Bigger Picture
Open’s Interest… Tue June 10 2014
Welcome to Open”s Interest for Tuesday
(Setups and parameters are below…)
Last week”s Universe || Last Open”s Interest || Non-MJ Requests
Reminder: This week”s universe will be updated Tuesday, and I”m off the road until Weedstock (
discounts are still available by entering the code “MSTT” at checkout). We”re having a Livedesk Tuesday morning.
Coverage is not expanding today. On Wednesday, expect it either to shrink considerably, or to expand considerably, at least into the weekend. While several higher-profile stocks have extended down to their long-standing lower targets, other recent bounces are faltering. Either they”re all about to attract new sponsorship, or else they”ll spend at least a couple more days seeking out lower support.
There is no video today, so be sure to join us for the mid-morning Livedesk.
.
.
Enjoy!
| SYMBOL | suppt | resist | target | stop | SETUP |
| EDXC |
n/a |
.12 |
.18 |
.105 |
PULLBACK |
| One chance to hold retest of recent low, and this is it | |||||
| GBLX |
n/a |
2.00 |
4.75 |
1.85 |
PULLBACK |
| Mon”s gap up and surge largely retraced into the close | |||||
| BRDT |
.32 |
.445 | .58 | .43 | BREAKOUT |
| Mon”s plunge delays extension higher, so sold long position | |||||
| TRTC | .44 | .65 | .91 | .67 | BOTTOM FISH |
| Plunge is attacking the decline”s original target | |||||
| TWMJF | 2.75 | 3.05 | 3.75 | 2.65 | PULLBACK LIMIT |
| Mon didn”t extend last week”s drop. So, there”s that | |||||
| VAPE | 1.85 | 2.05 | 4.65 |
2.05 |
FALLING KNIFE |
| Mon”s intraday bounce failed to recover back above support | |||||
| -MDBX | 17.95 | 20.15 |
12.25 |
21.30 | PULLBACK |
| Bounce has tested resistance, and held | |||||
| ERBB | .029 | .034 | .050 | .032 | UP/DOWN-CRASH |
| Tested stop Fri, but not bearish if original .029 support holds | |||||
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.
Monday’s non-Livedesk
That was fast. The recording for today”s non-Livedesk was turned around already. I almost want to give the software another chance, but two out of three is bad.
Anyway, this morning”s video is available now. Add any follow-up questions to this thread.
Enjoy!
Ready for this morning”s non-Livedesk?
Ready for this morning”s non-Livedesk? Same access instructions as Monday:
1. Go to this web link – https://gmtrial.globalmeet.com/RodDavid
2. Dial in Number 719.325.22630 (VOIP is also available)
3. Passcode 860003
(Note if you dial into the meeting, you will need to dial the Host passcode – 8600034)
We”ll start at 11:00 ET. Please post your stock requests to THIS thread.
Open’s Interest… Mon June 9 2014
Welcome to Open”s Interest for Tuesday
(Setups and parameters are below…)
Last week”s Universe || Last Open”s Interest || Non-MJ Requests
Reminder: This week”s universe will be updated Tuesday, and I”m off the road until Weedstock (
discounts are still available by entering the code “MSTT” at checkout). We”re having a Livedesk Tuesday morning.
Coverage is not expanding today. On Wednesday, expect it either to shrink considerably, or to expand considerably, at least into the weekend. While several higher-profile stocks have extended down to their long-standing lower targets, other recent bounces are faltering. Either they”re all about to attract new sponsorship, or else they”ll spend at least a couple more days seeking out lower support.
There is no video today, so be sure to join us for the mid-morning Livedesk.
.
.
Enjoy!
| SYMBOL | suppt | resist | target | stop | SETUP |
| EDXC |
n/a |
.12 |
.18 |
.105 |
PULLBACK |
| One chance to hold retest of recent low, and this is it | |||||
| GBLX |
n/a |
2.00 |
4.75 |
1.85 |
PULLBACK |
| Mon”s gap up and surge largely retraced into the close | |||||
| BRDT |
.32 |
.445 | .58 | .43 | BREAKOUT |
| Mon”s plunge delays extension higher, so sold long position | |||||
| TRTC | .44 | .65 | .91 | .67 | BOTTOM FISH |
| Plunge is attacking the decline”s original target | |||||
| TWMJF | 2.75 | 3.05 | 3.75 | 2.65 | PULLBACK LIMIT |
| Mon didn”t extend last week”s drop. So, there”s that | |||||
| VAPE | 1.85 | 2.05 | 4.65 |
2.05 |
FALLING KNIFE |
| Mon”s intraday bounce failed to recover back above support | |||||
| -MDBX | 17.95 | 20.15 |
12.25 |
21.30 | PULLBACK |
| Bounce has tested resistance, and held | |||||
| ERBB | .029 | .034 | .050 | .032 | UP/DOWN-CRASH |
| Tested stop Fri, but not bearish if original .029 support holds | |||||
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.
Friday’s non-Livedesk
Here”s the video to Friday”s non-Livedesk. I like the software and there being no 17-second delay, but the video turnaround time… not so much. Regardless, we”ll use it one more time Monday morning.
The presentation precedes TRTC”s afternoon plunge, during which I was away from the screen. All I can say is, Wow. I wasn”t anticipating a plunge, but the upleg had clearly ended, and I hope that was clear from my comments here, in videos and in Livedesks over the past several sessions. My last comment on the last thread is unaffected, that the pattern isn”t changed by the plunge:
“The bigger pattern continues to target .91. The upleg getting there hasn”t yet been signaled. The NV hearings are discounted by the pattern.” I”ll have more on this over the weekend.
