Open’s Interest… Mon May 19 2014

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.