Bigger Picture – Page 501 – If, Then… Market Timing

Good(?) morning! We”re doing a

By Rod David | January 27, 2015 - 9:28 am

Good(?) morning!
We”re doing a Livestox during today”s noon hour at 12:15pm ET. I”ll post/send instructions before then. Meanwhile, make any time-sensitive stock analysis requests in this post”s thread…

Posted in Bigger Picture

The Universe, week of January 26 2015

By Rod David | January 26, 2015 - 1:39 am

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 ||

The number of uptrending issues dropped, but not as much as the number of downtrending issues dropped. The impact was greater on the improving group, because there were fewer stocks to begin with. Regardless, if the sector is going to continue representing a hideout of sorts from headlines like Eurozone, Middle East wild cards, and Greece elections, then Monday shouldn”t wait very long before resuming and broadening its rallies. That”s going to be difficult with several higher profile issues on the verge of breaking down (TRTC, FITX, ATTBF, etc.).

Marijuana Stock Technical Trader”s Universe for January 26, 2015
Reference this table during stock reactions
4-week	# up:	16	15.24%
trends*	# flat:	18	17.14%
	# down:	71	67.62%
*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	up
AERO	2.750	4.000	down
AGTK	0.005	0.127	down
AMMJ	0.500	1.070	flat
ARNA	4.200	5.300	up
ATTBF	0.093	0.160	down
AVTC	1.350	1.800	flat
AXXU	0.066	0.377	down
BLOZF	0.074	0.154	flat
BLPG	0.120	0.370	down
BNRDF	0.605	0.795	flat
BRDT	0.032	0.094	down
BTFL (cank)	n/a	n/a	down
CANL	1.420	1.970	up
CANN	2.430	7.400	up
CANV	3.470	4.750	up
CARA	9.960	12.450	up
CBDS	7.150	10.100	flat
CBGI	0.002	0.015	down
CBIS	0.057	0.088	flat
CGRW (bzcn)	n/a	n/a	up
CHUM	n/a	n/a	down
CNAB	1.185	2.035	up
CTCO	0.060	0.330	down
DEWM	0.003	0.007	flat
DIGP	0.025	0.100	down
DSCR	0.001	0.025	down
EAPH	0.020	0.032	up
EDXC	0.031	0.077	down
ENDO	0.014	0.031	down
ENRT	0.048	0.100	flat
ERBB	0.011	0.017	flat
EXMT	0.000	0.004	down
FITX	0.007	0.023	down
FRTD	n/a	0.008	flat
FSPM	0.018	0.460	down
FULL	4.380	5.230	down
FWDG	0.005	0.018	down
GBLX	0.208	0.486	down
GRCU	0.003	0.008	down
GRNH	0.090	0.174	flat
GWPH	72.500	81.500	flat
HEMP	0.032	0.048	flat
ICBU	0.008	0.016	down
IGPK	n/a	n/a	down
IGRW	0.001	0.004	down
IMLFF	0.095	0.140	down
INCC	0.001	0.007	down
INSY	44.500	51.700	up
ITNS	0.006	0.011	down
LATF	0.001	0.003	down
LXRP	0.084	0.129	up
MCIG	0.132	0.222	flat
MDBX	3.720	7.320	down
MDCN	0.000	0.168	down
MDRM	0.024	0.060	down
MINE	0.009	0.014	up
MJMD	0.011	0.082	down
MJMJ	0.020	0.499	down
MJNA	0.099	0.160	down
MJNE	n/a	n/a	down
MNTR	0.810	1.550	up
MYEC	0.012	0.027	down
MYHI	0.000	0.380	down
NDEV	0.200	0.440	flat
NRTI	0.001	0.048	down
NTRR	0.050	0.220	down
OGRMF	0.304	0.615	down
OSLH	0.009	0.021	down
OXIS	0.013	0.044	up
PAUFF	n/a	n/a	down
PHOT	0.019	0.065	down
PLPL	0.263	0.426	flat
PMCB (nvlx)	0.098	0.188	down
PNTV	n/a	n/a	flat
PZOO	0.005	0.030	down
QEDN	0.001	0.007	down
REDG	0.001	0.003	up
RFMK	0.000	0.002	down
RSSFF	0.069	0.266	down
SING	0.002	0.009	down
SKTO	0.000	0.004	down
SPRWF	0.198	0.283	down
SRNA	0.303	0.550	down
STEV	0.071	0.100	down
TAUG	0.012	0.020	down
THCZ	0.007	0.017	down
TRTC	0.213	0.268	down
TURV	0.410	0.775	down
TWMJF	1.490	2.040	down
UPOT	0.340	0.900	down
USEI	0.000	0.003	down
UTRM	0.000	0.000	down
VAPE	0.490	0.930	down
VAPR	0.050	0.120	flat
VGPR	0.000	0.002	down
VHUB	0.022	0.040	up
VPCO	0.820	1.290	down
VPOR	0.000	0.009	down
VRCI	0.000	0.009	down
WDHR (anyi)	0.000	0.015	down
WOGI (cybk)	0.002	0.008	down
XTRM	0.003	0.007	down
XXII	1.110	1.560	down
ZDPY	n/a	n/a	n/a

Posted in Bigger Picture

This weekend’s Saturday Review recording.

By Rod David | January 24, 2015 - 11:55 am

The first several minutes of this weekend”s Saturday Review is a detailed description of the “pivotal uptrending support” setup. It identified the timing of Friday”s late afternoon drop and its minimum target. Watch for that reasaon, alone. An otherwise choppy day nevertheless ended on a high note for us, because of that one setup.

A description of “afternoon traction” is included next. The market”s bigger picture outlook is reviewed, along with Sunday night / Monday morning plays. Several stocks are also reviewed by request.

No transcript will be available this week, but the meeting”s chat is printed below. The drawing to give away a majestic 40-acre garden in London was postponed due to the owner still not accepting my offer for the property. Come on, Ma”am!

Click here for the Saturday Review recording

Enjoy the weekend…

David B: good morning
Mark G: gm
charles d: hi
Mark G: u didn”t mention a possibility of continuing pullback down to 38 or 31 that should recover
Mike D: Sorry. I was late so maybe this was mentioned. Is the ES doing just one big pivot reversal?
Bill G: Based on the character of the 1/16 low ,do you expect new highs to fail or are you neutral as to the outcome
Mike D: yes
Mike D: i thought i saw a longer term chart with a trend linedrawn under the lows. think weeks
Mike D: y
Mike D: start at AUG 7 low
Mark G: any expecation on the timing of the high”s retest – it may not happen for a week or two?
Mike D: correct
Mike D: ty
David B: above 2075 would that indicate it will be agressive higher?
Mark G: why do u consider the base of the rally from 1970 weak – because it didn”t spend enough time forming a bottom there but rallied from a retest of the prior low?
David B: is the new thing now we get a central bank to do a QE and when they finish the next one starts?. my point is is this why we have not had a bear market. what is your feeling about what they are doing?
David B: GOOGL,AMZN
David B: maybe because of earnings this week?
Mark G: CPLP update – probed above 9 but never got to 10 and reversed down on increasing volume but still holding 8.61 – is the rally still has potential to 10?
David B: does the 490 low need to be tested?
Mark G: or rally is over on CPLP?
David B: yes
tom p: panw,pbyi
Mark G: pullbck then should hold
David B: fed meeting this week and end of the month window dressing. do you think this will have any impact on the market?
tom p: thx
David B: MSFT
tom p: up huge yesterday
tom p: thx
Mark G: thx much
David B: thanks
charles d: tks

Posted in S&P, Saturday Review

Good afternoon! A few updates…

By Rod David | January 23, 2015 - 1:24 pm

Good afternoon!

A few updates…

AAPL — Earnings coming after Tuesday”s close. Greeting them from above 115.25 would get a benefit of the doubt for reacting favorably, potentially back up to and through the ~120 high to 127.65. But even that wouldn”t change the extended nature of the pattern. In fact, a fresh high would resemble UPS through yesterday”s close.

GWPH — Volume is evaporating despite hovering at 76 for a week. Back under 72.50 would trigger new lows.

FEYE — Volume isn”t expanding, but also isn”t very light for a Friday. Today”s price strength is credible for extending higher.

CLF — Big opening drop ahead of Crude Oil now probing new lows. The origin of the drop and volume accompanying it suggests it will be only temporary. Closing positive is preferable, and closing back above 8.30 would be palatable, but closing under 8.15 might not avoid a deeper dip into next week.

Posted in Bigger Picture

Livestox, January 21 2015

By Rod David | January 21, 2015 - 1:16 pm

Stocks covered in Wednesday”s Livestox, and in order, are:

NFLX — 404 and 414 resistance being tested now

FEYE — Almost any positive close today would be bullish

GWPH — Almost any positive close today would be bullish

ARNA — Testing lower-end of pullback limit, preferred close is above 5.30

AMZN — Retracing today”s surge would be bearish

HAL — Room to firm further but not much before retesting lows

ISRG — Pessimism at the high is potentially bullish from contrarian perspective

Z — Downside leader if canary in the coal mine for weakening housing sector

GSK — Closing above 44 probably targets 48.50

CLF long / HAL short — true hedge position, 1:4 ratio

TRTC — Beware fresh lows

TAUG — Expending a lot of energy avoiding the inevitable

MINE — Still not closing above resistance

ATTBF — Too much time spent at support not to break under it

Gold — Near-term pullback underway, then should retest today”s high

Posted in Bigger Picture