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Good morning! Friday afternoon”s rally – If, Then… Market Timing

Good morning! Friday afternoon”s rally

By Rod David | September 29, 2014 - 9:27 am

Good morning! Friday afternoon”s rally was substantial, facilitated by the lower volume environment of a Friday afternoon. It has been retraced entirely overnight. Entirely, and then some, back under the level that had launched it.

Meanwhile, many MJ stocks rallied significantly into week”s end. Will they be undone, too? As I noted at the time and in The Universe, many were oversold bounces, not coming from basing but retracing recent drops to new lows. This morning”s action will be interesting, but today”s closes will be telling.

Somewhere in between will be our 10:45 ET Livestock. I”ll send you a reminder before it starts…

Posted in Bigger Picture