Open’s Interest … Fri June 27 2014

By Rod David | June 26, 2014 - 4:22 pm

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!

SYMBOL	suppt	resist	target	stop	SETUP
TAUG	.020	.0265	.036	.030	FALLING KNIFE
	Reversed down sharply from touching its target Thu
VRCI	.048	.06	.125	.04	FALLING KNIFE
	Dropping coverage if not surging into the weekend
TWMJF	2.70	3.25	4.15	2.60	BREAKOUT
	Moderate volume while price firmed Thu — it”s a start
GWPH	86.75	91	103	92.60	PULLBACK
	Attacked the week”s highs Thu, raised stop and target
ATTBF	.37	.46	.51	.37	BOTTOM-FISHING
	Opening surge Thu still held original target through the close
INSY	25.25	34.10	36	29.25	PULLBACK
	Not a decisively higher close Wed, and Thu only fell further
-MDBX	17.95	20.15	12.25	18.50	PULLBACK
	Firmed Thu, but volume only contracted
ERBB	.029 / .0225	.034	.050	.025	UP/DOWN-CRASH
	Very concerned holding this at critical support into Fri

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.

Posted in Bigger Picture