Good morning! The update to

Good morning!

The update to January Effect candidates will be delayed until this weekend, partly because January Effect candidates haven”t been a attracting sponsorship yet. I will be adding Precious Metals related issues, and shuffling some coverage among Energy stocks.

ARNA — popped up sharply yesterday, fulfilling its 6 target at yesterday”s high. A Head & Shoulders pattern had been fulfilled before we resumed focus on the issue during Monday”s recorded Livestox at 3.50. The highest reversal target of the H&S pattern was 5.85. That”s where the stock closed, so a pullback to 5.15 or even to 4.60 has become likely. Otherwise, closing today instead above 6 would target 9.

GWPH — bearish since Nov 20”s Ascending Triangle breakout immediately met its 61.8% extension, and the next session failed to extend higher and confirm. The minimum target would be to retrace at least all of that rally”s upleg back under 58. Each bounce”s retracement held 61.8% of its prior dip, and each retracement was reversed down to lower lows. Pre-open action attacked 50 before reacting up sharply to attack 70. I would have considered buying dips to the 52-54 area for a short-term bounce, but not necessarily if 52-54 isn”t tested this morning.

I”ll update post-open observations in this post”s Activity Feed thread. Please post chart analysis requests there.