Livestock, December 30, 2014

Tuesday”s Livestock reviewed quite a few Marijuana stocks, as many are currently or recently testing relevant levels or forming influential patterns.* We then reviewed the so-called January Effect stocks, which haven”t had a chance to perform since the year-end rally has sucked the oxygen out of the room. Don”t wait until the last-minute to request a chart analysis of any stock you”re considering for sale to lock-in profit or loss for tax purposes.

*Marijuana stocks reviewed in this order:

STEV – Closing Wednesday above Tuesday”s high would mark a bottom.

TAUG – Recent surge is Double-Topping, can”t afford to hesitate extending.

TRTC – Vulnerable to another 20% (i.e. nickel) dump.

VAPE – Reviewed the definition of downtrend.

CARA – Perpetually on the verge of a breakout.

NLNK (I know, not a MJ stock) – Massive ascending triangle still forming.

MDBX – Nothing bullish about retracing almost to the low.

ERBB – Still forming a massive triple bottom.

DEWM – Fresh low prevents bottom-fishing.

ATTBF – Can”t afford to hesitate rallying.

GBLX – Not distributive, but can only buy strength, not weakness.

FITX – Continuation triangles stopping optimistically preventing a bottom.

MCIG – Yesterday”s surge hit and held resistance.

INSY – Still large potential for bullish resolution.

GWPH – 61.8% retracements continue to reflect distribution.