Waiting for Twitter's Ship to Come In

It seems a little too neat and clean for TWTR to bottom on the news which many investors had been hoping to hear for a long time, regarding a CEO change. As I noted in my video last night, and at various points since the stock's recent earnings plunge, the $36 level remains one of the last major lines of defense if TWTR is to avoid another breach of $30. 

For now, it is probably best to trade off the shorter-term timeframes, if at all. On the 5-minute chart, below, for example, note the morning pop being faded so far. $36, once again, comes into play. 

As for my positions, I sold half of my MBLY long here inside Market Chess Subscription Services, and am playing a few other names on a sleepy summer Friday before the big FOMC Announcement next week.