Bigger Picture
The Universe, week of March 23 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 .]
Links to ||
Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||
As the percentage of Marijuana stocks above their rolling 4-week uptrends continues to deteriorate, I notice beneath the surface an unusual number of issues testing their support. Having tested their supports. Hovering just above their support. In any case, precariously positioned at or near their supports.
Be careful.
Meanwhile, 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
| Marijuana Stock Universe for March 23 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 12 | 11.01% |
| trends* | # flat: | 23 | 21.10% |
| # down: | 74 | 67.89% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | 0.050 | 1.260 | down |
| ACGX | 0.000 | 0.003 | flat |
| AERO | 2.310 | 4.030 | down |
| AGTK | 0.015 | 0.103 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 4.450 | 5.300 | up |
| ATTBF | 0.093 | 0.175 | flat |
| AVTC | 1.050 | 1.480 | down |
| AXXU | 0.066 | 0.377 | down |
| BLOZF | 0.280 | 0.570 | up |
| BLPG | 0.120 | 0.370 | down |
| BNRDF | 0.605 | 0.795 | flat |
| BRDT | 0.032 | 0.094 | down |
| BTFL (cank) | 0.071 | 0.232 | down |
| CANL | 1.050 | 1.570 | flat |
| CANN | 1.690 | 4.600 | down |
| CANV | 2.380 | 3.470 | flat |
| CARA | 8.880 | 11.050 | up |
| CBCA | n/a | n/a | down |
| CBDS | 5.100 | 8.150 | down |
| CBGI | 0.002 | 0.015 | down |
| CBIS | 0.045 | 0.065 | down |
| CGRW (bzcn) | 0.360 | 0.750 | down |
| CHUM | n/a | n/a | down |
| CNAB | 0.770 | 1.420 | down |
| DEWM | 0.001 | 0.004 | down |
| DIGP | 0.025 | 0.100 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.013 | 0.028 | flat |
| EDXC | 0.019 | 0.047 | down |
| ENDO | 0.014 | 0.031 | down |
| ENRT | 0.048 | 0.100 | flat |
| ERBB | 0.009 | 0.013 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.005 | 0.012 | down |
| FOFU | 0.025 | 0.066 | up |
| FRTD | 0.000 | 0.008 | flat |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.550 | 4.140 | down |
| FWDG | 0.000 | 0.006 | down |
| GBLX | 0.126 | 0.338 | down |
| GRCU | 0.003 | 0.008 | flat |
| GRNH | 0.090 | 0.174 | down |
| GWPH | 89.900 | 105.050 | up |
| HEMP | 0.025 | 0.035 | down |
| ICBU | 0.002 0.007 0.011 | down | |
| IGPK | n/a | n/a | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.236 | 0.320 | up |
| INCC | 0.001 | 0.007 | flat |
| INSY | 58.500 | 65.200 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.060 | 0.129 | flat |
| MCIG | 0.09 | 0.177 | down |
| MCPI | n/a | n/a | flat |
| MDBX | 0.950 | 2.270 | down |
| MDCN | 0.000 | 0.168 | down |
| MDRM | 0.016 | 0.038 | down |
| MINE | 0.005 | 0.009 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.020 | 0.499 | down |
| MJNA | 0.099 | 0.160 | down |
| MJNE | n/a | n/a | down |
| MNTR | 0.810 | 1.550 | flat |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.070 | 0.330 | down |
| NDEV | 0.113 | 0.260 | down |
| NRTI | 0.005 | 0.019 | flat |
| NTRR | 0.045 | 0.110 | flat |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.002 | 0.009 | down |
| OWCP | n/a | n/a | n/a |
| OXIS | 0.039 | 0.063 | up |
| PAUFF | n/a | n/a | down |
| PHOT | 0.019 | 0.065 | down |
| PKPH | n/a | n/a | flat |
| PLPL | 0.220 | 0.315 | down |
| PMCB (nvlx) | 0.098 | 0.188 | down |
| PNTV | n/a | n/a | flat |
| PZOO | 0.005 | 0.020 | down |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.000 | 0.003 | up |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | flat |
| SING | 0.008 | 0.017 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.198 | 0.283 | down |
| SRNA | 0.150 | 0.350 | down |
| STEV | 0.071 | 0.100 | flat |
| TAUG | 0.008 | 0.014 | flat |
| THCZ | 0.062 | 0.080 | up |
| TRTC | 0.165 | 0.232 | down |
| TURV | 0.410 | 0.775 | down |
| TWMJF | 1.420 | 1.860 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | flat |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.490 | 0.930 | down |
| VAPR | 0.030 | 0.090 | flat |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.019 | 0.040 | down |
| VPCO | 0.820 | 1.290 | down |
| VPOR | 0.002 | 0.038 | down |
| VRCI | 0.000 | 0.009 | down |
| WDHR (anyi) | 0.000 | 0.002 | down |
| WOGI (cybk) | 0.004 | 0.009 | up |
| XTRM | 0.003 | 0.007 | up |
| XXII | 0.710 | 1.160 | down |
| ZDPY | n/a | n/a | n/a |
Livestox, March 20 2015
Friday”s Livestox was uneventful after we cleared the room of the last Code Pink protestor. Sandra called the meeting to order, Tom announced new business, and special thanks to Alfred for keeping the minutes an bringing his wife”s homemade bundt cake for after. We discussed the lesson of “discounting anticipations” in this week”s S&P price action, and also reviewed the Crude Oil and Gold markets. Then we discussed the following stocks in the following order:
ATTBF
FITX
GWPH
PAL
GTLS
BIIB
CIG
ERBB
CARA
HFC
FNV
GBLX
NTRI
AERO
NRTI
Did someone say… Livestox? At
Did someone say… Livestox?
At 12:30pm ET
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/
Here are recent comments from the Activity Feed:
casjf — Re the market reaction to the FOMC statement: Reminds me of the old song, “Is that all there is? If that”s all there is, my friends, then let”s keep dancing…” Posted Yesterday
Rod David — ; ) Posted Yesterday
guanito — Hi Rod. Looking for entry on CPRX, CRMD please? Tks Posted Yesterday
Jo B — thanks Rod. could u look at OXIS and HEMP charts please in the next livestox. thanks Posted Yesterday
Rod David — CPRX — Getting a little extended at 4.87. A pullback from here down to 4.28-4.36 would help to refuel the rally for another upleg to 6.25. But testing 5.06 first would risk expending all currently available buying pressure. Posted Yesterday
Rod David — CRMD — There”s no excuse to further delay resuming the rally that has been correcting for the past week. Back above 9 should almost literally explode higher to 10.35. Closing back under 7.95 would instead signal a deeper correction underway. Posted Yesterday
Rod David — OXIS — This chart”s only pattern is to consolidate, surge higher, and consolidate again. That”s a historic trend, but there”s nothing reliable about it going forward. The pattern isn”t any likelier to extend higher than it is to reverse back down. The last consolidation did surge through its downtrending resistance, so there might be some sense of timing to it, but that will have to happen again to suggest it wasn”t just coincidence. Posted Yesterday
Rod David — HEMP — Closing back above .033 on expanding volume would be the first suggestion that momentum may be reversing up, but this is otherwise an ongoing downtrend. Posted Yesterday
Tony 48.75VAPEs — Is the recent activity in ALGA bullish or just noise? Any targets if it keeps climbing? Thanks Posted Yesterday
Tony 48.75VAPEs — Oops I meant AWGI… Sorry was looking at alga Posted Yesterday
KiteGradient — IRET interesting chart, curious about your thoughts at what appears to be a crucial area? What”s happening vape bagger? Posted Yesterday
Rod-David — AWGI — It”s potentially bullish, if its .04 high is exceeded through the close on continually expanding volume. Posted Yesterday
guanito — Tku. Posted Yesterday
Jo B — Thank u Posted Yesterday
kit650kr — Yo ROD- limit orders filled for CRM and PLKI today Thanks BOSS! Posted 21 hours ago
Rod-David — ; ) Posted 21 hours ago
kit650kr — YO ROD- do you have new parameter for IDTI resistance? Posted 21 hours ago
kit650kr — Thanks ROD… All GREEN on a down day! THANS ROD!!! Posted 21 hours ago
kit650kr — OK ROD B4 next DRs visit… how high is CELG going? I”m up 32% took all my $$ out , profits running now…? Posted 21 hours ago
Rod-David — IDTI — Next higher resistance is 23.05 Posted 21 hours ago
Rod-David — CELG — Next higher potential is to 135.30-137.15 Posted 21 hours ago
kit650kr — Well Rod, now you”ve made my month!! Posted 20 hours ago
kit650kr — ROD – Dad wants to know support & resistance for GTLS. He asked also to tell u he”s up 7.5% in a month…. he”s very pleased! Thank u Posted 17 hours ago
KiteGradient — Appears KITE broke resistance. Any room to run? IRET did not have a very convincing day to get out past resistance? Posted 12 hours ago
Rod-David — GTLS — Very attractive pattern , rounding through January”s low on low volume, surging out of its bottom in February on expanding volume, and kind of cup & handle-ish during March”s consolidation. Resistance isn”t the issue, so much as holding support and expanding the volume. Support was just tested around 33. Upside potential is to 46.90 and 52.85 Posted an hour ago
Rod-David — KITE — Without a second consecutive higher close today, some time will be needed backing and filling down to 66.75 before trying to rally again. Posted an hour ago
Rod-David — IRET — Resistance in a downtrend is where corrective bounces end. Recovering resistance in a downtrend does not signal the trend reversing up. That would require first ending the downtrend, forming an accumulation pattern and then triggering its buy signal Posted an hour ago
Rod-David — ATTBF — This is the one marijuana stock that I used as a counter-example to several other single-surge plays that were pointing to new lows. Not ATTBF, which at least had trended during its surge, and had retraced to touch the upper-end of its pullback limit. Now surging again today, a second consecutive higher close Monday should waste little time extending through recent highs. Posted 26 minutes ago
Miss Kitty — Any chance for a Livestox today? Posted 10 minutes ago
Rod-David — I was just getting things set-up for that, an announcement is coming
Livestox, March 19 2015
Today”s Livestox looked at the broader market, which is especially important with the afternoon”s FOMC policy statement looming. Then we focused on Crude Oil, Gold and the Marijuana sector. The following stocks were reviewed in the following order:
USO
UWTI
DWTI
GLD
NGD
NEM
ABX
CDE
PAL
TAUG
MCIG
TRTC
ERBB
ATTBF
VDSI
Today”s LivestoX starts at 12:15pm
Today”s LivestoX starts at 12:15pm ET. We”ll review the stock market”s pattern going into this afternoon”s FOMC policy statement. We”ll also look closely at Crude Oil and Gold. Then we”ll review any stock chart analysis requests from you.
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/