The Universe, week of Dec 21 2015…

By Rod David | December 19, 2015 - 4:20 pm |

[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.]

Of two timely picks the past two weeks, each continued higher, but only remains timely. INSY isn’t showing any new signs of accumulation. But SPRWF is has patiently avoided another 3rd day surge that might have ended its rally for awhile. Except for a couple of surges in MCIG, the rest of the pack shows little upside intention as tax loss selling season starts to end. Bah, humbug!

Marijuana Stock Universe for December 21, 2015
Reference this table during stock reactions
4-week	# up:	12	12.00%
trends*	# flat:	8	8.00%
	# down:	80	80.00%
*The percentages of stocks rising or falling over 4 weeks.

symbol	support	resistance	4-week trend
ACGX	0.000	0.003	down
AERO	1.000	1.950	down
AGTK	0.000	0.004	down
AMMJ	0.140	0.290	up
ARNA	1.650	2.200	down
ATTBF	0.035	0.075	flat
BLOZF	0.087	0.163	down
BLPG	0.015	0.086	down
BRDT	0.012	0.031	down
BTFL	0.002	0.005	down
CAFS	0.001	0.011	down
CANL	0.250	0.500	down
CANN	0.350	0.770	down
CANV	0.169	0.440	down
CARA	14.250	18.870	up
CBDS	0.510	1.850	down
CBGI	0.000	0.005	down
CBIS	0.015	0.023	down
CGRW	0.360	0.610	flat
CHUM	n/a	n/a	down
CNAB	0.150	0.330	down
DEWM	0.002	0.004	up
DIGP	0.120	0.220	down
DSCR	0.000	0.025	down
EAPH	0.003	0.006	down
EDXC	0.007	0.019	down
ENCC	n/a	n/a	down
ENDO	0.006	0.018	down
ENRT	0.015	0.025	down
ERBB	0.001	0.003	down
ETST	n/a	n/a	down
EXMT	0.000	0.004	down
FITX	0.004	0.078	flat
FSPM	0.000	0.250	down
FULL	2.470	2.860	down
FWDG	0.000	0.002	down
GBLX	0.125	0.260	down
GRCU	0.000	0.004	down
GRNH	0.015	0.037	down
GWPH	58.750	78.000	down
HEMP	0.050	0.107	down
ICBU	0.000	0.003	down
IGRW	0.000	0.002	down
IMLFF	0.110	0.180	flat
INCC	0.000	0.002	down
INSY	26.400	34.950	up
ITNS	0.001	0.005	down
KAYS	0.067	0.187	flat
LATF	0.000	0.001	down
LXRP	0.180	0.280	up
MCIG	0.025	0.055	flat
MDBX	0.003	0.033	down
MDCN	0.000	0.001	down
MDRM	0.025	0.060	up
MINE	0.000	0.002	down
MJMD	0.000	0.015	down
MJMJ	0.000	0.001	down
MJNA	0.036	0.048	up
MNTR	0.220	0.036	down
MSRT	0.830	1.410	down
MYEC	0.014	0.021	flat
MYHI	0.013	0.100	down
NDEV	0.016	0.053	down
NMUS	0.218	1.215	down
NRTI	0.000	0.002	down
NTRR	0.500	1.400	down
OGRMF	0.510	0.920	up
OSLH	0.000	0.001	down
OXIS	0.009	0.019	down
PHOT	0.004	0.014	down
PLPL	0.053	0.121	down
PMCB	0.072	0.098	down
PNTV	0.001	0.007	down
PZOO	0.000	0.002	down
QEDN	0.000	0.003	down
REDG	0.000	0.003	down
RFMK	0.000	0.002	down
RMHB	0.040	0.088	down
RSSFF	0.030	0.100	up
SING	0.005	0.012	down
SKTO	0.000	0.004	down
SPRWF	0.220	0.330	up
SRNA	0.074	0.120	down
STEV	0.022	0.039	down
TAUG	0.001	0.004	down
TRTC	0.082	0.118	down
TURV	0.463	0.770	down
TWMJF	1.800	2.400	up
UPOT	0.010	0.050	down
USEI	0.000	0.003	down
VAPE	0.003	0.023	down
VAPR	0.000	0.050	down
VGPR	0.000	0.002	down
VHUB	0.025	0.048	down
VPCO	0.070	0.260	down
VPOR	0.000	0.001	down
WDHR	0.000	0.002	down
WOGI	0.001	0.004	down
XTRM	0.001	0.004	flat
XXII	1.060	1.440	up

Posted in Bigger Picture

17 Comments

Josey on December 22, 2015 - 9:10 am at 9:10 am

Hi Rod, wondering what is the livestox schedule this week?
- Rod David on December 22, 2015 - 9:26 am at 9:26 am
  
  Tomorrow, 12:15pm ET
Josey on December 22, 2015 - 9:59 am at 9:59 am

OK, TY.
Josey on December 22, 2015 - 11:09 am at 11:09 am

Rod, I shorted SUNE, it hit the min. target of 4.60, how does the chart look, more to go?
- Rod David on December 22, 2015 - 2:29 pm at 2:29 pm
  
  SUNE — This is just the first reaction down from 6.65-6.70 resistance, so it is predictive. Having filled the week-old gap, closing under it would point lower. Otherwise, while closing above 5.25 wouldn’t be a buy signal, it would rob sellers of their traction.
casjf on December 22, 2015 - 11:28 am at 11:28 am

KMI – close to hitting bottom yet?
- Rod David on December 22, 2015 - 2:30 pm at 2:30 pm
  
  KMI — Closing above 16 would initially target 19+, perhaps more. The low could still be retested after that, whether or not to form a more durable bottom.
Josey on December 22, 2015 - 11:32 am at 11:32 am

DDD does that need to fill the 9.45 gap? TY
- Rod David on December 22, 2015 - 2:31 pm at 2:31 pm
  
  DDD — no gap fill is necessary, but still possible until the next upleg begins on expanding volume.
Josey on December 22, 2015 - 12:27 pm at 12:27 pm

Me again, any concerns in GLD. Need to fill gaps, pullback limit?
- Rod David on December 22, 2015 - 2:33 pm at 2:33 pm
  
  GLD — No gap fill is necessary, since the “island” containing the gaps was overlapping prior lows, and not exclusively below prior lows.
casjf on December 22, 2015 - 1:16 pm at 1:16 pm

WFM – support & resistance
- Rod David on December 22, 2015 - 2:37 pm at 2:37 pm
  
  WFM — This is an attractive January Effect candidate. Volume patterns are expanding into and out of the recent low. Now a bounce is testing the interim high that had followed September’s prior low. Volume is a little weak on today’s probe of fresh highs, so this might not be the actual go ahead. But 32.85 is essentially the line in the sand now between recovery and consolidation.
Josey on December 22, 2015 - 1:38 pm at 1:38 pm

Never mind I covered. :(
casjf on December 22, 2015 - 4:06 pm at 4:06 pm

DIS – The volume at the end of the day looked good and the close was higher than yesterday. Is this just because volume in general is lower this time of year? Still think it could target 102.40 and then 95?
- Rod David on December 23, 2015 - 9:29 am at 9:29 am
  
  DIS — In addition to volume, consider what that volume did to price. No prior high was recovered yesterday, so even if volume were impressive, it has yet to signal any kind of reversal.
Brett Halloran on December 23, 2015 - 9:13 am at 9:13 am

BITCOIN – support and resistance?