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In this afternoon”s special Livedesk – If, Then… Market Timing

In this afternoon”s special Livedesk

By Rod David | August 1, 2014 - 3:02 pm

In this afternoon”s special Livedesk I described how the price action entering this weekend is creating an inflection point, likely either to surge out of the weekend, or else to suffer greatly. It”s not as bearish as my April 4 call on the MJ sector, but only because that pattern was breaking an uptrend, whereas this pattern is breaking another support. Thinly traded stocks are at the greatest risk in that latter instance.

We discussed TURV, INSY, MJMD, ATTBF, AGTK, ENRT, GDX, SIL and PSAU, then addressed stock chart analysis requests. The recording”s link is below… Check this thread in the Activity Feed for my pre-close comments about the market”s prognosis going into the weekend.

Posted in Bigger Picture