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I don”t see news on – If, Then… Market Timing

I don”t see news on

By Rod David | July 28, 2014 - 9:26 am

I don”t see news on GWPH, but it is trading higher during pre-market, above Friday”s highs. If that”s indicative of this morning”s sentiment, then MJ stocks should be amenable to bouncing. Especially those MJ issues I”ve noted as being most susceptible to a bounce, and those issues that must bounce very soon to avoid much deeper declines (AGTK, CANN, CARA, ENRT, EDXC, SPRWF, VAPE).

After probing fresh lows overnight, index futures are slightly positive pre-open. But not positive enough to avoid retesting the overnight lows. If a rally isn”t extending higher through the first half-hour, then Friday”s lows are probably already being probed.

I”ll add my post-open observations to this thread in the Activity Feed. We”re aiming for 10:45 ET to do this morning”s Livedesk, and there should be a lot of interesting observations.

Enjoy!

Posted in Bigger Picture