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Livestox, January 15 2015 – If, Then… Market Timing

Livestox, January 15 2015

By Rod David | January 15, 2015 - 1:31 pm

Thursday”s Livestock began with an overview of the recent MJ sector rallies, and their counterparts. Upside examples were CANN MNTR, MINE and ERBB. Their counterparts — i.e. stocks seemingly ignorant of the nearby buying pressure — include ATTBF, AGTK an TRTC.

If the broader market”s decline continues any further, then the MJ leaders will start giving back recent gains. Stocks that haven”t participated, or worse yet are scraping support, could capitulate down sharply. But if the broader market starts to recover, then MJ stocks would STILL be every bit as vulnerable to selling pressures.

Next, we focused on the broader market”s pattern. It”s not pretty. Indexes have dropped to their precipices, where a gentle breeze could blow them off of their cliffs. After discussing FEYE and GWPH, short-entry suggestions were described:

NFLX
319.55 support
328.35 resistance
264.00 target

AAPL
107.30 support
109.35 resistance
88.00 target

AMZN
285.00 support
297.00 resistance
252.00 target

PCLN was discussed, too. At the 38:30 mark we looked at member requests for instant chart analysis. These were addressed in this order:

INSY, Metals, NEM, CDE, IA, CANN, CANV, MNTR, OXIS, Crude Oil, CLF.

As a reminder, I must be away from the screens for today”s last hour.

Enjoy!

Posted in Bigger Picture