Bigger Picture

Today”s one thing is… Record lows (temperature).

I woke up to Saturday morning”s local weather forecast. During the meteorologist and anchor”s banter, one of them noted that the day”s lowest temperature is usually recorded in the minute before sunrise.

If you weren”t already aware, it”s also darkest before the dawn.

Too bad that were not trading sunrises. I have a fairly reliable pattern for that market. (Look out below, the one time that it doesn”t work.)

I”ll bet you thought my point was that the worse conditions seem, the nearer they are to ending. Actually, you would be right. But my bigger point is that nightfall always returns. Perhaps not like clockwork, but nothing trends straight up, or down.

Consider that for a moment, in terms of different “periods.” The implication is obvious for daily bars, which we are most accustomed to viewing. But intraday bars also don”t trend in a straight line. Consider opening surges and dips. These are often retraced through the morning.

As we sit on pins and needles with baited breath, ducking falling knives and dead cats (my daily metaphor quota is depleted), pay attention to opening surges that reverse into negative territory — and then recover to close above the morning”s high. That”s the equivalent of sunrise.

Any less strength is still night.

This is the regular daily announcement for Livedesk, which will begin at 11:00 ET. Livedesk will first cover MJ stocks of interest and of relevance, and then review Non-MJ stock analysis requests.

Before adding your request here, please be familiar with the guidelines for Non-MJ stock requests:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/blog/1143/view/47015/

Livedesk is linked from the left sidebar, or just click here by 11:00 ET:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/

Good morning — Just a reminder as we continue introducing the non-MJ stock reviews, that my daily announcement for Livedesk will be the place for you to make those requests. Prior to that, I”ll add my observations of opening action to the Open”s Interest thread below.

Welcome to Open”s Interest for Monday

Setups and parameters are below…)

I commented on Friday”s SEC warning in the Activity Feed. We have no control over such external actions. We have no reason to be surprised by them, either. We, us. Price action will nevertheless reflect surprise among others. It is our responsibility to determine whether a reaction is too deep to be justified, and then either to exploit it, or to respect it anyway.

QUICK LINKS:
This week”s Universe || Last Open”s Interest || Non-MJ Requests

Enjoy!

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

IGRW .044 pullback ||.057 resistance || .044 stop || .10 target
Comfort level reached regarding volume pace.

Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)

MWIP no pullback || .365 resistance || .315 stop || .495 target
Running out of time to rally out of this “handle,” if that what it is.

TWMJF 2.45 pullback || 2.65 resistance || 2.40 stop || 3.25 target
Wednesday”s key-reversal is being corrected by a dip.

Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)

BRDT .38 pullback || .465 resistance || .34 stop || .695 target
Would give strength more credibility than.

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

none

Not a Charm
(third test of retested low — lower lows coming?)

(- MDBX ) 17.75 support || 20.25 bounce || 22.50 stop || 12.25 target
Dipped back down Thursday ahead of earnings, which read weird.

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

INSY  22.25 pullback || 25.80 resistance || 22 stop || 29.40 target

Met and held its 22 target last week

MCIG .375 pullback || .45 resistance|| .375 stop || .57 target
Bought Thursday, raised stop after Friday.

TAUG .032 pullback || .042 resistance || .029 stop || .055 target
Still testing its pullback range, won”t wait much longer.

TRTC .43 pullback || .48 resistance || .39 stop || .64 target
Earnings and SEC combined on Friday, but held support.

Rocket Launch (sudden explosive interest that gains traction)

STEV .17 pullback || .21 resistance || .14 stop || .21 and .25 targets
Sold half Friday on stop trigger, will cut the rest if not soon firming.

Monitoring
(observations of other stocks of interest)
GWPH covered short… difficult to justify long-entry.
FITX hit a compelling support at Friday”s low.
VAPE fresh low testing 2.00 would qualify for “bottom-fishing.”.

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