Bigger Picture

There is no Livedesk today. Please post any chart analysis requests to this thread on the Activity Feed, and I”ll start addressing them there. Be sure to check the prior thread (Open”s Interest) where quite a few requests have been addressed already. Thanks!

Welcome to Open”s Interest for Friday

(Setups and parameters are below)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

Another market downdraft on Thursday threatened to resume Tuesday”s plunge… TAUG touched its .036 target and reversed down sharply. I”ve raised the stop for those subscribers that might be interested in remaining long. But the buying pressure I was tracking under .022 is fulfilled… SEC halts are a reality, but they”re not predictable. I would hope that we”re not being mislead by any companies, but ERBB remaining depressed into Thursday”s close suggests the market is skeptical. Perhaps making it through the open will trigger a relief rally, but support can”t afford to break lower.

There is no video with today”s Open”s Interest. I hope to have a Livedesk Friday, but I suspect that won”t be possible. Stock analysis questions will be addressed regardless…

..
Enjoy!

Breakout
(consolidations or basing that is forming an accumulative pattern )

Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)

Pullback Limit

(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

Bottom Fish

(basing after extended decline — not really a “trade”)

(breakdown unconfirmed a 2nd day — only buy strength)

Third-day Surge

(2-day surge to fresh highs at risk of peaking — don”t chase higher)

Not a Charm

(third test of retested low, triangle — lower lows coming?)

Falling Knife

(trying to catch the reaction to a steep drop — ouch)

Rocket Launch

(sudden explosive interest that gains traction)

Monitoring

(observations of other stocks of interest)

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.

Let”s have an earlier Livedesk and begin at 10:45 ET. There”s no post-close “unlimited” session today, and the market is doing its thang, so why wait. Anyway click the following link by 10:45, and place your chart analysis requests and other questions in this thread on the Activity Feed. Thank you!
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/

A lovely open… S&Ps are probing under Tuesday”s low and re-attacking last Wednesday”s FOMC low (where the decision was released that had triggered the afternoon”s surge into new highs). The Dow is relatively lower, under its comparable level. But NDX is outperforming, which is most equivalent to the MJ sector. I”m still not a seller. Nonetheless, I”ll be monitoring more of this morning”s open before buying anything.