Open’s Interest… Mon May 12 2014
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.