Posts by Rod David
Post-open Review… Another delay.
Overnight rally slides into and out of the open.
Fresh highs were probed up to 2095.00, which is 1 point above this morning’s bias-up signal. But the open was greeted at 2091.00, and its break has extended down to 2083.25. That’s more than 1 point under the bias-down signal.
The 2084.50 bias-down signal was still being overlapped at 10:15 to invoke the grace period. It’s being somewhat recovered at 10:30.
This is a “late no-bias” environment. An offsetting test of the 2094.00 bias-up signal is in-play. Late signals are less reliable, and I wasn’t bearish coming into the session, but I would be much more bullish back above 2090.00.
Pre-market Tour (recording & summary)
The overnight recovery extended a little higher to 2095.00. That’s now reacting down to 2092.00. Just printing above 2094.00 would make the overnight rally likely to extend higher intraday. But I would still be on guard for another detour down — because 2094.00 is also the bias-up signal, and holding its test without triggering it would put into play an offsetting test of the 2084.50 bias-down signal.
Details and other markets coverage are discussed in the pre-market Tour recording here:
https://roddavid10.mitel-nhwc.com/join/pcrtctb
The First Trade… Back to business.
Proper context can start the day with a solid win and make all the difference.
CHARTROOM LINK(s)
THANKS TO ALL WHO HELPED TEST OMNIJOIN
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Through the prior close…
The traditional post-Thanksgiving early close started by dipping. But holding the 2084.50 bias-down signal’s test put into play an offsetting test of the 2090.00 bias-up signal. The upside objective was fulfilled, but only probed briefly, as volume was evaporating into the early close.
Overnight action’s new info…
Sunday night’s open dipped initially to attack 2084.50. Extremely narrow ranging broke lower at Europe’s opens to attack 2082.00. That was recovered almost as quickly on Chinese intervention, and then some, back up through Friday’s high to 2092.00. that extended to a fresh high attacking 2094.00. Its reaction is attacking 2090.o0 as support.
If, then…
Last week was greeted by the vulnerability to a correction, based on upside objectives being met and timing ahead of the holiday. A correction did develop, both by price dipping and by not yet resuming the rally. Timing and price influences are no longer corrective — at least, the door is open to resuming the rally, which doesn’t require anymore delay or backing-and-filling.
First Trade…
Exiting the open at 9:45 under 2091.00 would be unlikely to trigger the 2094.00 bias-up signal at 10:15. Exiting the open above 2094.75 would be likely tor trigger the 2094.00 bias-up signal at 10:15.
New chaRTroom environment! MUST READ
Click here to monitor tonight’s Globex through our new chaRTroom software from OmniJoin. There’s a file to download like our previous room, and great stability.
Try it, from any and all devices — PC, Android, iPhone, toaster. Then please describe your experience in this post’s comments section in the blog.
We began testing OmniJoin last week, and this week we’ll start migrating to it if you don’t encounter any difficulty. The other platforms will remain available intraday for a short while.
This single replacement satisfies all of our needs, including:
o All devices accessible
o Public chat with font sizer
o MP4 recording (iPad friendly)
o Super-fast recording availability
o 24-hour connectivity
o Cloaked attendance
o WinXP compatible
o Static login link
o and more.
So, please be sure that you’ve tried logging in, and that you can easily see the charts by clicking here.
Thanks for your assistance!
The Universe, week of Nov 30, 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.]
By now, you’re almost finished digesting Thanksgiving dinner, and less than three weeks away from finishing its leftovers. You’re also five weeks away from locking in any gains and losses for 2015 tax year purposes. Don’t hesitate to get a professional tax adviser’s input, and also get my current opinion of any stock’s outlook.
Here are several of my latest stock opinions:
AMMJ forming a bullish Cup & Handle pattern, CANV has been a total flop, INSY volume pattern is bullish, LXRP is still basing, TAUG seems to have begun its next downleg, XXII may be ending its consolidation.
| Marijuana Stock Universe for November 30, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 12 | 12.00% |
| trends* | # flat: | 12 | 12.00% |
| # 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 | 1.000 | 1.950 | down |
| AGTK | 0.000 | 0.004 | down |
| AMMJ | 0.070 | 0.150 | down |
| ARNA | 1.650 | 2.200 | down |
| ATTBF | 0.035 | 0.075 | flat |
| BLOZF | 0.130 | 0.240 | down |
| BLPG | 0.015 | 0.086 | down |
| BRDT | 0.012 | 0.031 | down |
| BTFL | 0.002 | 0.003 | down |
| CAFS | 0.001 | 0.011 | down |
| CANL | 0.250 | 0.500 | down |
| CANN | 0.350 | 0.770 | down |
| CANV | 0.290 | 0.750 | down |
| CARA | 14.250 | 18.870 | up |
| CBDS | 0.510 | 1.850 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.020 | 0.041 | flat |
| 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 | 0.170 | 0.400 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.005 | 0.013 | down |
| EDXC | 0.007 | 0.019 | down |
| ENCC | n/a | n/a | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.020 | 0.032 | flat |
| ERBB | 0.002 | 0.004 | flat |
| ETST | n/a | n/a | flat |
| EXMT | 0.000 | 0.004 | up |
| FITX | 0.004 | 0.078 | up |
| FSPM | 0.000 | 0.250 | down |
| FULL | 2.800 | 3.140 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.210 | 0.320 | down |
| GRCU | 0.000 | 0.004 | flat |
| GRNH | 0.015 | 0.037 | down |
| GWPH | 71.600 | 86.400 | down |
| HEMP | 0.050 | 0.107 | down |
| ICBU | 0.000 | 0.003 | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.100 | 0.180 | down |
| 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 |
| LXRP | 0.180 | 0.280 | up |
| MCIG | 0.017 | 0.030 | down |
| MDBX | 0.040 | 0.070 | down |
| MDCN | 0.000 | 0.001 | down |
| MDRM | 0.008 | 0.025 | flat |
| 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 | 0.310 | 0.620 | down |
| MSRT | 0.830 | 1.410 | down |
| MYEC | 0.014 | 0.021 | up |
| 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 | 0.500 | 1.400 | down |
| OGRMF | 0.510 | 0.920 | up |
| OSLH | 0.000 | 0.001 | down |
| OXIS | 0.009 | 0.019 | down |
| PHOT | 0.010 | 0.030 | down |
| PLPL | 0.053 | 0.121 | down |
| PMCB | 0.080 | 0.110 | flat |
| PNTV | 0.001 | 0.007 | down |
| PZOO | 0.001 | 0.005 | down |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | down |
| RFMK | 0.000 | 0.002 | down |
| RMHB | 0.040 | 0.088 | down |
| RSSFF | 0.030 | 0.100 | down |
| SING | 0.005 | 0.012 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.135 | 0.205 | up |
| SRNA | 0.074 | 0.120 | down |
| STEV | 0.033 | 0.041 | down |
| TAUG | 0.001 | 0.004 | down |
| TRTC | 0.082 | 0.118 | down |
| TURV | 0.463 | 0.770 | down |
| TWMJF | 1.800 | 2.400 | up |
| UPOT | 0.090 | 0.290 | flat |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.001 | 0.038 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.025 | 0.048 | down |
| VPCO | 0.170 | 0.550 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.002 | 0.008 | down |
| XTRM | 0.001 | 0.004 | flat |
| XXII | 1.300 | 1.850 | up |