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Open’s Interest… This morning’s watch list. – If, Then… Market Timing

Open’s Interest… This morning’s watch list.

By Rod David | April 4, 2014 - 10:42 am

Clearly, Tweed”s debut is influencing today”s trading. So, it probably influenced recent trading. A few initial points of focus:

GWPH — Utterly rejecting yesterday”s bottoming effort. Will sell from the portfolio this morning. Will re-buy on a close back above 59.25.

ERBB, TWTC — Will have buy parameters in this thread later this morning.

EDXC — Will sell today on a close under .207, and otherwise hold long.

ATTBF — It might be taking two days to develop, but the probe under recent lows is trying to “slingshot” back up. I will sell this from the portfolio on a negative close. Otherwise, closing above 1.87 (not necessarily today) would signal the pullback had ended.

CBGI — Support has failed. The attempt to manage exit into strength is moot. Selling this from the portfolio now at or around .14.

ENRT — Close above .59 would confirm the .55 support test had held. Closing slightly under .55 yesterday keeps the burden of proof on buyers. I will sell this from the portfolio if the close isn”t high enough.

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