Bigger Picture
The video from Friday morning”s
The video from Friday morning”s non-Livedesk has not yet been sent to me, so I can”t yet upload it. I feel that the software is workable, but the video turnaround time… not so much. We may be stuck with it again Monday anyway. Regardless, enjoy the weekend!
PLEASE NOTE THAT I WILL BE AWAY FROM THE SCREENS THROUGH TODAY”S CLOSE.
Ready for this morning”s non-Livedesk
Ready for this morning”s non-Livedesk Livedesk? Same access instructions as yesterday:
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 11:15 ET. Please post your stock requests to this thread.
Open’s Interest (video) … Fri June 6 2014
This video accompanies today”s Open”s Interest. We”ll have a non-Livedesk Livedesk like Thursday, and hope to have its video turned around in a timely fashion.
Open’s Interest… Fri June 6 2014
Welcome to Open”s Interest for Friday
(Setups and parameters are below, video will be posted later…)
This week”s Universe || Last Open”s Interest || Non-MJ Requests
Our alternative to Livedesk on Thursday while I”m on the road without bandwidth was not entirely satisfying. I”m looking forward to Friday”s! As of this writing, the video of Thursday”s discussion has not been received. I”ll be doing a video regardless, and adding it to the site.
Meanwhile, we had some action in the portfolio and other coverage on Thursday. I pulled out of three stocks, and two others extended recent gains. The monthly Employment Situation report is announced before Friday”s open, which the broader market”s rally on Thursday seems very optimistic about. So optimistic, that it may be difficult to fulfill their anticipation..
.
Enjoy!
| SYMBOL | suppt | resist | target | stop | SETUP |
| FITX |
n/a |
.07 |
.113 |
.056 |
PULLBACK |
| Short attention span for this — NOT buying weakness | |||||
| GBLX |
n/a |
2.18 |
4.75 |
1.85 |
PULLBACK |
| Pullback”s extended depth and duration is disappointing | |||||
| SPRWF |
.07 |
.105 | .15 | .08 | PULLBACK |
| Last chance to snap back up from pullback test | |||||
| BRDT |
.32 |
.445 | .58 | .43 | BREAKOUT |
| Getting through.48 should all but assure .58 | |||||
| TRTC | .44 | .65 | .91 | .67 | BOTTOM FISH |
| Thu”s extra push created room to absorb sell-off | |||||
| MCIG | .375 | .45 | .57 | .51 | BOTTOM FISH |
| Sold Thu, but back above .51 could resume the rally | |||||
| TAUG | .032 | .042 | .055 | .029 | PULLBACK LIMIT |
| Sold Thu, would consider re-buying above .033 | |||||
| TWMJF | 2.75 | 3.05 | 3.75 | 2.65 | PULLBACK LIMIT |
| Raised pullback limit Thu, needs to rally into weekend | |||||
| VAPE | 1.85 | 3.25 | 4.65 |
2.05 |
FALLING KNIFE |
| Flatlining, needs a jolt, raised support — its test must recover to close above the stop on expanding volume | |||||
| -MDBX | 17.95 | 20.15 |
12.25 |
21.30 | PULLBACK |
| Bounce has tested resistance, and held | |||||
| -GWPH | 67.15 |
69.50 |
54.00 | 71.00 | PULLBACK |
| Held test of significant resistance all week | |||||
| ENRT | .13 | .20 | .33 | .17 | UP/DOWN-CRASH |
| Sold Thu as corrective dip hadn”t reacted up | |||||
| ERBB | .029 | .034 | .050 | .032 | UP/DOWN-CRASH |
| Extended higher Thu, adjusted stop upward | |||||
| NVLX | .225 | .290 | .450 | .245 | FALLING KNIFE |
| Removing coverage Fri while awaiting .225 new lows | |||||
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.
Please click your heels together
Please click your heels together three times, close your eyes, cross your fingers, don”t step on any cracks, and throw salt over your shoulder (unless it”s wounded). Then — and only then — follow these simple instructions to help me test a temporary alternative to Livedesk:
1. Go to this web link – https://gmtrial.globalmeet.com/RodDavid
2. Dial in Number – 719.325.2630 (VOIP is also available)
3. Passcode – 860003
(Note if you dial into the meeting, you will need to dial the Host passcode – 8600034)
I”ll first review the sector, and then take questions from the request post, time-permitting. Check the request post for questions or comments about accessing the software.
Starting… Now! (1:30-2:00 ET)