Bigger Picture

Today”s Livedesk Unlimited begins at 4:30 ET. We”ll start with an overview of the broader market, which should be very timely since overnight strength had moved to within a blip-up from fulfilling the target of the past week”s rally. Currently, the reaction to weekly Jobless Claims has pushed price back down.

Meanwhile, MJ stocks haven”t performed well during the past week while the broader market rallied. Be sure you know the relevant supports that I describe during all Livedesks. We”ll review them again today, but feel free to ask about any that aren”t on my usual list.

We”ll review non-MJ stock requests, too, without time constraints. As always, I”ll include the technical and charting insights that contribute to the analysis so you can learn these techniques. Meanwhile, make any requests that can”t wait in this thread on the Activity Feed, where I”ll also add my post-open observations.

This morning”s Livedesk covered quite a few MJ stocks after discussing the market”s condition and outlook. We also discussed several non MJ stocks, including one that is currently testing critical support. Watch the recording here:
http://new.livestream.com/accounts/7617211/events/2865745
(in order)
TAUG — Back above .-28 should surge noticeably if yesterday”s big bounce has legs.
ERBB — Closing above .016 would signal that last week”s high-volume rally was done correcting and ready to resume.
TRTC — Only closing above .403 would begin to relieve the near-term potential for probing under.30.
CNAB — Closing under 1.06 opens the door to .34, unless 1.17 is recovered.
FITX — Starting to spend a little too much time hovering at support instead of rallying.
AGTX — Pullback must hold .215-.217 if tested to maintain potential for another recovery leg.
BRDT — Pullback must hold .29-.30 to launch another upleg like Tuesday”s.
ATTBF — “Not so charming” Descending Triangle pattern breaking lower and can”t be bought any higher than .33.
MCIG — Bouncing prematurely, likely to probe fresh lows for the year.
NVLX — Closing under .26 would put into play the original .215 target whose first test had reacted up so aggressively.
GWPH — Closing above 91.40 would target 117, while back under 84 would target 75-71.
VAPE — Holding pullbacks at 2.65 and closing above 2.91 offers an attractive Risk:Reward long.
INSY — Above 34.50-35.50 would target 40.45 and potentially 45.70.
SPRWD — Close above .326 and .345 wold negate the dip underway targeting .125.
STEV — At least one more leg higher, through .11 targeting .138.

Also discussed were MGPI, IRBT, PRBR and TKMR. The last stock discussed has been surging on its Ebola vaccine, and pulled back today to critical support.

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

We”ll start with a market overview, review MJ stocks, and then look at other interesting plays.

Iiiiiiit”s baaaaack… Internet access is restored, and the market has rallied sharply overnight. Two out of three ain”t bad? A trifecta would be nice, if MJ stocks were to pick up the pace, too.

The day is young.

BRDT closed above .302 yesterday to suggest a bigger bounce underway to attack .40. It is slightly weaker at the open.. TAUG closed above .028 to also suggest a bigger bounce underway to at least .038. Its opening weakness has so far remained above yesterday”s opening print.

Be prepared for this morning”s 10:45 ET Livedesk. I”ll send a reminder before it begins. BYOS (bring your own stocks for instant chart analysis and actionable parameters).

PROGRAMMING NOTE: My internet access is down, and I”m using an alternative that seems a little spotty in its service right now. I”ll have an update as soon as possible, and will address any analysis requests then. Thank you for your patience!