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Market note: Approximately 5:6 MJ – If, Then… Market Timing

Market note: Approximately 5:6 MJ

By Rod David | July 8, 2014 - 3:36 pm

Market note: Approximately 5:6 MJ stocks in the red vs. green, which is a significant shift from the open or from prior sessions. This comes after significantly extending GWPH”s drop. Not coincidentally, today brings Washington state on-line, which recent MJ stock rallies clearly discounted. Wednesday”s price action should be more revealing, and could produce a better pullback to resume the sector”s recovery. But I wouldn”t exactly rush to be long into today”s close.

Posted in Bigger Picture