(try, try again) Open’s Interest… Wed May 7 2014

Welcome to Open”s Interest for Wednesday
[My apologies for originally uploading the incorrect video…] This week is developing constructively. Some questionable patterns remain among the higher profile players (MCIG, TAUG). Others may be backing away from their precipices (ATTBF, EDXC, ENRT, IGRW). Multi-session bounces are back (ERBB, GWPH, TRTC, VAPE, VPOR). It”s an interesting environment to greet GWPH earnings that should be released before the open. I won”t chase it higher, but might be interested in buying a deep enough reaction down. I”ll have parameters after the open. Finally, I”m adding a new section today, “Breakout.”

Breakout (consolidations or basing that is forming
an accumulative pattern )

IGRW .036 pullback ||.044 resistance || .031 stop || .08 target

Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)

VPOR .114 pullback ||.13 resistance || .109 stop || .195/.25 target

ATTBF .95 pullback || 1.07 resistance || .91 stop || 1.38 and 1.68 targets

Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)

FSPM no pullback || 3.75 resistance || 2.95 stop || 5.80 target

SING no pullback || .025 resistance || .016 stop || .045 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?)

none

Falling Knife
(trying to catch the reaction to a steep drop — ouch)

ZDPY 1.55 pullback || 1.78 resistance || 1.49 stop || 3.00 target
bought Tuesday at 1.44

Rocket Launch (sudden explosive interest that gains traction)

STEV .158 pullback || .185 resistance || .145 stop || .21 and .25 targets
adjusted parameters higher

Monitoring(observations of other stocks of interest)
EDXC, ENRT these are becoming “Not A Charm” candidates.
MCIG, TAUG, TRTC