Livestock 12/11/2014

Thursday”s Livestock covered the following stocks, in the following order, with the following comments (summarized):

ATTBF — Contained pessimism upon retesting .135 support, but its bullishness depends upon not dwelling here and launching a recovery leg.

OCN — Hovering under prior highs and avoiding broader market drop.

WLT — Testing its maximum pullback limit, even if only for a very rewarding corrective bounce.

CBIS — Still holding critical support, but can”t afford to further delay launching a rally.

CDE — Silver doing better.

CLF — Closing back above 7.05 would suggest pullback held. Stop is otherwise 6.65.

GKS — Bigger recovery leg”s correction now testing its pullback limit.

CARA — Still a favorite in the sector, with current hesitation being viewed as pessimism, which is potentially bullish from a contrarian perspective.

IGRW — Never recovered enough to trigger Cup & Handle pattern, and now too far below the Handle to be bullish.

ERBB — Discussed the Triple Bottom pattern.

TWMJF — Pullback limit being tested.

GWPH — Can”t be bullish without closing above 83.

MCIG — Nominal bouncing is not even attacking recovery signal.

INSY — Closing under 39.65 would reject the opportunity to recover above 42 and launch a new rally leg.

SRNA — Just a reminder that volume without price action isn”t bullish.