Bigger Picture

Follow the link below at 10:45 for this morning”s Livedesk. There”s a lot of interesting movers to update, and some up-and-comers to visit. Also, add your requests for an instant analysis of any stock to this post”s thread in the Activity Feed.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/

Interesting stocks for the week going forward include two I highlighted last week (PLPL and STEV) along with a new name (MJMD) and several ongoing stocks of interest (ATTBF, CARA, TAUG, VAPE, VPOR).

Following are several comments from the previous thread regarding active stocks today…

VAPE — (Post-open) Not going to get my 2.07 re-entry, already testing its next higher target at 2.55 (by a nickel). Volume is light, but holding 2.37 as support could extend to 2.88… (This afternoon) Nice correction of the noon hour”s surge, holding the 2.37 resistance that triggered yesterday”s sell. Now testing 2.48-2.51 resistance, which this pullback has made relevant if recovered through the close.

TAUG — Has it finally broken out? The past week has been very accumulative, and now surging above .05 to .053 on expanding volume would signal a new upleg underway if held through the close.

GWPH — Close above 91.20 would launch an upleg targeting 101-102, potentially the resumption of the rally targeting 117.

ATTBF — Generally when the stock market is having a bad day, story stocks produce outsized gains since they are like an oasis in the desert. ATTBF has that potential, especially now that it is OTC. By the same token, having that extra potential, I would not allow much hesitation or retracement.

SPRWF — Prior highs and prior targets will usually be resistance (or support) when encountered later. There”s a lot of upside put into play by closing above .12. And a test of .12 is probably put into play by closing above .08 (being tested now). My only concern is today”s volume is contracting, currently only half of yesterday”s total.

Last night”s Livedesk Unlimited was comprehensive. I reviewed many MJ stocks — not the entire Universe, but those that I think are reliably responsive to the sector”s trends and predictive or reflective of its interest among investors. Its link is below.

Meanwhile, the stock market will open flat this morning. Before letting that lull is into complacency, remember the first hour is once again a critical window to gauge the session”s true intent. I”ll add post-open observations to this thread. Join me!

http://new.livestream.com/accounts/7617211/events/2865745

Busy? No? Great! Meet me in the Livedesk (linked below) in 15 minutes for the weekly Thursday Unlimited. That”s 6:15 ET. Add your stock requests to the thread below, or mention them in the accompanying chat.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/