Bigger Picture

Livestox started with a look at the broader market, which is undergoing what still has potential to be only a temporary dip before resuming the rally. Then we discussed the following stocks in this order, each with at least one informative charting tip that can be applied to other stocks and indexes:

CARA

TRTC (hemp, mdbx)

GWPH

ATTBF

GPRO

AAPL

FB

TSLA

BIIB

GILD

CELG

FEYE

KEYW

CYBR

OXIS

TKMR

SCTY

FOLD

AXON

PPCH

Our patient, selective approach to the cannabis sector continues to pay-off. Most recently…
o TRTC finally fulfilled my longstanding .09 target, attacking the room for noise under it down to .077, then surging 25% to touch .10.
o CARA had rallied already 60% and 45% from my last 2 buy signals. It”s gapping up 25-30% today on positive news.

Livestox starts at 12:15pm ET, at
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

Biotechs have been interesting, anyway, as have Tech stocks during the current earnings season (e.g. AAPL). Gold has plummeted further, while Crude Oil continues to slide. There”s plenty to review, so I”ll see you soon…

IF UNABLE TO ATTEND, PLEASE POST ANY STOCK CHART ANALYSIS REQUESTS TO THIS THREAD.

Want to teleconference? Let me know and I”ll join you there:
1-605-562-0020
Meeting ID 976-912-682 #

Prior posts to be indexed by the Marketfy search engine:

Jo B — sounds interesting Rod. thanks. Posted 3 days ago
Rod-David — HEMP — Updating my comments from Friday morning… Held a pullback to its .014 support and resumed its rally targeting .019. Now testing .019. There is room for noise up to .022 before suggesting that something more substantial may be underway. But this is otherwise likely to be the corrective bounce”s peak. Posted 2 days ago
Tony 48.75VAPEs — Trtc has been trading in the .08”s all morning with a few trades below .086… Volume has been relatively low. Do you think the .086 area will hold? What would the next support below .086 be? Posted 2 days ago
Rod-David — TRTC — The same pattern having potential to hold .086 can extend to .077. This area is where the pattern has potential for a corrective bounce to .115, if not also to .145 Posted 2 days ago
casjf — SCTY – If this closes above $58 today and tomorrow, it”s going up, right? Posted 2 days ago
Rod-David — SCTY — That”s essentially correct, although it wouldn”t necessarily be immediate. Until the reversal setup is triggered, today”s surge is vulnerable to being only temporary Posted 2 days ago
Brett-ster — Hi Rod, support and resistance on JMBA please? Posted 2 days ago
Rod-David — JMBA — Forming a reverse ascending triangle. So long as 15.30 support holds, a breakout would target 17.70 Posted 2 days ago
Brett-ster — Thanks Posted 2 days ago
Rod-David — SRNA — I”m disappointed in myself for missing this setup, a perfectly measured Symmetrical Triangle that is surging sharply today from .06. It”s already testing relevant resistance now at .105-.108, and closing above it would would next target .13. Posted Yesterday
Rod-David — TRTC — Pierced under .08, still having potential on this leg to .077. There is no bottoming pattern in development, so any bounce is likely to be only temporary Posted Yesterday — “Edited”
guanito — Tks SRNA. saw it, daytraded it. glad it may have legs. Posted Yesterday
guanito — sitting on retracement level now. .08 Posted Yesterday
Tony 48.75VAPEs — AWGI – How this one looking? 20 DMA recently crossed the 50 and 150. 50 DMA crossed the 150 with averages trending up. The things I look at which are MACD, RSI, Chaikin”s Volatility, and On Balance Volume all seem very bullish to me… It looks like if it gets past the 52 week high of .07 the next big test will be .10, then the .14-.15 area? Posted Yesterday
Tony 48.75VAPEs — ..could use more volume soon maybe would be the only bad thing I can see Posted Yesterday
Tony 48.75VAPEs — needs to get through .06 before .07 Posted Yesterday
Rod-David — AWGI — Chaikin”s money flow family and OBV won”t be reliable in stocks whose spreads between bid/ask represent a large percentage of the share price. Each indicator is calculated from closing prices, which can be very different depending on whether the last trade was a buy or sell. But volume patterns accompanying the various swings do seem to be accumulative, Now testing resistance at .05-.06, perhaps a little pullback is likely before surging higher would be credible. Posted Yesterday
kit650kr — hi ROD how”s it going? Dad found a little biotech he”d like u to parameter for a LT trade….VRML, Vermillion. Thanks a lot . Posted 23 hours ago
Rod-David — VRML — Interesting base, ratcheting higher slowly over the course of this year. Closing above 2.21 on expanding volume should not hesitate extending higher if an upleg is underway. Posted 23 hours ago
casjf — KMI – Is around $34.34 a good place to catch a falling knife or do you think this will fall even further? Posted 21 hours ago
Tony 48.75VAPEs — ERBB is testing support at .003. Any signs that it might get a bounce from here? If it does, where could it bounce to? Posted 20 hours ago
Rod-David — TRTC — Surging this afternoon from testing .08 to attacking .10. The bottoming pattern isn”t yet complete, so bouncing already is premature. Closing at .10 or better would target .12, maybe .135. Probing again back under .08 would be capable of launching a much more substantial rally effort. Posted 20 hours ago
Rod-David — KMI — Lower targets remain in-play to at least 32.85, and a knee-jerk reaction up from a falling knife isn”t going to change that. That said, closing back above 36.76 could bounce temporarily to 40 Posted 20 hours ago
Rod-David — ERBB — This is an ongoing downtrend of lower lows and lower highs, so there won”t yet be any sign of a bounce impending. But a temporary reaction up from support is possible, which at this stage would be signaled back above .0038 Posted 20 hours ago
casjf — VLTC – support & target? Posted 19 hours ago
Rod-David — VLTC – Support is right here in the 7.15-40 area. Back above 8.80 and 10.40 would reverse the trend up Posted 19 hours ago
guanito — CARA opening way high? Posted an hour ago
Rod-David — CARA — Testing 21 pre-open, must close above 18.80-19 to avoid a deeper correction. We”ll review the chart during Livestox today Posted an hour ago
fennecby — guanito – 2nd phase results.
my guess: it goes back to the 13”s first. Posted 50 minutes ago
casjf — fennecby & guanito – re CARA -maybe 13 if the market as a whole pulls back further, but this is a big deal, acting like opioids without the addictive side effects. I may sell half, but I”m leaning to holding because CARA could now be an acquisition target. To me, looks like some have known about this for a couple of weeks and have been accumulating in advance of the news. Imagine that. #sarcasm Posted just now
guanito — took profits already – like a fool.

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.

Stocks discussed during Livestox are listed below in order. Unfortunately, a technical issue prevented saving the chat transcript.

TRTC

MINE

CARA

BLPG

ATTBF

VAPE

NFLX

GOOGL

GILD

CELG

TWTR

TSLA

BABA

AAPL

GPRO

SIVB

FEYE

GLK

USO

GLD

FOLD

IMGN

KITE

SZYM

SRPT

INSY

FLSR

PSDV

Livestox starts at 12:15pm ET, at
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

There”s a rally underway, and option expiration tomorrow. We”ll examine the relevant patterns and their consequences. Crude Oil and Gold have broken lower, which is either part of forming stronger bottoms or else extending their downlegs — we”ll examine those scenarios, too. Meanwhile, you”ve probably already seen my updates on various stocks posted to the Activity Feed, but they”re repeated below for indexing by the Marketfy search engine. Most notably is NFLX meeting its target today, CARA trying to probe above its target, TRTC finally fulfilling its .09-handle target, and more.

IF UNABLE TO ATTEND, PLEASE POST ANY STOCK CHART ANALYSIS REQUESTS TO THIS THREAD.

Want to teleconference? Let me know you”re using this:
1-605-562-0020
Meeting ID 976-912-682 #

Prior posts to be indexed by the Marketfy search engine:
Brett-ster — Rod, BITCOIN has been going up on steadily increasing volume. Any idea on resistance levels? Posted 6 days ago
Rod-David — BITCOIN — Today”s surge is testing a critical area at 274-285.50. This is appearing as a Rising Wedge breaks higher. Closing back under 274 would suggest a pullback to 250 is likelier than extending higher. Posted 6 days ago
Tony 48.75VAPEs — Rod, does it look like UBQU could resume it”s rally or has it done too low of a dip? Thanks Posted 6 days ago
Rod-David — UBQU — Anything between .05 and .15 will not predict the next direction, only the distance for that direction. Breaking above .15 could target .30 or .40. Posted 6 days ago
casjf — RXDX – is this a weird descending triangle, or is this just consolidating? Support & resistance levels please. Posted 6 days ago
Rod-David — RXDX — Seems to be backing-and-filling. If this test of 15.30-15.55 isn”t sufficient to resume the rally, then a deeper dip to 12.85-13.75 had better hold to avoid reversing the trend back down. Posted 5 days ago
Jo B — thanks Rod, on MDCN it”s already at .0001 , so can u please adjust the parameters. and for WOGI what is the resistence? ty Posted 3 days ago
fennecby — morning. Where might TEVA be going? Last time around (March) it added a dime to your target (68.65). Posted 3 days ago
Rod-David — MDCN — Thanks… New parameters are .000-.001 Posted 3 days ago
Rod-David — WOGI — Resistance is .012, thank you. Posted 3 days ago
Rod-David — TEVA — The minimum 68.65 target of March”s rally was indeed pierced by a dime before beginning a reversal down to ~58.50. Now a bounce to 63 is trying to launch another rally leg, which would be confirmed above 64, Its targets would be to retest the high, and possibly also to extend to 75.30. Volume patterns could stand to improve somewhat, but closing back under 60.85 would suggest the rally effort had failed. Posted 3 days ago
fennecby — thanks. Posted 3 days ago
casjf — DUK – support and resistance Posted 3 days ago
guanito — lol MDCN Posted 3 days ago
casjf — EPD – support and resistance Posted 3 days ago
Rod-David — DUK — 75.35 resistance being tested now. Closing back under 72.55 would signal that the test had failed, targeting fresh lows at 68. Posted 3 days ago
Rod-David — EPD — This is an ongoing downtrend with resistance now at 31.55, meanwhile next targeting 28.60 Posted 3 days ago
kit650kr — YO ROD! can you set parameters for IDTI and TIK , please and thank you in advance…..gotta go Posted 3 days ago
casjf — TAN – support & resistance Posted 2 days ago
Rod-David — IDTI — Bounces have room up to 20.45 before being likely to resume the decline targeting 18.50. Closing above 20.45 could begin forming a bottoming pattern. Posted 2 days ago
Rod-David — TIK — Closing above 5.85 and 6.20 would start to signal a bigger upleg underway, especially if accompanied by expanding volume. The pattern otherwise has no requirements. Posted 2 days ago
Rod-David — TAN — 33.75-34.80 support has reacted up, with room to 38.10 before suggesting more than a temporary corrective bounce is underwa. Posted 2 days ago
AdrianAvant — Hey Rod, Posted 2 days ago — “Edited”
AdrianAvant — Hey Rod,
What do you think of ENZN? Is that a flag forming for a potential upward extension? I”m looking at a 60 day chart….looks like it extended up into an ascending triangle before extending up again into a flag formation? Close? Posted 2 days ago
Rod-David — ENZN — Volume patterns continued expanding during the “mast” formation so that the “Flag”s” contracting volume can be considered bullish. I prefer to consider the top”s pattern as a Symmetrical Triangle, a pattern that tends often to break falsely initially before reversing more substantially in the opposite direction. And this triangle has already broken lower, so that no reversing upward on expanding volume would be credible for resuming the rally. Posted 2 days ago
kit650kr — YO ROD! PLZ look at ANIP….can u set resistance for me? Posted 2 days ago — “Edited”
Rod-David — ANIP — One close under the 59.60 pullback limit was enough to attract new sponsorship for firming back up to 62.75, and now to surge higher to test 68, targeting 69.25-70.50 so long as pullbacks now hold 64.80. Posted 2 days ago
casjf — AMSG – support & resistance Posted 2 days ago
kit650kr — thanks BOSS a lot of good things coming out about ANIP lately Posted 2 days ago
casjf — VAPE – the weekly blog shows the trend is down. When is the trend no longer down? Once it gets above ~ .65? Posted 2 days ago
Rod-David — AMSG — Now targeting 75.55 and 84 so long as pullbacks hold 66.40 Posted 2 days ago — “Edited”
Rod-David — VAPE — Switching from downtrend to uptrend requires at least recovering a prior high. Posted 2 days ago
casjf — Thanks, Rod! Posted 2 days ago
Jo B — thanks! Posted 2 days ago
Rod-David — ATTBF — There have been some interesting volume patterns in the nickel area. Closing above .085 would target .127. Fresh lows would otherwise open the door to trading sub-penny. Posted 2 days ago
Josey — Hi Rod, What would be a pullback target on VDSI for a long position? TY Posted 2 days ago
Rod-David — VDSI — 26.70-27.80 pullback limit, the upper-end of which is being tested now, and below which would have room down to 25 Posted 2 days ago
Rod-David — VAPE — Extending higher again today, needing to hold .40 support to maintain the upward momentum Posted Yesterday
Rod-David — TRTC — The consolidation hovering just above prior lows is suggesting that the likely long awaited .09 test will probe even lower before being able to recover. In case of testing .09, I”ll be updating comments immediately. Posted Yesterday
casjf — NLNK – support and resistance Posted Yesterday
Rod-David — NLNK — Now challenging 50.15 resistance, whose recovery would next target 54.25-55.25 Posted Yesterday
guanito — Hi Rod – MINE – on death row? no interest/volume. Tks. Posted Yesterday
Rod-David — MINE — Closing above .004 on expanding volume would be interesting. But there was otherwise no bullish reason to return to .003 where last year essentially finished out, and its obligatory support has already produced a bounce, so fresh lows continue to be likely Posted Yesterday
Rod David — Huge power outage in our area due to a storm which apparently has also knocked out both of my internet connections. Currently making arrangements to broadcast again. Thanks for your patience! Posted Yesterday
kit650kr — YO ROD…look at CELG…new price target of $191.00 from the “professionals”. WHAT DO YOU THINK BOSS? Posted 19 hours ago — “Edited”
Miss Kitty — Update on NFLX please in terms of considering a short entry. Posted 18 hours ago
fennecby — sold CARA today – thanks Rod. In @11.50, out @14.40. Posted 18 hours ago
Rod-David — CELG — My projections get to 154.80, although that would require closing today above 136 and not under 131.50 Posted an hour ago
Rod-David — NFLX — My post-split 745 target equates to 106.42, which is being tested today./ Closing under it today would start to signal at least a corrective dip targeting 95.50. Posted an hour ago
casjf — OHRP – support & resistance Posted an hour ago
casjf — TKMR – support & resistance Posted 38 minutes ago
casjf — Are we having LiveStox today? Posted 37 minutes ago
Rod-David — OHRP – Next targeting 4.50 so long as 3.57 holds as support Posted 32 minutes ago
Rod-David — TKMR — In a downtrend, next targeting 8.7- and sub-8 Posted 29 minutes ago
fennecby — NDRM – both your levels reached and then some (15.75, 18.35).
Now what? (Holding through a 10% holding company). Posted 29 minutes ago
Rod-David — LIVESTOX at 12:15 ET, details coming shortly Posted 29 minutes ago
Rod-David — fennecby — what does “Holding through a 10% holding company” mean? Posted 28 minutes ago
fennecby — Just that there”s a company in Israel that has a 10% stake in NDRM.
Sorry, that was not very clear (-: Posted 26 minutes ago — “Edited”
Rod-David — NDRM — A lot of resistance coming into play at 19.80-21.10. Getting through it would confirm the upleg underway isn”t just retesting January”s prior high to form a Double Top Posted 22 minutes ago
fennecby — thanks. Posted 16 minutes ago