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Stock updates to end the week… – If, Then… Market Timing

Stock updates to end the week…

By Rod David | May 23, 2014 - 3:05 pm

The three-day holiday weekend has started already in spirit, but stocks are still ticking. Following is a recap of MJ stocks discussed in today”s Livedesk, not including non-MJ requests.

Anyone notice how well the sector is doing, into a (long) weekend, WITH ANOTHER HALT?

I am so appreciative of the great comments you made for the contest during yesterday”s webinar (its recording link). You can still get the special annual term discount here.

Have a safe and happy holiday weekend!

GWPH — Testing 67.75 resistance where the corrective bounce should peak, especially if today were to close negative.

VAPE — Can”t buy new trend low on a Friday, but still monitoring for a potential bottom.

NVLX — Retesting its .255 support, which I”m interpreting as a new trend low, so now looking for .225 where the Up/Down-Crash setup might trigger.

ENRT — Fresh low today would keep alive the Up/Down-Crash sequence.

TWMJF — Still testing the preferable pullback limit, monitoring for strength.

FITX — Gap back to .066 resistance might be tested, but its recovery won”t be easy.

ERBB — This stage of the rally relies on extreme optimism, so just touching yesterday”s high would undermine the rally”s momentum

MCIG — Having retested the breakout point and origin of Tuesday”s surge, there is no excuse for further delaying an upleg to fresh highs.

AGTK — Introduced yesterday morning as an Up/Down-Crash candidate, extending higher today.

TRTC — Must close back above .403-.430 to negate its attraction in-play to sub-.30

ATTBF — Described how the .51 target was derived, and why its test could surge to 1.30

PHOT — Reiterated that the next lower objective under .135 was .05, which is being met today.

CBGI — I won”t be able to offer any relevant numbers on this pattern.

MDBX — I”m definitely monitoring for a re-entering the short.

Posted in Bigger Picture