Posts by Rod David

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 ||

There was another dip last week in the percentage of covered stocks that are above their 4-week moving averages. It was only a net of two, which has been worse — albeit not by much. The percentage of stocks in downtrends increased by two, which has also been worse.

Anecdotally, however, fewer stocks last week were threatening support or sitting at it. The conflicting observations prevents us from labeling it as stability. That would not necessarily be bullish. Picture a rubber band lying on your desk. Stable, right? A rubber band stretched between your fingers would at least be closer to snapping back.

It”s premature to count out that snap back potential. But it”s never too early to fear the alternative — complacency. At least the sector hasn”t extended down on any recent legislative decisions. But my warnings of sell-off risk in leadership like GWPH and INSY were followed by sizable declines, so beware of them not snapping back. 

There”s a market maxim, “Sell in May and go away,” which anticipates the summer doldrums. I”m not expecting this year”s broader stock market to adhere to that generality. But I do want to see more surges like those I described here last week, before assuming the sector has lost too much of its backing and curiosity.

Here”s the collection of recent Activity Feed posts, both in case you missed any, and to be indexed by the search engine…

Josey — parameters on CLDX, BLCM. Thank You! Posted 3 days ago
Josey — Update on CLF actions. Posted 3 days ago
Jo B — TSLA and OXIS PLEASE Posted 3 days ago
Jo B — Not able to sign in with tablet.so i can only get audio? Posted 3 days ago
Jo B — I”m tryingto join livestox but they have me 8n hold? Posted 3 days ago
Rod-David — Sorry, I”m wondering whether my audio line is being fed to the wrong room. Posted 3 days ago
tamaramessmann — I was unable to rejoin Posted 3 days ago
Rod-David — How did you disconnect… “x” in the top right corner? Posted 3 days ago
tamaramessmann — I dont think so. I think I just closed the page and then logged completely out and shut down my computer and restarted it and logged back in. Mitel is working fine for the futures website. Posted 3 days ago
casjf — KITE & ISIS – support below which they are likely to dive — right here? Posted 3 days ago
Josey — Do you think MNKD is ripe for a bounce here? Posted 3 days ago
Josey — MCIG popping with volume. Anyone know news? I don”t see any, maybe manipulation? Posted 3 days ago
Rod David — KITE and ISIS — There”s no level under which they”re “likely to dive,” but they”re each testing their own critical support. KITE is testing “lower prior highs,” which still need to be chipped away. ISIS is testing prior lows that have recovered previous tests, yet keep being tested. Posted 3 days ago
Rod David — MNKD — If volume were expanding into this retest of the prior low, then I would give a bounce better odds. But the low”s retest is being taken a little too complacently to anticipate a bounce. Posted 3 days ago
Josey — Rod , for your double/triple rule would you use the most resent low or the most resent low low and the # ? ECIG is the stock Posted 3 days ago
Rod David — ECIG — Is there no transaction between 3/32-4/22? Posted 3 days ago
Josey — ECIGD they just changed back to ECIG Posted 3 days ago — “Edited”
Rod-David — ECIG/D — Sorry, I don”t know why my original post didn”t appear… I would use the actual low. Posted 2 days ago
Jo B — Thanks i will review it now. Posted 3 days ago
fennecby — thanks Rod. Posted 3 days ago
Rod-David — GWPH — Looking Head & Shoulder-ish, with potential down to 15.25 so long as 118 holds as resistance Posted 2 days ago
Tony 48.75VAPEs — With SRNA having broke .10, what is its next lower resistance? Posted 2 days ago
fennecby — I hope you really mean 15.25 on GWPH, would be sweet to pick it up there. But I suspect you mean 105.25? Posted 2 days ago
Rod-David — Thank you! That”s right, GWPH potential to 105.25 Posted 2 days ago — “Edited”
fennecby — bummer. Posted 2 days ago
Josey — Damn, I was getting ready to go to town and buy me a truck to load up :) Posted 2 days ago
Josey — any update for GPRO? All bets off? Posted 2 days ago
Rod-David — GPRO — Looking at a short-entry on a close back under 50.25 Posted 2 days ago
Rod-David — SRNA — Never having probed the interim high above.14, there is room for noise down to .080-.083 Posted 2 days ago
Josey — SZYM on the move last two day”s. Posted 2 days ago — “Edited”
Brett-ster — Rod, thoughts on WYNN? Is selling pressure almost done here? High volume day. Posted 2 days ago — “Edited”
Rod-David — WYNN — Look at a 2-year chart, and notice that this week”s break is plunging through the prior low, in a downtrend. Not bullish, and will need to see some basing before a rally can emerge. Posted 2 days ago
Brett-ster — Thanks Posted 2 days ago
fennecby — GLUU reporting after the close. With its attempt at breakout having been rejected brutally – but just to its origin – do you view this as a position of strength or weakness? Posted 2 days ago
Jo B — OXIS … what is the problem?! Posted 2 days ago
recentiy03 — Re: OXIS — Looks like MBAY is the problem to me, but I could be wrong. Never seen 1 MM put so consistent a stranglehold on a stock before…whenever he gets undercut he just undercuts whomever undercut him on the bid AND ask….it”s been this way for a week now. Hopefully when news hits they haven”t finished covering their short. Posted 2 days ago — “Edited”
casjf — recentiy03 – who is MBAY? Posted 2 days ago
Jo B — The mm i think cas Posted 2 days ago
Rod-David — GLUU — Not necessarily a position of strength, sitting under the recent consolidation”s 5.30 highs. Not necessarily a position of weakness since no prior low is being probed. Posted 2 days ago
recentiy03 — MBAY= http://www.monarchbayassociates.com They”re a market maker and they have barely let any other market makers facilitate any trades in the past week+ by consistently straddling the bid and the ask. Posted 2 days ago
recentiy03 — Rod, does it generally mean anything when one market maker dominates a stock”s trading like MBAY has been doing on OXIS? Can it fairly be interpreted as short covering? Posted 2 days ago — “Edited”
Rod-David — It doesn”t mean anything to me. Just bad manners, I guess. Posted 2 days ago — “Edited”
kit650kr — Yo ROD, thanks for all the heads up on the livestock recording. Dad likes MPC this week. What do u think? Can u set parameters for him plz? Posted 2 days ago
Rod-David — MPC — Nice pennant forming from the corrected breakout. Posted 2 days ago
kit650kr — Thanks Boss Posted Yesterday
Jo B — Does CANV HEMP OR OGI have any hope before a downtrend Rod? Canv rsi is oversold Posted 2 days ago
Josey — For GPRO every time the Volume was 20 mil or more it then traded down. Not all the time though. Posted 2 days ago — “Edited”
recentiy03 — On livestox you mentioned .03 as a down-trending pivotal resistance point for OXIS, but in the universe you list .0336 as support–close today was above .03 but below .0336, I”m assuming a breakout is still possible so long as .03 holds? Posted 2 days ago
Jo B — Rod is Twitter abut to tumble hard? Posted 2 days ago
recentiy03 — I tried to play the Twitter bounce yesterday, but ended up coming out just slightly ahead when it dropped back down…it went from 38 to 44 AH before dropping again, although I didn”t get the most of the range…end of story. Posted 2 days ago
fennecby — Morning Rod.
GLUU flying AH on earnings. Anything beyond your previous targets of 6.35 and 6.85? I”m selling half for sure, question”s whether I should hold on to the rest. Posted 2 days ago
JustJulie — Thanks Rod. XOM. EXXI? Posted Yesterday
Rod David — CANV, HEMP — already are trending down, i.e. lower lows and lower highs.
OGRMF — Trying to bottom, and back above .50 on expanding volume would be bullish. Posted Yesterday
Rod David — OSIX — My pullback target when the stock was above .04 was .030-,033, which continues to be a band of support that needs to hold for the rally to resume without needing to to probe under .020. Posted Yesterday
Jo B — Rod what is support for Twitter please. and can u elaborate on the market correction you referred to please Posted Yesterday
Rod David — TWTR — It did just tumble hard, and probably needs to absorb that shock to the system. That”s not enough of a certainty to buy it for the bounce, but there is room back up to 43.20 or 46.40. Posted Yesterday
Rod David — GLUU — Room for noise up to 7.00-7.20. But backing-and-filling to 6.20 would be likely after that Posted Yesterday
Rod David — Jo B — The potential for a broader market correction? Posted Yesterday
Rod David — XOM — Nice earnings, gapping up… Big resistance at 90 Posted Yesterday
Jo B — yes, the broader market correction. thanks! Posted Yesterday
Rod David — EXXI — Still in a wide consolidation that now must hold 3.85 as support and work back up through 5.00 to launch a new rally leg. Posted Yesterday
Rod David — Jo B — I can review the market”s bigger picture again during the next Livestox. Unless today were to end in negative territory, there”s still potential for another rally leg to new highs. Posted Yesterday
Jo B — ok ty Posted Yesterday
Josey — Everything I”m watching seems to be @ the line in the sand now. Posted Yesterday
Jo B — Rod, what”s going o;n with oil. do u see the sector doing well ? Posted Yesterday
Rod-David — Oil hit a big target at yesterday”s high, and needs to close above it today to confirm a new rally leg is underway, or at least avoid closing negative to suggest at least a correction has begun. Posted Yesterday
Josey — CLF seems to have held 5.40. 52% of the float is short. Posted Yesterday
casjf — Someone posted on twitter: my watchlist looks like a murder scene LOL Tomorrow is another day… Posted Yesterday
casjf — KITE – is there a good entry today or see if it hits the 200 DMA? Posted Yesterday
Josey — Is it time to buy the SPXS? Posted Yesterday
Rod-David — Not buying today. Posted Yesterday
Chameleon — Dare I say UWTI is a buy and hold. People are getting in now in anticipation of a rally. Even with a temporary retreat, oil will come back. The trend has been so severely downward, not to rule out a further leg down. Still, folks are planning for that trend to change ultimately. It”s all timing, but oil can”t go to zero, at least not anytime soon. Posted Yesterday — “Edited”
Josey — Chameleon – I was thinking of getting in so it probably is a top. :) The thing that makes me want to buy is short covering causing the UWTI to explore the 4”s Posted Yesterday
Brett-ster — Rod, any insight into TRIP? Support area? Posted Yesterday
Chameleon — So I was talking to Gail this morning in her kitchen over coffee, Carl Icahn”s wife. I”m up Josey, at least in the career arena. Posted Yesterday
Rod-David — AAPL — I just cancelled the 124.50 sell stop because it is only now being attacked, and S&Ps just hit a big target at 2070 basis Jun Posted Yesterday
Chameleon — seemed like the time to load the UTWI boat was 2 bucks. If it nears that vicinity again, it won”t stay there for more than a minute now. Just a guess. Folks are on to the play, and its volatility. Big gains in small time increments. Just keep flipping DWTI and UWTI. Though DWTI will be the loser in the long run. Posted Yesterday — “Edited”
Josey — +1 Posted Yesterday
Josey — I have been buying this sale today and now thinking of liquidating. O my nerves. Posted Yesterday
Rod-David — TRIP — 60.05 is basically the edge of support, and this much time having been spent retracing the recent surge should be ready either to recover, or to start trending back down. Posted Yesterday
fennecby — hey Rod.
So what”s the target on oil on this new upleg? Posted Yesterday
Brett-ster — Thanks Rod. DO you mean 80.05? Posted Yesterday
Rod-David — TRIP – Yeep, that”s right, should be 80.05, not 60.05… thanks! Posted 23 hours ago
Chameleon — tremendous resistance level is where oil is, however expecting some retracement is natural. That said, lots of folks are loading their boats in anticipation of an eventual breakout. The downtrend for stocks like FITX can bleed to zero. Oil, not so much, even if you see temporary loses. Posted 19 hours ago
Josey — What about GILD, most impressive earnings. Thinking analyst will have big targets going forward. Posted 18 hours ago
casjf — KITE – support at this point? Posted 17 hours ago
recentiy03 — Curious about GILD, too, you mentioned possibly opening a position if earnings were good, which I did AH yesterday, although the response has been rather tepid so far. Posted 17 hours ago
Brett-ster — Rod, what”s your target for CARA? Posted 17 hours ago
Jo B — GOGO resistance n support please Posted 17 hours ago
recentiy03 — Does CARA dropping below 10.6 for a moment negate the head and shoulders bounce possibility after the retracement, or were you just using a very tight stop at 10.65? Posted 17 hours ago
Rod-David — Stop will be placed after this morning, I”m giving the dip some room since RSIs contine to diverge positively. Posted 16 hours ago
Rod David — KITE — Support at 47.80 Posted 16 hours ago
Rod David — GILD — Looking at long-entry above 106, as a beneficiary of rotation among Biotechs out of leadership and into laggards. Posted 16 hours ago
Rod David — CARA — 13.75 target, and potentially 16.75 Posted 16 hours ago
Rod David — GOGO — 19.75 support, 24.75 resistance. Posted 16 hours ago
Jo B — Ty Posted 4 hours ago
Jo B — Rod does CANV have a support? Posted 2 hours ago
Rod David — CANV — Downtrending into new lows doesn”t have a support, so much as it has levels that might stop the decline. Like 1.47 and 1.15. Even if either one of those or some other level were the low, the pattern shouldn”t reverse up quickly, but rather bottom for awhile. So, until there is some basing action, a low can”t even be considered. Posted 2 hours ago
Jo B — Ty Posted 2 hours ago
Rod-David — CARA — I”ll place a 10.25 stop assuming the close holds above 10.30 Posted 47 minutes ago
Rod-David — Top-tick remorse… I”ll probably re-short today if 51.15 isn”t exceeded through the close, and especially if yesterday”s ~49.50 low is broken. Posted 17 hours ago
fennecby — what”s your view on GTLS?
Seems to be bouncing (well, not quite yet) off of uptrending support.
(the trend going back to mid-January) Posted 16 hours ago — “Edited”
tamaramessmann — NTRI relevant levels? Posted 15 hours ago
Josey — Any back filling requirement”s on GILD. Like 102.60 or fill gap? Posted 15 hours ago
Rod David — NTRI — So long as 20.60 holds as support, 22.25 and the 24 area are in-play Posted 14 hours ago
Rod David — GTLS — The uptrend support looks interesting. Also, Fibonacci support at 36.55-37.00 being tested now, too. Back above 40 would signal it was absorbed and reversed. Posted 2 hours ago
Rod David — GILD — 101.80 could be tested as support if 104 doesn”t hold. Posted 2 hours ago
fennecby — thanks. Posted an hour ago
Rod-David — CARA — I”ll place a 10.25 stop assuming the close holds above 10.30 Posted 47 minutes ago
Josey — Everyone have a great weekend :) Thank You Rod! Posted 16 minutes ago