Posts by Rod David
The Universe, week of January 18, 2016…
[Note: I publish “The Universe” every weekend, updating my support and resistance calculations for Marijuana sector stocks. It is not a projection, but a handy reference… Non-Marijuana stocks are covered elsewhere during the week.]
Thanks for you patience with this week’s issue!
Don’t forget about Tuesday night’s Livestox (more info to come).
| Marijuana Stock Universe for January 18, 2016 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 5 | 5.00% |
| trends* | # flat: | 21 | 21.00% |
| # down: | 74 | 74.00% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACGX | 0.000 | 0.003 | down |
| AERO | 0.830 | 1.260 | down |
| AGTK | 0.000 | 0.004 | down |
| AMMJ | 0.070 | 0.160 | flat |
| ARNA | 1.650 | 2.200 | down |
| ATTBF | 0.035 | 0.075 | flat |
| BLOZF | 0.087 | 0.163 | down |
| BLPG | 0.015 | 0.086 | down |
| BRDT | 0.012 | 0.031 | down |
| BTFL | 0.002 | 0.005 | down |
| CAFS | 0.001 | 0.011 | down |
| CANL | 0.053 | 0.290 | down |
| CANN | 0.550 | 0.770 | flat |
| CANV | 0.110 | 0.215 | down |
| CARA | 10.500 | 13.900 | down |
| CBDS | 0.510 | 1.850 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.005 | 0.017 | down |
| CGRW | 0.360 | 0.610 | flat |
| CHUM | n/a | n/a | down |
| CNAB | 0.150 | 0.330 | down |
| DEWM | 0.002 | 0.004 | flat |
| DIGP | 0.120 | 0.220 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.004 | 0.009 | flat |
| EDXC | 0.007 | 0.019 | down |
| ENCC | n/a | n/a | down |
| ENDO | 0.002 | 0.004 | down |
| ENRT | 0.010 | 0.017 | down |
| ERBB | 0.001 | 0.003 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.000 | 0.005 | down |
| FSPM | 0.000 | 0.250 | down |
| FULL | 2.050 | 2.520 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.170 | 0.260 | down |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.026 | 0.042 | flat |
| GWPH | 47.110 | 67.770 | down |
| HEMP | 0.010 | 0.040 | down |
| ICBU | 0.000 | 0.003 | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.110 | 0.180 | flat |
| INCC | 0.000 | 0.002 | down |
| INSY | 23.000 | 30.000 | down |
| ITNS | 0.001 | 0.005 | up |
| KAYS | 0.067 | 0.187 | flat |
| LATF | 0.000 | 0.001 | down |
| LXRPD | 0.133 | 0.209 | down |
| MCIG | 0.023 | 0.040 | flat |
| MDBX | 0.006 | 0.051 | down |
| MDCN | 0.000 | 0.001 | down |
| MDRM | 0.025 | 0.060 | up |
| MINE | 0.029 | 0.068 | flat |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.000 | 0.001 | flat |
| MJNA | 0.036 | 0.048 | flat |
| MNTR | 0.220 | 0.036 | down |
| MSRT | 0.830 | 1.410 | down |
| MYEC | 0.008 | 0.012 | down |
| MYHI | 0.013 | 0.100 | down |
| NDEV | 0.008 | 0.026 | down |
| NMUS | 0.450 | 1.070 | flat |
| NRTI | 0.000 | 0.002 | down |
| NTRR | 1.120 | 1.800 | flat |
| OGRMF | 0.510 | 0.920 | flat |
| OSLH | 0.000 | 0.001 | down |
| OXISD | 2.250 | 4.750 | down |
| PHOT | 0.004 | 0.014 | down |
| PLPL | 0.053 | 0.121 | down |
| PMCB | 0.064 | 0.091 | flat |
| PNTV | 0.002 | 0.005 | up |
| PZOO | 0.000 | 0.002 | down |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | down |
| RFMK | 0.000 | 0.002 | down |
| RMHB | 0.037 | 0.073 | down |
| RSSFF | 0.030 | 0.100 | down |
| SING | 0.005 | 0.012 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.325 | 0.450 | up |
| SRNA | 0.070 | 0.100 | flat |
| STEV | 0.022 | 0.039 | down |
| TAUG | 0.001 | 0.004 | down |
| TRTC | 0.115 | 0.160 | up |
| TURV | 0.463 | 0.770 | flat |
| TWMJF | 1.800 | 2.400 | flat |
| UPOT | 0.010 | 0.050 | down |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.003 | 0.023 | down |
| VAPR | 0.000 | 0.020 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.025 | 0.048 | down |
| VPCO | 0.139 | 0.449 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.001 | 0.004 | down |
| XTRM | 0.001 | 0.004 | flat |
| XXII | 0.089 | 1.395 | down |
Special Monday Review’s recording (for 1/18/16) …
Here’s the link to Monday evening’s Special Session Review. in which likely resolutions to Monday’s possible scenarios were traced. We also examined the possible decoupling from Crude Oil, discussed the bearish WedEX signal’s status, and caught up on the Up/Down-crash setup.
Watch the recording here.
Access the chaRTroom here.
(Charts may be offline briefly)
Look ahead: Economic Calendar – for Tue Jan 19, 2016
A midday look ahead in preparation for economic reports and events scheduled for the next trading day.
Highlights: Maybe Tuesday’s lone econ report can influence price action for being the first data since last week. But it otherwise hasn’t much track record..
Housing Market Index
10:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
SPECIAL SESSION TONIGHT
ALL SUBSCRIBERS ARE INVITED:
Bigger Picture Review in the chaRTroom at 6:00pm ET.
Well, that muster drill turned out to be a waste of time. We’re docked and debarking, and re-entering the real world.
The same verbiage could be applied to price action since opening last night. Friday afternoon rallied back from 1849.50 to threaten the morning’s 1881.00 high into expiration (docked). Sunday night’s gap down to 1860.00 was recovered ahead of Europe’s opens, and then extended to probe Friday’s high up to 1890.00 (debarking).
The recovery wasn’t led by Europe’s strength. Europe’s strength was led by Crude Oil’s recovery, back to unchanged after gapping down sharply. But the gap’s resistance pushed back, and 1868.00 is being tested as support (re-entering the real world).
US markets are closed, but Globex is open until 1:15pm ET. Then it re-opens at 6:00pm ET, and we’ll see whether the market’s muster drill last week was also a waste of time.
You can view price action now by CLICKING HERE. Also, join us there at 6:00pm ET for a special Bigger Picture Review. I’ll send out is recording this evening, with the overnight chaRTroom link
Pre-close View… Too much, too late?
Final hour’s entry was almost grudging
Exiting the final hour above 1868.00 would have been bullish. Actually, when the bias environment exit was complete upon entering the final hour, 1868 WAS recovered. And it did follow-through, attacking the morning’s 1881 high.
But being late, and then being aggressive, makes the probe of fresh highs suspicious.
Extending higher gets a benefit of the doubt. But back under 1868 could extend down instead. Sharply, and through the close.
NOTE: THERE IS NO MARKET WRAP TODAY. MONDAY MORNING I’LL ANNOUNCE A SPECIAL SESSION FOR MONDAY EVENING.