Last week of the year gets underway.

I”ll be updating charts and parameters on Wednesday. Meanwhile, this season”s January Effect is living up to its name. That is, assuming it”s still coming.

The rich get richer, and the poor get poorer? With stocks, the strong have gotten stronger, and the weak have gotten weaker. December”s gains earlier market gains can”t be considered a traditional “Santa Claus rally” since the rising tide didn”t lift all boats. Rather, it was focused more on leaders and middlers. Laggards fell further behind.

Crude Oil”s near-term rally potential lies almost entirely on either entering or exiting the weekend rallying sharply. Rallying into the weekend is no longer an option.

Marijuana stocks have definitely been included in the spotlight of 2014 reviews, but not always favorably. And the Nebraska-Oklahoma lawsuit against Colorado is getting a higher profile now, too.

Precious Metals initially slid last week. All of that ground has yet to be recovered, but our silver mining stock continues to improve. That suggests the sector my be positioning for its underlying commodity to rally.

Specifically, my suspicion about ARNA was confirmed. As was NCT”s potential Head & Shoulders pattern trying to form. OCN pierced its stop and lost 50% from there. CBIS had become unattractive already, but the drip-drip-drip suggests a bigger capitulation coming.

Don”t hesitate to ask for any update on any issue — especially this week when year-end tax moves are being considered.