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Good morning! Some interesting news – If, Then… Market Timing

Good morning! Some interesting news

By Rod David | July 17, 2014 - 9:23 am

Good morning! Some interesting news releases out since yesterday”s close, on stocks that have had accumulative patterns, and corrections to those patterns…
NTRR — Hit big resistance in the .55 area during Weedstock 2-1/2 weeks ago. Its reaction down to .33 one week later has consolidated for since then. Closing today above .395 would target .45 and then at least a retest of the .55 area.
ERBB — Sitting on the precipice under .0245, threatening .0225, which has no bullish reason to be revisited. With seemingly positive news out, the delay in extending down must be rewarded immediately, and sustained. Otherwise, support will likely fail.
AERO — Since rallying from 4.25 to 7.00, a pullback has been consolidating around 5.97. Any immediate gain would cross a downtrending resistance targeting 8.72.

I”ll review the patterns behind these setups in this morning”s Livedesk. (Don”t forget about this evening”s Livedesk Unlimited at 6:15 ET.)

Posted in Bigger Picture