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The overnight drop”s complete recovery – If, Then… Market Timing

The overnight drop”s complete recovery

By Rod David | July 17, 2014 - 11:50 am

The overnight drop”s complete recovery was just that, complete. Bad news in the Russia-Ukraine theater has retraced the market back to its overnight low.

Is this just an understandable knee-jerk reaction, or is it the pin prick into the overly inflated balloon that has been facilitating a freakishly speculative environment? Rally defenders would say that this event — and the reaction to it — is just another reason to expect more easy money. There was a day, long ago, that I would have laughed at that statement.

In reality, anything that undermines Fed Chair Yellen becoming less dovish this week would be bullish for the market. Regardless, be sure you”re aware of the relevant levels in any MJ stocks you own. Today”s Livedesk (linked below) touched on several active situations:
EDXC, STEV, VAPE, SPRWF, MJMD, ATTBF, CARA, TAUG, ENRT, AERO.
http://new.livestream.com/accounts/7617211/events/2865745

We”ll go into much greater detail in this evening”s Livedesk Unlimited at 6:15 ET. Request an instant chart analysis of any stock you own. See you there!

Posted in Bigger Picture