Open’s Interest… Tue Apr 29 2014

Welcome to Open”s Interest for Tue Apr 29 2014
What a day Monday. What a wild and varied day. GWPH was granted fast track and still fell relentlessly from its opening opening tick. Our first “Rocket Launch” pick SPLI surged. We kicked out a stock that had long worn out its welcome. And the broader market came back from a big intraday sell-off.

ATTBF and EDXC were weaker, but within their range. ENRT has probed sub-30, so we”ll be looking at Tuesday”s open for any strength to justify holding it any longer. Monitoring GWPH for re-entering short.

Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)
CBIS .095 pullback target, .914 stop, .155-.16 target

Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)
CBGI .06 resistance, .045 stop, .094-.125 target
VAPE monitoring

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?)
ZDPY Probing fresh lows, 2.75 target, 6.20 stop

Falling Knife
(trying to catch the reaction to a steep drop — ouch)
PHOT .135-.175 pullback target, .33-.37, .175-.19 stop

Rocket Launch
(sudden explosive interest that gained traction)
none