Bigger Picture

Livedesk at 10:50 ET.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/1129/

Following are some of my comments made to the prior thread:

TRTC — Strong out of the gate, testing .43 resistance while volume expands. Pullbacks need to hold .40 for the strength to gain traction.

GWPH — Also strong out of the open and testing 70.55 resistance. Back under 69 would suggest the surge was absorbed and is being rejected. The short is at risk of being covered otherwise. Posted just now ­

MCIG — Big opening dip to .342 attacking the OI .34 pullback objective, and then snapping back up to .36. That action would suffice to form a bottom. A pullback has room to .35 before suggesting that the bounce extends.

TAUG — As described in the OI video, its .027 pullback parameter wasn”t a typo, despite that being tested at Friday”s close. The point was that the close was testing support. It has taken several minutes, but that support has launched a surge to .030.

Great comments, keep ”em coming.. They”re very useful in many ways. One way is they allow me to see where I am lacking clarity. So, to be clear about one thing, the non-MJ initiative is all about widening the universe of stocks available to me for this service”s educational component.

Our priority will always be to justify having “Marijuana” in our name. But where this sector may lack both tradable AND teachable moments, you are always encouraged to suggest a stock that”s of interest to you currently. I”ll then use those suggestions to identify opinion and parameters where possible to trade, and also to identify patterns and analytical technique where possible to teach.

I won”t be producing stock pics outside of the MJ sector, but I won”t hesitate to mention setups I see that are probably of interest to traders generally. There also won”t be broader market analysis or intraday timing in this product.

Happy Mother”s Day!

The first several minutes of this video discusses the procedure going forward for making non-MJ stock requests. I hope you have a chance to watch that section.

Then I review every non-MJ stock that you requested Friday, in the following order — let me know if your request is missing:
[REDG VMGI AAPL “SEC”s effects” VRNS YNDX QIWI AERO SLTD MWIP TFERD WFM RUT IGRW ZDPY MINE ADEP IRBT DRL GPOR CLR SCIE SGLB MSTX URG AAPL (c&h) IWC]

Plenty of great comments already in the Open”s Interest thread, with subscribers sharing how they utilize and apply the service”s features and tools. Please, keep them coming — and I suggest reading each other”s comments for ideas.

Don”t forget, save the date: Subscriber webinar after Thursday”s close or early Thursday evening.

Enjoy!

Welcome to Open”s Interest for Monday 

(Monday”s setups and parameters are below…)

I”m curious how you use this service. Do you watch the daily Open”s Interest video? Do you attend Livedesk, or at least watch its recording? What about the Activity Feed, are you able to monitor it intraday, interact, review? Do you bother expanding earlier comments when you log-in? So, except for a Trade Alert, where and when do you take-in the info.

I hope you”ll share how you use this service in this post”s comments section.

I utilize the Activity Feed and Livedesk to prepare you for what I am planning to do, or whether a particular stock”s price action might trigger a setup. The info I share there doesn”t really differ from anything described previously. But subscribers that log-in to the Activity Feed several comments later may not see mine, not unless they manually display earlier comments. Do you do that? This is the sort of thing I  hope you”ll share so I can leverage these tools to your advantage.

Also, SAVE THE DATE for a webinar/Livedesk after this Thursday”s close or Thursday evening. We”ll review the service”s usage, including the information below…

Enjoy!

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

IGRW .044 pullback ||.055 resistance || .044 stop || .08 target
   Eked out a close above .55 Friday that keeps momentum alive

(- INSY short) 31.55 support || 34.55 bounce || 36.40 stop || 22

Pullback Limit
(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

none

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

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

SING no pullback || .025 resistance || .022 stop || .045 target

STEV no pullback || .17 resistance || .145 stop || .21 and .25 targets

ZDPY no pullback || 1.06 resistance || .91 stop || 1.40 target

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?)

VAPR .11 pullback || .15 resistance || .17 stop || .05 target

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

FSPM no pullback || 2.65 resistance || 2.40 stop || 4.00 target
    No later than Tuesday morning low

ICBU no pullback || .05 resistance || .034 stop || .077 target

MCIG .34 pullback || .45 resistance|| .29 stop || .57 target

TAUG .027 pullback || .035 resistance || .027 stop || .055 target

TRTC .40 pullback || .43 resistance || .36 stop || .64 target

Rocket Launch (sudden explosive interest that gains traction)

none

Monitoring
(observations of other stocks of interest)

BRDT “not a charm” may be forming.
GWPH want to cover the short before Wednesday”s close.
TWMJF almost any strength on volume for “pullback” to end.
VAPE fresh low testing 2.00 for “bottom-fishing.”
VPOR “not a charm” may be forming.

Let”s do Livedesk at 2:30pm ET. We”ll review MJ sector stocks, and then discuss the new coverage opportunities. Meanwhile, here are several comments I”ve posted to the most recent Activity Feed threat.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/1129/
or follow the link on site”s left sidebar.

GWPH — Bounced on contracting volume, and reversed back toward session lows. Closing positive today above 70.75 would trigger a long-entry.

ZDPY — Getting killed. Closing today above 1.25 would have triggered a buy signal. A gap up touched it, and then reverse down to now touch .76. There actually might be a play at .74, potentially up to .90, with the next lower support at .61. But this sort of price action at these sort of levels must be of concern at a corporate level

TRTC — Fully testing and ranging around my target. I”m monitoring for a fresh session low to consider long-entry. I don”t like buying new trend lows on Fridays, and wouldn”t hold through the weekend without there already being a recovery underway. Otherwise, it will be a candidate for Monday.

MCIG — This will be a long-entry candidate Monday.

TAUG — Also a long-entry candidate we”ll be considering Monday.

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At the conclusion of the event, Rod invited members of the audience to request an analysis on any ticker. Watch his live analysis on tickers including WFM, TRTC, AAPL, TWTR, and SUNE.