Posts by Rod David
It”s Monday. In so many
It”s Monday. In so many ways. For the chaRTroom, it means a technical issue with the anymeeting platform. You might want to use the ilinc back-up or keep its link handy. Meanwhile, a small gap up is still indicated, which isn”t much extreme sentiment, but no less vulnerability to being a sentiment extreme. Make it through the open without reversing down, and the bullish WedEX should take it from there. Here”s the pre-market Tour recording:
https://roddavid10.mitel-nhwc.com/join/pcrswyp
There was a difficulty with
There was a difficulty with the Anymeeting audio feed, forcing us to start a new “meeting”… Here is its login:
http://anymeeting.com/121-576-736
The First Trade… WedExing.
Proper context can start the day with a solid win and make all the difference.
CHARTROOM LINK(s)
o Win XP-Friendly entry
o non-xp friendly (ilinc)
(pre-open Market Tour begins at 8:55 ET)
Through the prior close…
Friday”s open trended down throughout, but remained within the range. The setup”s bearish influence produced only a momentary lower low — touching the morning”s 2112.75 bias-down signal — and kept the market hovering at its lows until late-afternoon. The bullish WedEX influenced the final two hours to trend up to fresh highs, which peaked upon fulfilling the offsetting test of the morning”s 2119.75 bias-up signal.
Overnight action”s new info…
Sunday night”s flat open soon began probing higher, extending so far to 2122.75 and consolidating above Friday”s highs. This is against the backdrop of China”s market facing renewed difficulties, and a “flash crash” in Gold.
If, then…
Having influenced Friday afternoon, the bullish WedEX should also influence Monday morning. The signal is beyond being inverted, and can only succeed or fail. Its influence this morning can be more obvious than it was Friday afternoon, i.e. steeper and more productive.
First Trade…
Exiting the open at 9:45 above 2123.75 would be likely also to trigger the 2121.75 bias-up signal at 10:15. Exiting the open under 2114.75 would be unlikely to trigger bias-up.
Behold, Sunday night”s Globex open,
Behold, Sunday night”s Globex open, in all it”s splendor. Basically, flat with Friday”s close. What a difference the weekend makes. Oh, well, the night is young. Monitor it through the chaRTroom links below:
XP-Friendly: https://www.anymeeting.com/618-390-121
xp UN-friendly: https://roddavid10.mitel-nhwc.com/join/shkphyy
The Universe, week of Jul 20 2015… Summer daze.
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 ||
Coming soon: I”ve noted previously that a crowd-sourced portfolio will be introduced soon. While my testing of solution providers has been filtered down to two, I am building out the architecture that will enable this “investment committee” feature. Ideas will be introduced by you and/or fellow subscribers, and I”ll add my analysis during 2-3 weekly webinars about their prospects and pricing. We”ll vote on those candidates, and I”ll establish entries, stops and targets for the “committee”s” favorites.
I mention this now to announce that we”ll be doing this for a dedicated cannabis portfolio. And it will be realistic — penny stocks won”t be considered for short-sales. While I”ll be funding any additional cost initially, grandfathered subscribers will never pay any rate hike. More info coming soon…
Meanwhile, here”s the sector”s new support and resistance calculations. Be sure to check the Activity Feed for any current comments on the latest price action.
| Marijuana Stock Universe for July 20, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 7 | 6.93% |
| trends* | # flat: | 13 | 12.87% |
| # down: | 81 | 80.20% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACGX | 0.000 | 0.003 | down |
| AERO | 1.530 | 2.440 | down |
| AGTK | 0.000 | 0.009 | down |
| AMMJ | 0.180 | 0.385 | down |
| ARNA | 3.800 | 5.030 | flat |
| 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 | 1.000 | 2.440 | down |
| CANV | 0.860 | 1.640 | down |
| CARA | 14.250 | 18.250 | up |
| CBDS | 1.830 | 5.630 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.015 | 0.029 | down |
| CGRW | 0.550 | 0.750 | flat |
| CHUM | n/a | n/a | down |
| CNAB | 0.320 | 0.750 | down |
| DEWM | 0.001 | 0.003 | down |
| DIGP | 0.235 | 0.465 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.008 | 0.015 | flat |
| EDXC | 0.019 | 0.047 | down |
| ENCC (axxu) | 0.037 | 0.140 | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.017 | 0.037 | down |
| ERBB | 0.003 | 0.007 | 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 | 3.360 | 4.140 | flat |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.270 | 0.460 | flat |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.023 | 0.067 | down |
| GWPH | 101.550 | 132.000 | up |
| HEMP | 0.011 | 0.018 | down |
| ICBU | 0.000 | 0.003 | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.100 | 0.180 | down |
| INCC | 0.000 | 0.001 | down |
| INSY | 37.900 | 43.500 | up |
| ITNS | 0.003 | 0.007 | down |
| LATF | 0.000 | 0.001 | down |
| LXRP | 0.098 | 0.205 | flat |
| MCIG | 0.035 | 0.074 | down |
| MDBX | 0.116 | 0.171 | 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 | 0.001 | 0.003 | down |
| MJNA | 0.052 | 0.070 | down |
| MNTR | 0.507 | 0.928 | down |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.110 | 0.280 | flat |
| NDEV | 0.040 | 0.165 | down |
| NMUS | 0.620 | 1.600 | down |
| NRTI | 0.000 | 0.002 | down |
| NTRR | 0.017 | 0.030 | down |
| OGRMF | 0.250 | 0.337 | down |
| OSLH | 0.001 | 0.005 | down |
| OXIS | 0.015 | 0.027 | down |
| PHOT | 0.010 | 0.030 | down |
| PLPL | 0.190 | 0.237 | flat |
| PMCB | 0.080 | 0.129 | down |
| PNTV | 0.001 | 0.007 | down |
| PZOO | 0.005 | 0.013 | down |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | down |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.040 | 0.130 | down |
| SING | 0.005 | 0.012 | flat |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.107 | 0.165 | down |
| SRNA | 0.040 | 0.090 | down |
| STEV | 0.038 | 0.058 | down |
| TAUG | 0.000 | 0.005 | down |
| THCZ | 0.064 | 0.157 | down |
| TRTC | 0.086 | 0.116 | down |
| TURV | 0.710 | 1.11 | up |
| TWMJF | 1.420 | 1.860 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | down |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.315 | 0.470 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.036 | 0.066 | up |
| VPCO (1:5) | 0.663 | 1.960 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.005 | 0.012 | up |
| XTRM | 0.001 | 0.004 | down |
| XXII | 0.710 | 0.950 | down |