The Universe, week of August 4 2014
Setups || This week”s Universe || Last week”s Universe
Brutal. The percentages of 4-week uptrends has never been lower, and the downtrends never higher. When their relationships were reversed, that might not have been a bad sell signal. Is it a buy signal now? At the very best, it is suggesting the declines may be running through sellers. Unfortunately, illiquidity among these stocks needs buyers to force a rally, as simply running out sellers isn”t enough to reverse momentum back up. By the way, the broader market isn”t helping matters. But there are 2-3 interesting patterns, at least to monitor…
SETUPS
AGTK — BOTTOM FISHING
This a “Falling Knife” candidate one week ago, and it came out of the gate spiking up. Big, big volume throughout the week kept price aloft, greeting the weekend at its highs.
ENRT — BOTTOM FISHING
Upgraded from “Falling Knife” after potentially double-bottoming last week. But the consolidation remains under prior lows, needing to recover .14 before actually signaling that momentum is reversing up.
FITX — BOTTOM FISHING
Still no evidence contradicting the ongoing Descending Triangle formation. But a questionable drop from .06 has recovered entirely after holding a test of prior lows, creating potential for testing .085.
| Marijuana Stock Technical Trader”s Universe for August 4, 2014 | |||
| Reference this table and its video during stock reactions | |||
| 4-week | # up: | 8 | 8.51% |
| trends* | # flat: | 21 | 22.34% |
| # down: | 65 | 69.15% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | n/a | n/a | n/a |
| ACGX | 0.002 | 0.004 | down |
| ADCS | n/a | n/a | n/a |
| AEGY | n/a | n/a | flat |
| AERO | 4.800 | 5.800 | down |
| AGTK | 0.222 | 0.275 | flat |
| ANAS | 0.002 | 0.005 | down |
| ANYI | 0.005 | 0.020 | down |
| ARNA | 4.000 | 5.000 | down |
| ATTBF | 0.470 | 0.550 | down |
| AVTC | 2.050 | 2.500 | flat |
| BIMI | 1.110 | 2.100 | flat |
| BLPG | n/a | n/a | down |
| BRDT | 0.350 | 0.550 | down |
| CALB | n/a | n/a | up |
| CANL | 1.510 | 1.990 | flat |
| CANLF | 0.300 | 0.500 | down |
| CANN | 4.250 | 7.750 | flat |
| CANV | 4.100 | 7.000 | down |
| CARA | 11.200 | 13.450 | down |
| CBDS | 9.000 | 11.580 | up |
| CBGI | 0.015 | 0.055 | flat |
| CBIS | 0.070 | 0.092 | down |
| CNAB | 1.960 | 2.950 | down |
| CTCO | 0.000 | 1.500 | flat |
| CYBK | 0.015 | 0.036 | down |
| DEWM | 0.002 | 0.004 | down |
| DIGP | n/a | n/a | up |
| DSCR | n/a | n/a | down |
| EAPH | 0.013 | 0.020 | down |
| EDXC | 0.056 | 0.086 | down |
| EGRVD | n/a | n/a | n/a |
| ENDO | 0.030 | 0.056 | down |
| ENRT | 0.118 | 0.157 | down |
| ERBB | 0.011 | 0.020 | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.053 | 0.085 | up |
| FRTD | n/a | 0.008 | flat |
| FSPM | 0.500 | 1.500 | flat |
| FULL | 7.500 | 8.840 | down |
| GBLX | 1.085 | 1.290 | flat |
| GRCU | 0.009 | 0.016 | down |
| GRNH | 0.175 | 0.235 | down |
| GWPH | 81.400 | 88.450 | down |
| HEMP | 0.050 | 0.097 | down |
| ICBU | 0.013 | 0.035 | down |
| IGRW | 0.000 | 0.017 | down |
| INSY | 24.600 | 29.800 | down |
| ITNS | 0.007 | 0.011 | down |
| LATF | 0.003 | 0.007 | down |
| LXRP | 0.139 | 0.206 | down |
| MCIG | 0.445 | 0.610 | down |
| MDBX | 12.000 | 16.600 | down |
| MDCN | 1.240 | 2.000 | down |
| MDMJ | n/a | n/a | down |
| MDRM | 0.075 | 0.099 | down |
| MINE | 0.005 | 0.011 | down |
| MJMD | 0.480 | 0.660 | down |
| MJMJ | n/a | n/a | flat |
| MJNA | 0.180 | 0.226 | down |
| MJNE | n/a | n/a | flat |
| MLCG | 0.015 | 0.050 | down |
| MNTR | 0.757 | 1.457 | down |
| MYEC | 0.009 | 0.020 | down |
| MYHI | 0.048 | 1.300 | down |
| NRTI | 0.048 | 0.081 | down |
| NTRR | 0.262 | 0.034 | down |
| NVLX | 0.260 | 0.317 | up |
| OSLH | 0.015 | 0.034 | down |
| PAUFF | n/a | n/a | n/a |
| PHOT | 0.075 | 0.175 | flat |
| PLPL | 0.314 | 0.426 | down |
| PMCM | 0.001 | 0.002 | down |
| PRPM | n/a | n/a | flat |
| PZOO | 0.032 | 0.049 | down |
| QEDN | 0.007 | 0.020 | down |
| REDG | 0.001 | 0.003 | up |
| RFMK | 0.001 | 0.002 | flat |
| RSSFF | 0.430 | 0.606 | down |
| SING | 0.015 | 0.032 | flat |
| SKTO | n/a | 0.004 | down |
| SPRWD | 0.330 | 0.440 | down |
| SRNA | 2.150 | 3.375 | down |
| STEV | 0.076 | 0.110 | up |
| TAUG | 0.028 | 0.043 | down |
| TRTC | 0.403 | 0.527 | down |
| TURV | 0.960 | 1.35 | flat |
| TWMJF | 2.040 | 2.510 | down |
| UPOT | 0.073 | 1.450 | flat |
| USEI | 0.002 | 0.008 | up |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 2.065 | 2.600 | flat |
| VAPR | 0.068 | 0.135 | down |
| VGPR | 0.002 | 0.008 | flat |
| VPCO | 3.570 | 4.890 | down |
| VPOR | 0.045 | 0.064 | down |
| VRCI | 0.009 | 0.025 | down |
| XTRM | 0.003 | 0.008 | down |
| ZDPYD | n/a | n/a | n/a |
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