Posts by Rod David
chaRTroom… Is it already Monday?
It’s still Sunday in the states. But the overnight Globex session will re-open at 6:00pm ET.
CLICK HERE to monitor price
action in the chaRTroom.
[In case room-access indicates it is no longer available, check back to this blog page for an updated link.]
The Universe, week of Dec 28, 2015…
[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.]
Happy New Year!
The year’s last week of trading now commences, tax loss selling comes to an end. The optimal January Effect candidate will already have bottomed, meaning no fresh lows this week — perhaps taking another dip to correct an interim bounce.
New January Effect candidates are GRNH, GWPH, MCIG, TURV.
Anyone still needing year-end stock chart analysis to further inform their own tax decisions should email me earlier this week, rather than later. I’ll make every effort to turn around an analysis with time to contemplate it.
| Marijuana Stock Universe for December 28, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 14 | 14.00% |
| trends* | # flat: | 10 | 10.00% |
| # down: | 76 | 76.00% | |
| *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 | 0.140 | 0.290 | up |
| 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 | 0.250 | 0.500 | down |
| CANN | 0.350 | 0.770 | down |
| CANV | 0.169 | 0.440 | down |
| CARA | 14.250 | 18.870 | up |
| CBDS | 0.510 | 1.850 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.015 | 0.023 | down |
| CGRW | 0.360 | 0.610 | flat |
| CHUM | n/a | n/a | down |
| CNAB | 0.150 | 0.330 | down |
| DEWM | 0.002 | 0.004 | up |
| DIGP | 0.120 | 0.220 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.003 | 0.006 | down |
| EDXC | 0.007 | 0.019 | down |
| ENCC | n/a | n/a | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.015 | 0.025 | down |
| ERBB | 0.001 | 0.003 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.004 | 0.078 | flat |
| FSPM | 0.000 | 0.250 | down |
| FULL | 2.470 | 2.860 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.125 | 0.260 | down |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.029 | 0.042 | flat |
| GWPH | 58.750 | 78.000 | down |
| HEMP | 0.050 | 0.107 | 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 | 26.400 | 34.950 | up |
| ITNS | 0.001 | 0.005 | down |
| KAYS | 0.067 | 0.187 | flat |
| LATF | 0.000 | 0.001 | down |
| LXRPD | 0.180 | 0.280 | up |
| MCIG | 0.035 | 0.055 | up |
| MDBX | 0.003 | 0.033 | down |
| MDCN | 0.000 | 0.001 | down |
| MDRM | 0.025 | 0.060 | up |
| MINE | 0.000 | 0.002 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.000 | 0.001 | down |
| MJNA | 0.036 | 0.048 | up |
| MNTR | 0.220 | 0.036 | down |
| MSRT | 0.830 | 1.410 | down |
| MYEC | 0.014 | 0.021 | flat |
| MYHI | 0.013 | 0.100 | down |
| NDEV | 0.016 | 0.053 | down |
| NMUS | 0.218 | 1.215 | down |
| NRTI | 0.000 | 0.002 | down |
| NTRR | 1.800 | 3.350 | up |
| OGRMF | 0.510 | 0.920 | up |
| OSLH | 0.000 | 0.001 | down |
| OXISD | 2.250 | 4.750 | flat |
| PHOT | 0.004 | 0.014 | down |
| PLPL | 0.053 | 0.121 | down |
| PMCB | 0.064 | 0.080 | down |
| PNTV | 0.001 | 0.007 | down |
| 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 | 0.021 | 0.045 | down |
| RSSFF | 0.030 | 0.100 | up |
| SING | 0.005 | 0.012 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.220 | 0.330 | up |
| SRNA | 0.044 | 0.078 | down |
| STEV | 0.022 | 0.039 | down |
| TAUG | 0.001 | 0.004 | down |
| TRTC | 0.082 | 0.118 | down |
| TURV | 0.463 | 0.770 | flat |
| TWMJF | 1.800 | 2.400 | up |
| UPOT | 0.010 | 0.050 | down |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.003 | 0.023 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.025 | 0.048 | down |
| VPCO | 0.070 | 0.260 | 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 | 1.310 | 1.700 | up |
Look ahead: Economic Calendar – for Mon, Dec 28, 2015
A midday look ahead in preparation for economic reports and events scheduled for the next trading day.
Highlights: Delayed by the holiday, the Rig Count’s last appearance cut the legs out from under Crude Oil’s rally effort. Monday’s report should greet a nervous market.
Dallas Fed Mfg Survey
10:30 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
*Baker-Hughes Rig Count
1:00 PM ET
Morning Bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2065.25 | 2057.00 |
| …would target | 2071.00 | 2063.25 |
| Bias-down: under | 2054.75 | 2047.00 |
| …would target | 2049.50 | 2041.50 |
| Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the bias environment’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
Daily Spot…
A daily summary of high-profile members of several complexes… View a more detailed discussion of each chart at the end of today’s Market Wrap.
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
Thursday’s gap up didn’t reject Wednesday’s gap down, and the pullback targeting 1.0750-1.0785 remains intact.
Gold Feb Contract (GC, ETF: (GLD))
Gapping up Thursday extended to close above 1074.00to suggest the reaction down had ended. But closing above 1077.70 is still needed to reverse the trend back up..
Silver Mar Contract (SI, ETF: (SLV))
Already having dipped relatively shallowly Wednesday, Thursday’s strength extended to close at a fresh high that suggests a new upleg is underway if confirmed by a second consecutive higher close.
30-year Treasury Jan Contract (US, ETF: (TLT))
Wednesday’s bounce from fresh lows extended just higher enough Thursday to fill the gap back to Tuesday’s close. Its attraction above had prevented Wednesday’s drop from extending, so neutralizing its attraction allows the decline to resume.
Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Thursday’s gap up extended higher intraday to confirm Wednesday’s close above the 37.70-37.90 buy signal.
Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Already probing fresh recovery highs overnight, Thursday’s EIA report was greeted from a position of strength.