadowing the waning interest ahead of a three-day weekend. That”s not helpful at new highs, where indexes sit. But neither is it a sell signal — not without extending down this morning to suggest that sellers are exploiting the rally”s hesitation.

Join me at this morning”s Livedesk for an overview of the broader market as it tries to defend new highs. I”ll discuss the daily stock signals that are starting after the Labor Day weekend. And we”ll review stock patterns currently of interest.

Meanwhile, look for my post-open observations on this thread in the Activity Feed.

This morning”s open is indicated slightly higher. Ever so slightly. And also still within yesterday”s range. That”s no small victory, at least for the moment. Overnight weakness had threatened a gap down, which would have made yesterday”s session an Island Top.

The other half of the battle is to actually extend the rally. Keep an eye on whether a probe above yesterday”s high this morning is maintained through the noon hour. If any substantial decline intends to begin before the holiday weekend, then it will have to be obvious by tomorrow.

There”s no Livedesk today, so please post your stock chart analysis requests to this thread. I”ll share other post-open observations there, too.

Enjoy!

Did you miss this morning”s Livedesk? The following stocks were reviewed in the following order if you”re interested in fast-forwarding through other names we discussed.
http://new.livestream.com/accounts/7617211/events/2865745

MJMD — Excellent object lesson in not buying dips for the sake of buying dips. The substantiality of the ongoing decline suggests some big news is coming.
CNAB — Needed to hold 1.72 pullback to maintain the triple targeting 2.55 (has since rallied to 2.03 and now much hold 1.86).
EDXC — Still on-track for .055 or lower.
NVLX — Still targeting .215.
MCIG — Completed the retracement of Friday”s surge, fresh lows outstanding.
TWMJF — Source of cash for chasing other Canadian new listings.
EAPH — Still trying to base, but not a predictive pattern.
TRTC — Still targeting sub.30 unless .43 were recovered.
ATTBF — Recovering .45 not likely at this stage.
SPRWD — Closing above .28 and .295 would detour from .125 target that is otherwise in-play.
GWPH — Starting to take too long to exploit the 87 recovery and occasional probes of fresh highs. Closing back under 87 would now target 75-77.
AGTK — Closing above .185 would trigger bigger bounce before reversing to retest lows.
CBDS — Price action confirming the top hasn”t been forming an Ascending Triangle.
STEV — Pessimism alive and well as .12 target is attacked, and pessimism is potentially bullish from a contrarian perspective.
FITX — May have ended the massive distributive Descending Triangle, but hasn”t replaced it with much more buying pressure than would temporarily target .075 or .085.
VAPE — Closing above 2.37 would signal the pullback had likely ended.
BRDT — No buy signal at current levels, and room for the corrective bounce to test .255.
TAUG — Open”s bounce not a new upleg, needed to be retraced entirely before a bottom could even begin forming (since then, the low has been retraced).
ERBB — Time is getting short to recover downtrending resistance and avoid new lows.
VZ — Subscriber request
PPL — Subscriber request
BKW — Subscriber request
AKS — Subscriber request
GTAT — Subscriber request
INSY — Subscriber request
TKMR –Forming a Descending Triangle that has to break higher without delay to avoid a deeper corrective dip to 13.20.
NLNK — Completed its 61.8% retracement of the rally”s last consolidation, room up to 27.07 before signaling new upleg underway.

This morning”s Livedesk begins at 10:45 ET. We”ll review all MJ stocks with any relevant price action — and there are plenty. We”ll do this within the context of learning how one day”s price action can predict future price action, or at least how it can create a filter for interpreting future action as being bullish or bearish.

We”ll also look at new stocks outside of the MJ sector of interest, and their actionable price levels. Bring your own ideas, too, for an instant analysis of their charts.

10:45 ET
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/