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There are a couple of – If, Then… Market Timing

There are a couple of

There are a couple of double-digit gainers in the Cannabis sector as we come into the last hour. This isn”t runaway enthusiasm, so reducing exposure before tonight”s election results is only a strategic decision — nothing technically or in the charts suggests that a negative knee-jerk reaction down won”t be recovered. Not all stocks have behaved bullishly recently, so beware of being long them at anytime, let alone heading into a major news event.

VPCO has been strong all day, now more than doubling from last week”s dip that held its pullback limit under 1.70.

ATTBF — Finally probed fresh lows, albeit stopping just short of my objective before bouncing. Back above .25 would now be bullish.

TAUG — I noted earlier that yesterday”s dip back to the month-old low has been retraced prior to probing fresh lows, let alone my lower objective.

INSY — Volume is deteriorating into today”s bounce, which isn”t being too successful at retracing yesterday”s drop.

GBLX — Despite already having fulfilled its 1.50 target, the uptrend could still resume so long as pullbacks hold 1.00 as support.