Several observations to consider as

Several observations to consider as the close approaches:

DEWM — Extending to fresh highs after last week”s 61.8% pullback to .0025. The target is being attacked in the .0059-.0065 area.

FITX — The room for noise above its 61.8% retracement bounce is .033-.036, which was pierced this morning. Its reaction down is testing the original 61.8% retracement, which was .0285. Closing any lower would signal the bounce had ended.

GBLX — Finally producing the pattern”s required new low. But beware of new lows at this time of year, which can extend indefinitely. A durable rally must be preceded by a bottoming pattern or some other setup that suggests the trend is ending.

IGRW — Volume isn”t improving, but should start expanding above .0062 if the Cup & Handle programmed we discussed yesterday is playing out.

We”ll review these and other Marijuana stocks, as well as our January Effect candidates, during Wednesday morning”s Livestock.