Livestock 11/26/2014
This morning”s Livestock discussed January Effect stocks, and the Crude Oil market”s effects on that portfolio”s Energy Sector candidates. We also discussed the following stocks (in order):
ATTBF — compared to TRTC bottom
TWMJF — closing today above 2.26-2.36 would signal the dip is probably only temporary
MCIG — must hold .21-.22 to maintain .28 recovery potential
REDG — catalyst doesn”t seem to have developed yet, pullback must hold .0017
GWPH — retested its breakout, so no excuse to delay resuming the rally
INSY — narrow range isn”t predictive
GBLX — held .525 but must close above .605
CBIS — testing .06 support with room down to .058
DEWM — Tuesday”s .0038 entry now testing .0058, and must recover .0062 on the day it is tested, if ever
OCN — contracting volume on the pullback, held “lower prior highs,” time to resume the rally
CARA — after probing 61.8% back into the low”s base, the pullback has been retraced 61.8%
MGPI — pullback would help this premature breakout create higher targets
ORC — burden of proof is on bulls
MNTR — no discernible pattern
Have a very happy Thanksgiving!
