Bigger Picture
And now, for purposes of
And now, for purposes of populating the search engine, here are the last comments of Stock Technical Trader. It has been a privilege, and I hope will continue to be, in sharing my perspective and offering my guidance. See you soon!
Josey — Would resistance on RAD now be 850 or 8.80 area or ?
Posted 2 weeks ago —
Rod-David — Either
Posted 1 week ago —
guanito — long DOG
Posted 1 week ago —
Josey — NUGT has a good pullback here (to large??), do you think filling the gap(Aug. 19) or more downside to come. Golds up but all or most gold stock down considerably today. Looking long:) TY
Posted 1 week ago — “Edited” —
Rod-David — I’m still bullish on Gold. I can’t really speak to NUGT’s gap, but the underlying is impressive
guanito — Tku
Posted 1 week ago —
Miss Kitty — Looking to short FB what is the minimum lower objective and what higher price would signal it’s time to cover the trade?
Posted 1 week ago — “Edited” —
Rod-David — FB The recovery limit or stop would be determined after knowing the recent low. Likely, many stocks will open today at substantially lower lows.
casjf — Rod, am assuming we need a second higher close for the markets tomorrow to be sure of recovery, correct?
Posted 1 week ago —
Rod-David — Today isn’t a breakout, so closing higher tomorrow won’t have any significance
Posted 1 week ago —
casjf — Thanks Rod, can always rely on you for a reality check. Much appreciated!
Posted 1 week ago —
Brett-ster — Actually managed to make a little money today thanks to Rod highlighting LXRP a week ago. Thanks boss!
Posted 1 week ago —
Rod-David — SRNA — Basically testing .14 pullback limit. Today’s .12 low must hold to maintain the potential for resuming the rally, or at least for retesting the high.
Posted 1 week ago —
Rod-David — TRTC — I would like to have seen the .09 handle today that we’ve been discussing. Perhaps a little too optimistic not to probe lower while it could. The alternative buy signal remains a close above .16
Posted 1 week ago —
Rod-David — LXRP — Gradually trending higher but volume is not expanding as it could be, and as it should on any further high to confirm a rally is underway and not just noise.
Posted 1 week ago —
casjf — DUK – sold today, but would appreciate getting the support(s) under 72.55
Posted 1 week ago —
guanito — etf shorts – SPXS, SH,SDS, TOTS, TZA
Posted 1 week ago —
Rod-David — DUK — Next lower support is 68.47.
Posted 1 week ago —
Scotty B — CDE: testing $3.20 range. If this holds, do you consider this a good time to re-enter?
Posted 1 week ago —
Rod-David — CDE — Yes, this is the area that must hold for the pattern to remain bullish
Posted 1 week ago —
Scotty B — Thanks, buyers coming in at $3.05 – including me :)
Posted 1 week ago —
casjf — AAPL – Are you thinking there will be another opportunity to buy AAPL in the 2-digits? If so, which 2 digits?
Posted 1 week ago —
Rod-David — AAPL — 93.25-95.00 should be retested again in even the most bullish scenario
Posted 1 week ago —
casjf — After today’s close, do you think for DUK 68.47 will hold tomorrow as support? Likewise for AAPL, is 93.25 a more probable low or something even lower?
Posted 1 week ago —
guanito — GLD bounced right off the fib level.108.73
Posted 1 week ago —
Rod-David — DUK — It’s not in an uptrend, so there’s no requirement for it to hold or to recover. I don’t otherwise have a good feel for this pattern.
Posted 1 week ago —
Rod-David — AAPL — My target was sub-100, and its test defines the low. It has no reason to hold if the broader market is falling apart again. But if the market is bottoming, then this should be a decent performer.
Posted 1 week ago —
KiteGradient — KITE appears to have reacted off 45. Any thoughts on stops and target? Or wait? Thanks
Posted 1 week ago —
Rod-David — KITE — Certainly reacting to a test of 45, but not yet probing above a prior high. It seems like it went to great lengths today to avoid probing above Friday’s high. I would want to see a little more stability, or at least another fresh low rejected
Posted 1 week ago —
Rod-David — CDE — Silver broke under 14.65, which was a relevant support for characterizing its recent decline as only a temporary pullback. So, CDE is also breaking under yesterday’s low, which was relevant support. There’s potential for a corrective bounce off of 2.95, but no requirement, and lower lows have become likely
Posted 1 week ago —
fennecby — hey Rod. What’s your current target below on CARA?
Posted 1 week ago —
Rod-David — CARA — There’s no lower target. My objective was a dive back into the gap as low as 17. Its first test reacted up to test 20, and now its second test must hold as support and recover 19 to signal a new upleg underway.
Posted 1 week ago — “Edited” —
casjf — So does this mean the market is safe to go up from here?
Posted 1 week ago —
Rod-David — I don’t think so. We’ll look at it pretty deeply during tomorrow’s Livestox
Posted 1 week ago —
fennecby — thanks.
Posted 1 week ago —
casjf — KMI – is this still in a downtrend or is it finally going up?
Posted 1 week ago —
Rod-David — KMI — Still an ongoing series of lower lows and lower highs, but a couple of closes above 32.75 could at least start to signal bottoming
Posted 1 week ago
guanito — Tku
Posted 1 week ago —
KiteGradient — Thanks
Posted 1 week ago —
Tony 48.75VAPEs — MDBX just broke .20 down to .184. Game over for the rally, or could this still be considered holding .20 if it gets back above and holds it?
Posted 1 week ago —
Tony 48.75VAPEs — it opened below .20 as well obviously. I assume it at least needs to hold the open (and low of day so far) of .181?
Posted 1 week ago —
Rod-David — MCIG — Another week, another rejection of probing under .035. We discussed this specifically during yesterday’s Livestox. Today’s high-volume surge is credible for extending higher.
Posted 1 week ago —
Rod-David — MDBX — .145 support is shared by multiple patterns. So, any potential for recovering would likely require holding it as support.
Posted 1 week ago —
Jo B — Rod does silver and gold always go opposite of the dollar?
Posted 1 week ago —
Jo B — Rod my laptop is at 100% volume and I can barely hear the video. is there any way to increase the volume next time? I had the same issue on 420I and they were able to adjust it somehow.
Posted 1 week ago —
Scotty B — GDX: looks like double bottom. Would you concur if accumulation on volume continues?
Posted 1 week ago —
Rod-David — Gold and Silver have gone opposite of each other, especially in the past week.
Posted 1 week ago —
Rod-David — I’ll see what I can do about upping the volume input for the videoo software
Posted 1 week ago —
Rod-David — GDX — That would qualify as a double bottom, still needing confirmation from two consecutive higher closes above 14.50
Posted 1 week ago —
Scotty B — Thanks!
Posted 1 week ago —
Scotty B — TWTR: Do we need to see a close above $27 for the pullback to be over?
Posted 6 days ago —
Rod-David — TWTR — The pullback won’t signal it’s done until recovering 28.30. But the test of 24 support still look like it has held as support.
Posted 6 days ago —
Scotty B — Thanks!
Posted 6 days ago —
Scotty B — Was a very good week for Scotty B. Rod, thanks for coverage. When will we get details on the new site??
Posted 6 days ago —
Rod-David — This weekend, waiting on my developer to load the welcome page
Posted 6 days ago
guanito — Tku. Waiting for plunge #2. Might happen today. One of these times it’s going to take our breath away.
Posted 4 days ago — “Edited” —
Scotty B — SRNA: testing .12 would we consider this a re-test of last Monday’s low and if it holds would you consider this a good sign for a long position?
Posted 4 days ago —
Rod-David — SRNA — Not holding .14, or at least overlapping it at the close, would concern me that a deeper drop to .09 is underway. So, buying a dip testing .12 should consider exiting if .14 isn’t being recovered at the close
Posted 4 days ago —
Scotty B — Thanks!
Posted 4 days ago —
Scotty B — Is there a numerologist in the house? .09 seems to be popular for TRTC and SRNA :)
Posted 4 days ago —
casjf — SZYM – A while back you had indicated it needed to get above 2.75 to be a buy, still true?
Posted 4 days ago —
Rod-David — SZYM — 2.75 and 2.95, on expanding volume, would be bullish
Posted 4 days ago —
Tony 48.75VAPEs — CBIS. You had said the most recent surge was credible. With the failure to extend higher Friday and today’s pullback, is it still credible?
Posted 4 days ago —
Rod-David — CBIS — Looks like it’s forming a symmetrical triangle, preferably holding .127 (if not also touching it one more time) before launching a new rally leg.
Posted 4 days ago —
Tony 48.75VAPEs — do you mean .027?
Posted 3 days ago —
Rod-David — Yes, thanks
Posted 3 days ago
casjf — KITE & WDAY – next 2 lower levels of support please; AAPL – do you think 93.25 or 95 is the more likely low at this point?
Posted 3 days ago —
guanito — Tku
Posted 3 days ago —
Rod-David — KITE, WDAY — What is the usage of the lower support levels… to buy into, or to cover an existing short?
Posted 3 days ago —
casjf — Thanks for checking — to buy into
Posted 3 days ago —
Scotty B — T: AT&T I am starting to like re-test of lows here today. Would you agree if the $32.50 range holds a good time to start accumulation?
Posted 3 days ago —
Rod-David — AAPL — Neither 93.25 nor 95 is likelier than the other to be the low. Also, neither is required to be the low, as the pattern may have turned the corner.
Posted 3 days ago —
Rod-David — T — 32.75 area is a 3-year low, often retested and often held. But then often retested. Lower and lower highs suggest weakening sponsorship, making a break lower inevitable. In fact, it was just probed down to 31 for the first time in more than 3 years. I would rather buy strength above 35.
Posted 3 days ago —
Rod-David — KITE — This continues to be a downtrend. But its next lower objective is 30.40-38.75
Posted 3 days ago —
Scotty B — Thanks!
Posted 3 days ago —
AdrianAvant — Hey Rod – GPRO – This mornings gap down from what looked to me to be a symmetical triangle? When would you consider a buy in for a retracement/bounce play? Do you see divergence in price RSI/MACD on the 20 day chart as related to this mornings price action?
Posted 3 days ago — “Edited” —
Rod-David — WDAY — Longer-term bearish pattern, next targeting 58.55 and potentially 46.60
Posted 3 days ago —
Rod-David — GPRO – Ranging since Monday’s low does resemble a triangle, but I see a couple of consolidations at either end of the range disqualifying the pattern. A triangle should essentially trend from one end to the other and back again. So, what might have been a false break could be something more durable. In fact, so long as 47 wasn’t recovered for two consecutive sessions, I’m looking for fresh lows next targeting 36.40
Posted 3 days ago —
guanito — STEV broken – or it depends upon the close? Tku
Posted 3 days ago — “Edited” —
Rod-David — STEV — Holding tests of .049-.051 doesn’t interfere with the upside momentum
Posted 3 days ago —
guanito — figures – I hit a 51 bid. Tks
Posted 3 days ago —
guanito — FAZ is fabulous! 3X bear fund. If you’re long a bear fund are you short? sorry :( 1867 was a very good year.
Posted 3 days ago — “Edited” —
guanito — just learned something about leveraged funds – don’t stay in there long!
Posted 2 days ago —
guanito — where is everyone? Did this thing switch over already?
Posted 2 days ago — “Edited” —
Rod-David — Not yet ;)
Posted 2 days ago —
Tony 48.75VAPEs — Looking to get in GNBT. Any good levels you see for a pullback in the near term?
Posted 2 days ago —
Rod-David — GNBT – Very attractive volume action. Pullback should hold .0117-.0125
Posted 2 days ago —
fennecby — any new outlook on WYY, after that relentless 4-week 50% haircut?
you said it could go to 1$, I ignored.
it’s at 1$.
Posted Yesterday —
Rod-David — WYY — Still nothing accumulative, with lower lows targeting ..80 and potentially .35. Closing back above 1.35 would be the first sign of bottoming instead.
Posted Yesterday —
fennecby — thank you.
Posted Yesterday —
casjf — SUNE – support & resistance
Posted Yesterday —
Rod-David — SUNE — Needs to hold 11 as support to maintain potential for extending to 14 and 15. Back under 10.25-10.30 could be probing new lows under 8 rather quickly
Posted Yesterday —
Josey — Hi Rod, I signed up for your chartroom through the Pay Pal account. Since then (today) Marketfly contacted me to continue the service there also. The marketfly will automatically change the technical trader to your site correct? (need to do nothing) TY
Posted 22 hours ago —
Rod-David — Thank you! I’m not sure what that other message means, it certainly has nothing to do with my product. I’ll be contacting you with new login instructions after tomorrow.
Posted 21 hours ago —
Scotty B — AMBA: seems to be holding April’s top. looking for strength above 74 to re-enter. Do you agree?
Posted an hour ago —
Scotty B — MDLZ: filled gap from 7/29. Looks like a durable recovery in place. Do you agree?
Posted an hour ago —
casjf — No LiveStox this week?
Posted 32 minutes ago —
Rod-David — No, a lot going on with the site transfer. But 2 livestox weekly going forward, one intraday and one post–close, with much better software
Posted just now —
casjf — Looking forward to it! I’ll be signing up today.
Posted just now
The Investment Policy Committee
Welcome to the Investment Policy Committee. I know, another committee. Sounds exciting. Actually, you’re going to love this.
The Investment Policy Committee combines crowd-sourcing stock picks for an actively managed portfolio, with learning how to analyze stock charts for yourself.
You’re invited to sign-up this week for two weeks free. Two weeks to see how it works, two weeks during one of the most interesting market environments that I’ve ever experienced. And I traded Black Monday in ’87… Oh, and if you stick around, you’ll get the charter member 20% discount off of $30.
Sign-up here and now, or keep scrolling for more info
Committee members (i.e. you and other subscribers) present a stock idea during one of our twice-weekly live webinar chats. Then, using that stock’s chart, I review its history, identify its active patterns, and point out the chart’s challenges and potential. And it’s all done with an emphasis on educating you on charting technique.
I recommend specific actionable parameters for stocks that are voted through committee, and then place orders with a virtual portfolio service / partner. All members are emailed the orders as they are placed, changed and filled. It is your choice whether or not to copy these moves in your account.
By the way, you’re welcome to use our meetings to request instant chart analysis of your own stocks. Prizes, credits and discounts are awarded for participation and leadership.
So, ready to sign-up?
[contact-form 5 “Untitled”]
It has taken a little
It has taken a little longer than I described last week during Livestox, but the plunging has resumed. There”s a small window during the open to test overnight lows and to hold them, perhaps clearing the way for a morning rally. But while possible, a bounce is not required, so be careful “knife-catching” if so inclined. And since the plunge into last week”s low largely avoided the Cannabis stocks, their turn may have come, so be confident in what you own and prepared for opportunities (although probably not today).
The Universe, week of Aug 31 2015… Big news.
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 ||
Good
week, or bad? From the cannabis sector”s perspective, I”m not really sure. The broader market fell apart — humpty dumpty style, in my opinion, although that remains to be seen. Cannabis stocks held up relatively well, which is to say that they held. Of course, after their collective performance since last April”s peak, we can imagine them looking unimpressed by the broader market”s plunge.
As for the broader market, you already know that we”re adding a new aspect to this service called “The Investment Policy Committee.” I”m launching it offsite, and moving the cannabis stock coverage there, too, before the Labor Day weekend.
Look for a direct contact from me later this weekend with a complete description of the new service, and a FAQ regarding what this means to you, how it is being administered, and what steps you might need to take.
Meanwhile, back to business:
| Marijuana Stock Universe for August 31, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 4 | 3.96% |
| trends* | # flat: | 16 | 15.84% |
| # 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 | 1.000 | 1.950 | down |
| AGTK | 0.000 | 0.009 | down |
| AMMJ | 0.125 | 0.272 | down |
| ARNA | 2.410 | 3.320 | 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 | 0.520 | 0.610 | down |
| 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 | flat |
| CBDS | 1.630 | 2.660 | flat |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.020 | 0.041 | flat |
| 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 | 0.009 | 0.015 | down |
| EDXC | 0.019 | 0.047 | down |
| ENCC | n/a | n/a | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.017 | 0.037 | down |
| ERBB | 0.003 | 0.006 | flat |
| 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 | down |
| HEMPD | 0.050 | 0.107 | 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 | down |
| 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 | 0.145 | 0.240 u 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 | flat |
| OGRMF | 0.208 | 0.337 | down |
| OSLH | 0.000 | 0.001 | down |
| OXIS | 0.015 | 0.027 | down |
| PHOT | 0.010 | 0.030 | down |
| PLPL | 0.109 | 0.177 | 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 | 0.082 | 0.165 | down |
| SRNA | 0.100 | 0.185 | 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 | 1.100 | 1.380 | down |
| UPOT | 0.080 | 0.270 | down |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.088 | 0.275 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.024 | 0.045 | up |
| VPCO | 0.069 | 0.840 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.005 | 0.013 | flat |
| XTRM | 0.001 | 0.004 | down |
| XXII | 0.430 | 0.780 | down |
Saturday Review’s recording (for 8/29/15) … Bounces vs. bottoms.
This weekend”s Saturday Review described the recent plunge and its current bottoming attempt, elaborating on why it”s only a bottoming attempt and not a durable bottom. The likeliest paths Sunday night and Monday morning were described, with ideas for playing them. The discussion included a perspective on rationalizing / justifying a trade, and the necessity of abandoning a trade…
The following stocks were discussed, including a brief discussion of the difference between price momentum (as expressed by MACD) and buying/selling strength (which is depicted by RSI). The chat transcript follows:
SVXY, FCX, S, OGZPY, PAAS, SIG, SNH, NGD, DPZ, TPX, PII, INTC, BOFI
08/29/2015 09:31:56 David B: good morning
08/29/2015 09:32:13 joep: gm
08/29/2015 09:32:18 Charles Daniel: hi0
08/29/2015 09:32:24 Mark Glezer: gm
08/29/2015 09:46:07 Mark Glezer: would u expect a move down to happen in
a single intraday leg?
08/29/2015 10:11:14 lloyd: any timing for testing low or breaking it?
I”m just checking I”m to ask question. If already answered ignore. i wi
08/29/2015 10:12:12 lloyd: I will listen to recording. have to go Thx
08/29/2015 10:19:21 Miss Kitty: What are some lower targets along the
way?
08/29/2015 10:27:55 steve: can you look at SVXY?
08/29/2015 10:31:39 David B: FCX,S
08/29/2015 10:34:31 MK: OGZPY
08/29/2015 10:35:15 MK: PAAS
08/29/2015 10:35:50 MK: SIG (Short)
08/29/2015 10:36:07 MK: SNH
08/29/2015 10:36:22 MK: NGD
08/29/2015 10:36:38 MK: DPZ (Short)
08/29/2015 10:37:44 MK: TPX (short)
08/29/2015 10:38:16 MK: PII (SHORT)
08/29/2015 10:38:34 MK: INTC (SHORT)
08/29/2015 10:39:03 MK: BOFI (SHORT)
08/29/2015 10:39:19 MK: sorry but i have to take care of something so
i”ll watch the stocks on the recording
08/29/2015 10:55:10 MK: ok
08/29/2015 10:55:12 MK: thats fine
08/29/2015 11:06:07 Josey: Thank you Rod! part of todays discussion was
me. I am always learning from your teaching
08/29/2015 11:06:16 joep: same to you
08/29/2015 11:07:03 Charles Daniel: tks!

