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Bigger Picture – Page 421 – If, Then… Market Timing

Bigger Picture

Look ahead: Economic Calendar – for Tue Dec 15, 2015

By Rod David | December 14, 2015 - 12:34 pm

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: Tuesday’s calendar is relatively busy and consistent. Several of its items are high-profile, but only the pre-open CPI has a track record of influencing price action.

*Consumer Price Index
8:30 AM ET

Empire State Mfg Survey
8:30 AM ET

Redbook
8:55 AM ET

Housing Market Index
10:00 AM ET

4-Week Bill Auction
11:30 AM ET

Treasury International Capital
4:00 PM ET

Posted in Bigger Picture, Econ Calendar

The Universe, week of December 14 2015… Cutting losses.

By Rod David | December 12, 2015 - 4:20 pm | 22

[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.]

Tax loss selling pressures are in full swing in the Cannabis sector. Downswings. And not just back down to prior lows, but trending under prior lows. And then trending down further.

This is artificial selling pressure, having nothing to do with operations and earnings. It still pressures price down, but it also has a shelf life. Tax loss selling for 2015 ends when 2016 begins.

Removing that unusual selling pressure suddenly gives the usual buying pressure greater impact. This is called the “January Effect.” I’m already seeing 2-3 issues seeming to bottom as they discount this eventuality.

Marijuana Stock Universe for December 14, 2015
Reference this table during stock reactions
4-week # up: 11 11.00%
trends* # flat: 9 9.00%
# 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 flat
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 0.210 0.320 down
GRCU 0.000 0.004 down
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 0.110 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 0.017 0.030 down
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 0.030 0.075 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 flat
Posted in Bigger Picture
22 Comments

Saturday Review’s recording (for 12/12/15) …The faster things change.

By Rod David | December 12, 2015 - 1:11 pm

This fast-changing market enviroinment has gone quickly from attacking prior highs to closing under prior lows. That can be motivated by the uptrend trying to discount its opposition, expending selling pressure so the next upleg is made easier to accomplish. Alternatively, that quick reversal can be a recognition of fundamentals devolving sooner or at a faster pace than was previously reasoned. Neither resolution is quite yet set in stone, but next leg is dangling over the precipice. This weekend’s Saturday Review discussed how the market got here, and how it gets out.

 MP4 version 

The following stock requests were reviewed in this order:
BLK, FB, ADBE, ORCL, AMZN, NFLX, GOOGL, CLVS, OGZPY, DPZ, ROST, EQIX, VC, SUBX

transcript is unavailable

Posted in Bigger Picture, Saturday Review

Saturday Review Link

By Rod David | December 12, 2015 - 8:51 am

This morning’s Saturday Review links are below. Please use the first one, OmniJoin. It takes you right into the room. Let me know if you encounter any difficulty. (If you can’t resolve the entry, then you may use the anymeeting backup link).

Be sure to join us by 9:30am ET. We’ll discuss the gradually eroding bigger picture’s chances of being revived, and then review any stock charts that you request.

 New! OmniJoin (it is XP-friendly)
  or anymeeting backup

Posted in Bigger Picture, Saturday Review