Bigger Picture
Sunday night’s Globex chaRTroom link…
[FYI, OmniJoin’s new version recording process is untenable, taking much too long to download. I’ll find out Monday whether the original version’s instant recording format is still available. Meanwhile…]
CLICK HERE for the anymeeting link to view Globex in the chaRTroom.
The Universe, week of Dec 21 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.]
Of two timely picks the past two weeks, each continued higher, but only remains timely. INSY isn’t showing any new signs of accumulation. But SPRWF is has patiently avoided another 3rd day surge that might have ended its rally for awhile. Except for a couple of surges in MCIG, the rest of the pack shows little upside intention as tax loss selling season starts to end. Bah, humbug!
| Marijuana Stock Universe for December 21, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 12 | 12.00% |
| trends* | # flat: | 8 | 8.00% |
| # down: | 80 | 80.00% | |
| *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 | 0.140 | 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 | 0.015 | 0.037 | down |
| 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 |
| LXRP | 0.180 | 0.280 | up |
| MCIG | 0.025 | 0.055 | flat |
| 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 | 0.500 | 1.400 | down |
| OGRMF | 0.510 | 0.920 | up |
| OSLH | 0.000 | 0.001 | down |
| OXIS | 0.009 | 0.019 | down |
| PHOT | 0.004 | 0.014 | down |
| PLPL | 0.053 | 0.121 | down |
| PMCB | 0.072 | 0.098 | 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 | 0.040 | 0.088 | 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 | 0.074 | 0.120 | down |
| STEV | 0.022 | 0.039 | 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 | 0.010 | 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 | 1.060 | 1.440 | up |
Saturday Review’s recording (for 12/19/15) …
The Saturday Review focused on the WedEX signal that inverted to bearish. Its consequences for Monday have great consequences for the week, as holiday seasonality nears.
MP4 version
UserID: OmniJoin || Password: F12151
I added several January Effect candidates into the stock requests, which were reviewed in this order:
AAPL, LNKD, GS, GPRO, TWTR, FEYE, IMAX, GOOGLE, TSO, VLO
Steve Marriott : 12/19/2015 9:29:47 AM
good
iPhone (2) : 12/19/2015 9:30:08 AM
Gm
Thomas : 12/19/2015 9:33:33 AM
are you speaking if so I have no sound
glezer : 12/19/2015 9:33:41 AM
gm
glezer : 12/19/2015 9:33:54 AM
very clear
ROD DAVID : 12/19/2015 9:33:55 AM
yes speaking
Steve Marriott : 12/19/2015 9:33:58 AM
audio is stil good
ROD DAVID : 12/19/2015 9:34:16 AM
Tom, do you want to retry logging in, or use the backup link?
Thomas : 12/19/2015 9:34:25 AM
ok I got it
glezer : 12/19/2015 9:38:17 AM
still clicking
glezer : 12/19/2015 9:50:04 AM
since this is a tipping point it might be still defended before breaking down or is it too late for that?
Thomas : 12/19/2015 9:53:43 AM
does it have to break on a closing basis
Thomas : 12/19/2015 9:58:34 AM
if it breaks intraday then comes back into the channel is it likely to goto new dowmtrending resistance or revert back down
admin : 12/19/2015 10:00:20 AM
when the wed ex inverted does this mean big money had changed their mind?
Steve Marriott : 12/19/2015 10:04:19 AM
Please repeat what are you saying about 1949
admin : 12/19/2015 10:07:24 AM
we’ve talked aboout money managers chasing perfomance is it possible hedge fund liquidation could also be a big influence into the end of the year?
admin : 12/19/2015 10:07:54 AM
meaning they have received customer requests for redemptions
glezer : 12/19/2015 10:08:20 AM
big money influence into the holidays should be obvious by Tue morning?
admin : 12/19/2015 10:10:01 AM
does option strike price breaks for like the spx has been talked about cause more elling that we may of seen he last two days?
admin : 12/19/2015 10:10:11 AM
selling
glezer : 12/19/2015 10:10:48 AM
meaning if a big move happens it should be done by Tue morning?
admin : 12/19/2015 10:12:25 AM
they said when spx broke like 2016
admin : 12/19/2015 10:12:30 AM
yes
admin : 12/19/2015 10:13:10 AM
meant 2016 futures
admin : 12/19/2015 10:13:13 AM
ok
glezer : 12/19/2015 10:19:17 AM
indexes?
Thomas : 12/19/2015 10:19:21 AM
lnkd,gs
Steve Marriott : 12/19/2015 10:19:45 AM
better now
Thomas : 12/19/2015 10:19:47 AM
yes
Thomas : 12/19/2015 10:20:02 AM
I am fine
admin : 12/19/2015 10:20:12 AM
good
admin : 12/19/2015 10:23:44 AM
just going back to my question on the option stock price which i want to correct from 2016 futures to 2015 futures spx 2025, does this mean people at that strike have to sell and this brings more downside pressure that other technical levels are not revelant to trade?
Thomas : 12/19/2015 10:27:56 AM
big call options just bought on GPRO
Thomas : 12/19/2015 10:28:49 AM
imax,googl
admin : 12/19/2015 10:29:22 AM
TSO,VLO
admin : 12/19/2015 10:35:13 AM
some of the the commodity stocks would not be jan candidates?
admin : 12/19/2015 10:44:13 AM
could you answer my other question about option strike price
admin : 12/19/2015 10:46:53 AM
what about some of the dow stocks?
admin : 12/19/2015 10:48:35 AM
thanks
glezer : 12/19/2015 10:49:58 AM
clicking is somewhat annoying but not a deal killer for the platform
Steve Marriott : 12/19/2015 10:50:27 AM
no, it’s when you’re speaking
glezer : 12/19/2015 10:50:30 AM
no – when u talk it appears
Thomas : 12/19/2015 10:52:10 AM
looking at transports vs spx quite a divergence.
glezer : 12/19/2015 10:52:40 AM
NQ is outperforming somewhat?
admin : 12/19/2015 10:52:47 AM
what about the russell?
admin : 12/19/2015 10:53:04 AM
does it play any relevance?
glezer : 12/19/2015 10:53:17 AM
thx much
Thomas : 12/19/2015 10:53:49 AM
thanks
admin : 12/19/2015 10:54:21 AM
thanks
Steve Marriott : 12/19/2015 10:54:36 AM
thx
Saturday Review Link
Be sure to join us at either link below by 9:30am ET for this weekend’s Saturday Review.
We’ll discuss the bigger picture, and then review any stock charts that you request.
Daily Spot… And a video!
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. CLICK HERE FOR A RECORDED FRIDAY MORNING UPDATE
Eurodollar Dec Contract (EC, ETF: (FXE, UUP))
The dip targeting 1.0750-1.0785 didn’t really extend Friday, as the session was spent only ranging narrowly around Thursday’s lows.
Gold Feb Contract (GC, ETF: (GLD))
Thursday’s Descending Triangle broke higher instead of lower. The lowered 1061.50 buy signal was recovered, after probing it earlier to test the 1070.00 previous buy signal. A second consecutive higher close would launch an upleg. Back under 1057.00 would target new lows at 1038.50-1041.00.
Silver Mar Contract (SI, ETF: (SLV))
Having fulfilled the required third lower close at 13.69 Thursday, Friday’s surge recovered Wednesday’s gap up to test 14.10. Its recovery would signal a bottom is forming. Back above 14.35 would launch a rally leg.
30-year Treasury Jan Contract (US, ETF: (TLT))
The 155-29 corrective bounce target was exceeded by gapping up Friday to 156-24, which a bounce retested after filling the gap back to Thursday’s close. The sell signal is unchanged at 154-30.
Crude Oil Jan Contract (CL, ETF: (USO, USL) (UWTI-long, DWTI-short))
Fulfilling the required retest of Sunday night’s 34.50 low allowed a close above 35.45 to reverse momentum up. Its intraday test was rejected to fresh lows on the afternoon Rig Counts. The low held as support, but still needs a recover to prove a bottom is in.
Natural Gas Jan Contract (NG, ETF: (UNG, UNL))
Thursday night’s drop essentially fulfilled its potential to test 1.67 and recovered to open testing 1.80. It proved to be an inside day, still testing 1.77. But back above 1.82 and 1.85 would now seal a bottom.