Could it be that the

Could it be that the entire world”s attention this weekend was tuned to football openers? Overnight action has been more overnight than action. Gradually slipping prices erased all of Friday”s late surge. That still leaves much of the intraday recovery intact, and free to attract post-open buyers who may be more impressed by Friday”s new trend high close.

Greeting the new week too enthusiastically can often prove to be a sentiment extreme. Gapping up is one risk. Delaying fresh high until after the open is another, although less so. MJ stocks didn”t do poorly while Friday”s market was trying to attract buyers. Perhaps indexes struggling a little more to extend today would help MJ stocks probe higher this morning.

I”ll add my post-open observations to this post”s thread in the Activity Feed. Look for a reminder about this morning”s 10:45 ET Livedesk.