Posts by Rod David
Saturday Review’s recording (for 8/15/15) … Restrained optimism.
The week began with a bang, followed by a couple more, but its wide range and wild ride ended with a whimper. Or so it might have seemed. Beneath the surface there was reason to expect volatility to resume, and without much delay if any. Details were discussed during the Saturday Review, recorded here:
The countdown is on to
The countdown is on to this weekend”s Saturday Review. We”ll look much closer at the bigger picture, and you can request instant analysis of any stock chart. Login to either link below by 9:30am ET:
:
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The Universe, week of Aug 17 2015… Looking past the leeches.
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.]
Links to || Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||
The past couple of week”s my comments here have remarked on various anecdotal pockets of improvement. The blood-letting had at least slowed. But we might not be too far from seeing the leeches fall off.
This past week saw only a couple of higher-profile stocks needing to recalculate their supports. Several tested support and reacted up. Several new charts have begun forming compelling patterns (BLPG, LXRP, STEV), and at least one prior pick extended its performance (SRNA) so predictably that I was able to call attention to it well before the rally resumed.
None of which should be confused as a recovery. The percentages of performing stocks must improve for several consecutive weeks for the anecdotal observations to be replaced by an actual market call.
But would anyone have thought the sector”s stabilization could have begun simultaneously with two of its highest-profile components (GWPH, INSY) falling sharply?
For now, suffice it to say that the patient may be ready to begin recovery soon.
| Marijuana Stock Universe for August 17, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 6 | 5.94% |
| trends* | # flat: | 13 | 12.87% |
| # down: | 82 | 81.19% | |
| *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 | 0.009 | down |
| AMMJ | 0.125 | 0.272 | down |
| ARNA | 3.100 | 3.770 | down |
| ATTBF | 0.035 | 0.075 | down |
| AVTC | 0.000 | 0.400 | down |
| BLOZF | 0.130 | 0.340 | down |
| BLPG | 0.015 | 0.086 | down |
| BNRDF | 0.600 | 0.740 | flat |
| BRDT | 0.012 | 0.048 | down |
| BTFL | 0.071 | 0.232 | down |
| CAFS | 0.001 | 0.011 | down |
| CANL | 0.750 | 1.250 | down |
| CANN | 0.330 | 1.160 | down |
| CANV | 0.860 | 1.640 | down |
| CARA | 18.300 | 23.550 | up |
| CBDS | 0.670 | 1.550 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.007 | 0.018 | down |
| CGRW | 0.360 | 0.610 | flat |
| CHUM | n/a | n/a | down |
| CNAB | 0.320 | 0.750 | down |
| DEWM | 0.001 | 0.003 | down |
| DIGP | 0.170 | 0.400 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.005 | 0.011 | down |
| EDXC | 0.019 | 0.047 | down |
| ENCC (axxu) | n/a | n/a | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.017 | 0.037 | down |
| ERBB | 0.001 | 0.003 | down |
| ETST | n/a | n/a | flat |
| EXMT | 0.000 | 0.004 | up |
| FITX | 0.002 | 0.006 | down |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.060 | 3.660 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.270 | 0.460 | flat |
| GRCU | 0.000 | 0.004 | flat |
| GRNH | 0.023 | 0.067 | down |
| GWPH | 101.550 | 132.000 | flat |
| HEMPD | 0.110 | 0.180 | 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 | 30.780 | 39.600 | flat |
| ITNS | 0.001 | 0.005 | down |
| KAYS | 0.067 | 0.187 | flat |
| LATF | 0.000 | 0.001 | down |
| LXRP | 0.098 | 0.205 | flat |
| MCIG | 0.035 | 0.074 | down |
| MDBX | 0.050 | 0.087 | down |
| MDCN | 0.000 | 0.001 | down |
| MDRM | 0.016 | 0.051 | flat |
| MINE | 0.002 | 0.005 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.000 | 0.001 | down |
| MJNA | 0.041 | 0.055 | down |
| MNTR | 0.507 | 0.928 | down |
| MYEC | 0.010 | 0.015 | down |
| MYHI | 0.013 | 0.188 | down |
| NDEV | 0.016 | 0.053 | down |
| NMUS | 0.620 | 1.600 | down |
| NRTI | 0.000 | 0.002 | down |
| NTRR | 0.022 | 0.046 | down |
| OGRMF | 0.250 | 0.337 | down |
| OSLH | 0.000 | 0.001 | down |
| OXIS | 0.015 | 0.027 | down |
| PHOT | 0.010 | 0.030 | down |
| PLPL | 0.150 | 0.220 | down |
| PMCB | 0.080 | 0.129 | down |
| PNTV | 0.001 | 0.007 | down |
| PZOO | 0.004 | 0.008 | down |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | down |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.030 | 0.100 | down |
| SING | 0.005 | 0.012 | flat |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.107 | 0.165 | down |
| SRNA | 0.140 | 0.230 | up |
| STEV | 0.049 | 0.072 | flat |
| TAUG | 0.000 | 0.005 | down |
| THCZ | 0.051 | 0.013 | down |
| TRTC | 0.100 | 0.165 | flat |
| TURV | 0.710 | 1.11 | up |
| TWMJF | 1.420 | 1.860 | down |
| UPOT | 0.080 | 0.270 | down |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.230 | 0.410 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.024 | 0.045 | up |
| VPCO (1:5) | 0.663 | 1.960 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.010 | 0.022 | up |
| XTRM | 0.001 | 0.004 | down |
| XXII | 0.430 | 0.780 | down |
Morning bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2095.50 | 2091.00 |
| …would target | 2102.00 | 2097.50 |
| Bias-down: under | 2085.00 | 2080.50 |
| …would target | 2078.25 | 2073.75 |
| Signal status: NO-BIAS, TESTED BIAS-DOWN SIGNAL | 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.
Slow and steady won the
Slow and steady won the race Friday. Much like Thursday, buyers were rewarded for maintaining confidence in the post-open dip holding its test of 2077 and being recovered to at least 2088. Is yet another setup forming with potential to new highs? There”s more than one path down, but we didn”t discuss it nearly as much as other market coverage during the post-market Wrap, recorded here:
https://roddavid10.mitel-nhwc.com/join/shwytzv
We”ll look much closer at the bigger picture during this weekend”s Saturday Review. And you can request instant analysis of any stock chart. Login to either link below by 9:30am ET Saturday:
Win XP-Friendly — http://anymeeting.com/289-161-624
non-xp friendly — https://roddavid10.mitel-nhwc.com/join/shkphyy