Bigger Picture

Livestox is resuming now… BYOSR (bring your own stock requests)

This morning”s LivestoX starts at 10:45am ET. We”ll review recent sector action, along with updates to the broader market, Crude Oil and Gold. We”ll also include instant analysis of your chart requests.

Login info: (iPads and Tablets use the accompanying teleconference info to get audio.)
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
Meeting ID 976-912-682 #
Other requirements can be found here:
http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/

Following are previous comments for the search engine to index…

Jo B — Can u make any sense out of WDHR? no bid Posted 6 days ago
KiteGradient — Can you take a peak at EDXC (big move retrace target?) and KITE (biotech correction, close above 60 any meaning?) Thanks, I”ll try to make the feast. Posted 6 days ago
Jo B — Iwill watch the replay after work. Posted 6 days ago
Rod-David — WDHR — This isn”t really trading, so technical analysis of it is not possible Posted 6 days ago
Rod-David — EDXC — I pointed out yesterday the big resistance at 4.90… is that what you”re looking for? Posted 6 days ago
Rod-David — KITE — Will need to close above 67-68 on expanding volume to signal the drop has ended. Posted 6 days ago
guanito — CRMD pls. Long looking for target. Tks Posted 6 days ago
guanito — Also please examine the recent action in MDCN. Tks. (only got 200% of it) Posted 6 days ago — “Edited”
Miss Kitty — Rod, I would like to try your other service for $17 for the first month but I don”t do PayPal. How to proceed? What is the Marketfy link? Posted 6 days ago
Rod David — https://marketfy.com/secure/buy/rod-davids-futu… (hurry, I think it expires within hours) Posted 6 days ago
kit650kr — Yo Guys, look at FANG Posted 6 days ago
kit650kr — ROD, is FANG a real break out? Posted 6 days ago
Rod-David — FANG — I like the pattern, now coming off of a dip to “lower prior highs at 70, and extending to fresh highs above 77. Volume is not in-line with a breakout. Posted 6 days ago
tamaramessmann — Rod when will the link for livestox be available. I missed alot of it and would like to watch it. Thank you Posted 6 days ago
kit650kr — +1 Posted 6 days ago
kit650kr — ROD- KBE tested 32.68 already today, R we close enough yet to buy? Posted 6 days ago
Rod-David — KBE — Is 32.68 close enough to 32.50 to satisfy its selling pressure? Yes, just not as optimally. Posted 6 days ago
kit650kr — I can”t do Optimal anymore BOSS, I try… Posted 6 days ago
Rod-David — ;) Posted 6 days ago
Rod-David — If you”re buying a dip, then 32.50 could be considered a stop. Posted 6 days ago
kit650kr — gotcha Posted 6 days ago
fennecby — kit – I believe what you MEAN to say is “I can”t do optimal YET”. When you”re big and strong-minded like Rod perhaps you will be able. Me? I don”t even try… Posted 6 days ago
kit650kr — Fenn: I”m just glad that something Rod”s taught us, sticks in my brain damaged head!! LOL but really with his help, so far I”ve done better, he”s helped me become more nimble and a lot more confidant Posted 6 days ago
fennecby — (-: Posted 6 days ago
Chameleon – I don”t see the crude bounce sustained due to underlying factors like storage and therefore am more interested in watching DWTI for an entry. Round trading numbers like 2 bucks for UTWI seemed to work, and now I”m wondering if 100 bucks is the sweet spot for buying into DWTI more. Makes no rational sense, but traders seem to like round numbers. Posted 6 days ago — “Edited”
Rod-David — Interesting thoughts… For what it”;s worth, any upside follow-through in this pattern should reach its objective quickly, and any hesitation would suggest the upside had ended. Posted 6 days ago
kit650kr — we got in some oil today Posted 6 days ago
fennecby — Rod – TRTC, until it clears 0.25 and then .275, this is mostly noise, right?
Though looking at the last 2 months, could this be seen similarly to Crude, as a failed ascending triangle that”s at least likely to go back to the origin at roughly .235? Posted 6 days ago — “Edited”
Jo B — thanks Rod. things are starting to make more sense to me. I know, it”s about time!!! Happy friday Posted 6 days ago
Rod-David — TRTC — I can”t discount the potential for more noise up to .23 and possibly even to .275, but I would still consider it just noise. I”m not seeing the same ascending triangle, more of a downsloping descending triangle, but the principle could be very similar to the crude oil scenario. Thank you for making the connection! Posted 6 days ago
fennecby — (-:
Re my triangle, I”m using the low of the Feb 12 bar, against the highs of the next 10 days or so, all at 0.23 and change. A bit crude, I know, and I don”t have an inside sessions look, just a daily.
On a different note, so would you see UWTI as a buying opportunity here? Posted 5 days ago
Rod-David — TRTC — I do see that triangle, but the issue against defining that as a singular pattern is it is part of an ongoing trend. This makes it to me more arbitrary than predictive. Having said that, its swings are still relevant, and retracements into them are still likely to offer some resistance. But we”re not able to anticipate their test, the reaction to their test, or the consequence to a reaction. Posted 5 days ago
Rod-David — UWTI — I”m giving Crude Oil one day to confirm that this is a new bullish paradigm, intent on returning to prior highs, instead of just being a temporary extension of the corrective bounce. Closing above yesterday”s high would suggest the new paradigm. So, if buying UWTI, a fresh high would be helpful confirmation. If buying DWTI, then its stop could be considered a fresh high close in Crude. Posted 5 days ago
KiteGradient — Thanks Rod on the WTI”s Posted 5 days ago
fennecby — gottcha.
You should right a book about patterns, with an emphasis on differential diagnoses. Posted 5 days ago
Rod-David — I”ll stick to using Livestox for that… for now ;) Posted 5 days ago
kit650kr — thanks Rod Posted 5 days ago
fennecby — oh god, did i wright right instead of write? ugh. Posted 5 days ago
Rod-David — Its all right, eye no watt ewe mint. Posted 5 days ago
tamaramessmann — SLF-I would like to establish a long position. What would be a good entry point? Thanks Rod for all of your help. Posted 5 days ago
Rod-David — SLF — A fresh high above 32.75 would be the minimum requirement. I”m concerned the current pattern is a Descending Triangle preparing to break lower Posted 5 days ago
Jo B — i know what u meant too! Posted 5 days ago
guanito — ++
— Most of these tickers don”t even register with my system. I am only familiar with CAFS, RIGH, and PKPH. I wouldn”t hold any of these and RIGH guanito – is impossible to trade. AWGI chart looks interesting Posted 5 days ago — “Edited”
Rod-David — Thanks! Posted 5 days ago
Jo B — Thanks Rod. RIGH is one of those patient plays that u have to hold for months before a pop.. sort of like GERS , DGRI , and AVOP. game playing as usual. the games may just begin again for GERS. short lived as usual Posted 4 days ago
guanito — Actually PKPH is on the radar. Interesting story too. Posted 4 days ago
Jo B — on second thought, RIGH is just a pos, don”t waste ur time! Posted 3 days ago
Brett-ster — Rod, thoughts on IGRW? It”s going wild. Posted 3 days ago
Rod-David — IGRW — Blew through .002 resistance at the open, now likely to test .0026 support at some point on the path higher Posted 2 days ago
guanito — answered my question, tks & good morning. Posted 2 days ago — “Edited”
Tony 48.75VAPEs — Rod, I”m going long either IGRW or PVSP end of day today. Does either stock look better for continuation tomorrow? Thanks. Posted 2 days ago
Rod-David — They”re different from each other. IGRW is a fresh, following volume expansion, and its surge already corrected to within .0002 of my .0026 pullback limit. PVSP has developed a little further already, which isn”t bearish, but it hasn”t yet corrected a leg by at least 61.8%. Posted 2 days ago
Rod-David — So, IGRW has more unfulfilled potential, while PVSP is a more established upleg Posted 2 days ago
recentiy03 — IGRW gapped up from close to .003-.0032; it then went back to .0028, which is where it closed…is the gap now filled? Posted 2 days ago
Rod-David — IGRW — The gap is filled, but now the critical behavior will be to close above the open”s high Posted Yesterday
Rod-David — NTRR — Dipping back to yesterday”s low,.. Closing back above .08 on expanding volume would be credible for finally launching a move to .11 Posted Yesterday
Rod-David — ATTBF — Continues to be my favorite pick in the MJ sector, now making a play for ending the 8-week consolidation. By doing so, it has no excuse at this stage not to close above .175-.18 to trigger a breakout Posted Yesterday
recentiy03 — Assuming IGRW doesn”t rebound and ends up closing above today”s high, do you have any parameters in terms of targets for resistance or support? Posted Yesterday — “Edited”
Rod-David — IGRW — Optimal is to close above the open”s .0032 high, if not also above yesterday”s .0004 high. Not closing above .0029 would make me suspicious of the potential to extend. Closing under .0024 would suggest not holding long while awaiting new evidence of stronger sponsorship being attracted. Posted Yesterday
Rod-David — OXIS — Surges are now starting to compare predictably to the trend”s prior consolidation. Today”s surge is a 61.8% extension of the recent consolidation. Closing above .069 would suggest a three-day surge underway into Thursday Posted Yesterday
Josey — Action and upside potential on ECIGD . Also entry into IMGN or to late? Thinking it will go to 10.50 – 11.?? Thank You! Posted Yesterday — “Edited”
Rod-David — Crude Oil — Yesterday”s last-minute blip-up was rejected enough to probe overnight under yesterday”s lows,. Yet, the blip-up”s high is being retested. Extending higher (like, UWTI above 2.40) would be credible for at least retesting the recent high. Posted Yesterday
Rod-David — GDX — Fresh pullback low testing 18.22 support. Closing back above 18.75 would start to signal a new rally legh is underway. Posted Yesterday
Rod-David — ECIGD — Sorry, not enough data to analyze as a trend. But it does look like .66 needs to hold as support if retested, or else another downleg would be underway. Posted Yesterday
Rod-David — IMGN — Not necessarily too late, but the stage now developing at 9.50 requiires either extending sharply higher to 10.50-11.50, or else correcting to 7.05 Posted Yesterday
Tony 48.75VAPEs — Per your list I would suggest AWGI, IJJP, and Pkph from list one and Cafs, DIDG, and fwdg from list 2….. I would also recommend we remove grey sheet stocks from the list: CANN, fspm, phot, etc. Posted Yesterday
Rod-David — Thanks, we”ll go through them during today”s Livestox Posted Yesterday
Brett-ster — Rod, how”s the chart looking on SALT these days? Posted 21 hours ago
Rod-David — SSALT — An inverted Head and Shoulders pattern rallied to 3, and that”s now being consolidated. Back under 2.15 would trigger a retest of the lows. Otherwise, the consolidation can still break higher to 4.05 Posted 21 hours ago
Brett-ster — Thanks Posted 20 hours ago
Rod-David — Livestox window isn”t working today — I”ll send an Alert later today for 10:45am ET Thursday. Posted 20 hours ago
tamaramessmann — SLF what is the lower arget for the decending triangle? Posted 19 hours ago
tamaramessmann — Target Posted 19 hours ago
Rod-David — SLF — Good eye!
27.80 and 26.05 Posted 19 hours ago
Brett-ster — GTLS looks like it may be setting up for a breakout.

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”s no more appropriate way to open discussion about Marijuana stocks, than to discuss Biotechs. Firstly, I”m sure you have seen last week”s special report on the sector here. We”ll review the sector during our next Livestox. 

But the association with Marijuana stocks is that Biotechs had a bad week initially. And my report is stating that there are behaviors among the sector”s components of the “last gasp” variety. Biotechs have been a proxy for free money that has driven the broader market higher. They”re also close cousins with the speculative appetite that keeps the ranks from thinning out too much among the Marijuana stock crowd.

So, it”s interesting to continue an observation I made last week, in the number of stocks dipping down to supports and hugging them, but not breaking lower. That has persisted, if not also deteriorated — at least nine stocks required calculating lower support. And the number of stocks at support remained excessive.

That”s not necessarily bearish, although it usually is. But every stock has makes its own chances. PMCB, for example, hugged its .098 support for four consecutive weeks, then surged 50% this week. THCZ has been on a tear. XTRM just came alive. Don”t ask me about MDCN. Even TRTC has a heartbeat.

But be careful with these two widely-followed issues (at least, among Marketfy members): CBDS and ERBB. The high made by CBDS on hiring Gary Johnson had formed a distributive triangle that I warned about at the time, and it”s now in freefall. ERBB is pretty much on its last leg. Meanwhile, a surge in ATTBF would be credible, as it would in NTRR.

OLD BUSINESS: I”m not comfortable with the limited response I got to this question last week, so I”m leaving it open for discussion… I”ve compiled lists of currently not-covered issues. I”ve made a cursory decision with each which to add coverage, or not. Please weigh in if you want to be sure one of these in the list is added to our Universe. Thanks!

List #1
AWGI, FTST, GTWO, IFNY, IIJP, PKPH

List #2
CAFS, DIDG, DVAP, FWDJ, RIGH