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Other updates… TAUG — Not – If, Then… Market Timing

Other updates… TAUG — Not

By Rod David | March 27, 2014 - 12:12 pm

Other updates…
TAUG — Not stalking, but I”m stalking. I had warned about this pattern following mntr into a bigger decline. There were a couple of differences, but not enough to buy weakness. To the contrary, I would buy a positive close today above .083, if not also above the open”s .0905 high.
SPLI — I had been critical of the recent rally, with its big intraday swings barely piercing prior intraday highs while still trekking higher, all despite contracting volume. In today”s video I praised yesterday”s volume expansion. Actually, yesterday”s volume expansion wasn”t. And today”s action is down sharply, retracing almost all of the rally I”ve been criticizing. Soooo, never mind.
RFMK — I”m not going to add this to the portfolio, and it”s really just about price. So, not seeing it there shouldn”t be interpreted as me being bearish on its pattern.
GWPH — Closing under 60.45-62.85 support today would not be bullish. Closing under it again tomorrow would be bearish.
CBGI — Should react up today from retesting .18-19 if a rally can develop anytime soon.
PHOT — My .52 pullback target is being retested. Closing back above .58-.62 would signal that the pullback is done, especially if today”s volume were to expand above yesterday”s today.

Posted in Bigger Picture