The Universe, week of December 22 2014

By Rod David | December 20, 2014 - 2:08 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.]

Links to || Last week”s Universe || Prior week”s Universe || Previous week”s Universe ||

Anecdotally, more stocks than I”ve noticed previously just ended the week testing their supports. Actually closing under support would put into play lower levels. So, whether attacking, piercing or overlapping their support, many issues are at the lower-end of their ranges.

This is not to say that those support tests will hold. Perhaps they”ll all go on to break sharply lower Monday, but that”s not usually how it works.

So, there are many issues at the lower-ends of their ranges. The percentage of stocks in uptrends is back into single digits. And Christmas is just days away, which means less attention available for tax loss selling. We”ll soon see which stocks have gotten ahead of themselves.

Three issues that closed the week interestingly: ATTBF, NVLX and CARA. The first two are bouncing from or near support, with compelling volume patterns. Both patterns would turn very bullish if that price action were duplicated this week. The latter ended the week back at resistance on sharply expanding volume, reminiscent of the recent INSY setup.

Marijuana Stock Technical Trader”s Universe for December 22, 2014
Reference this table during stock reactions
4-week	# up:	9	9.38%
trends*	# flat:	26	27.08%
	# down:	61	63.54%
*The percentages of stocks rising or falling over 4 weeks.

symbol	support	resistance	4-week trend
ACAN	n/a	n/a	down
ACGX	0.000	0.003	down
AERO	3.500	4.700	flat
AGTK	0.005	0.127	down
AMMJ	0.500	1.070	down
ARNA	3.750	4.610	flat
ATTBF	0.135	0.202	flat
AVTC	1.350	1.800	flat
BLOZF	0.074	0.154	flat
BLPG	0.120	0.370	down
BNRDF	0.605	0.795	up
BRDT	0.094	0.165	down
CALB	n/a	n/a	flat
CANL	0.620	1.095	down
CANN	0.348	2.080	down
CANV	2.400	5.550	flat
CARA	7.810	10.840	up
CBDS	5.420	8.630	down
CBGI	0.002	0.015	down
CBIS	0.055	0.082	flat
CGRW (bzcn)	n/a	n/a	up
CHUM	n/a	n/a	down
CNAB	0.465	0.987	down
CTCO	0.125	0.600	down
CYBK	0.005	0.015	down
DEWM	0.003	0.007	up
DIGP	0.025	0.100	down
DSCR	0.001	0.025	down
EAPH	0.011	0.020	flat
EDXC	0.031	0.077	up
ENDO	0.014	0.031	flat
ENRT	0.048	0.100	down
ERBB	0.011	0.017	flat
EXMT	0.000	0.004	flat
FITX	0.007	0.023	down
FRTD	n/a	0.008	flat
FSPM	0.090	0.450	down
FULL	4.380	5.230	down
GBLX	0.381	0.806	down
GRCU	0.003	0.008	down
GRNH	0.090	0.150	flat
GWPH	65.650	76.900	down
HEMP	0.032	0.048	down
ICBU	0.013	0.024	flat
IGRW	0.001	0.004	down
IMLFF	0.095	0.140	down
INSY	42.250	51.700	up
ITNS	0.003	0.007	down
LATF	0.001	0.003	down
LXRP	0.084	0.129	flat
MCIG	0.135	0.220	down
MDBX	3.720	7.320	down
MDCN	0.000	0.168	down
MDRM	0.024	0.060	down
MINE	0.003	0.005	down
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	0.660	1.767	down
MYEC	0.022	0.040	flat
MYHI	0.000	0.380	down
NRTI	0.001	0.048	down
NTRR	0.050	0.220	flat
NVLX	0.155	0.215	flat
OGRMF	0.593	1.040	down
OSLH	0.025	0.052	up
PAUFF	n/a	n/a	down
PHOT	0.019	0.065	flat
PLPL	0.263	0.426	flat
PZOO	0.002	0.050	flat
QEDN	0.001	0.007	down
REDG	0.001	0.003	up
RFMK	0.000	0.002	flat
RSSFF	0.069	0.266	down
SING	0.002	0.009	down
SKTO	0.000	0.004	down
SPRWF	0.300	0.402	flat
SRNA	0.029	0.099	down
STEV	0.063	0.089	flat
TAUG	0.012	0.020	down
TRTC	0.280	0.380	down
TURV	0.410	0.775	down
TWMJF	1.490	2.040	down
UPOT	0.340	0.900	flat
USEI	0.000	0.003	down
UTRM	0.000	0.000	down
VAPE	0.690	1.015	down
VAPR	0.050	0.120	up
VGPR	0.000	0.002	down
VPCO	1.110	2.330	down
VPOR	0.000	0.009	down
VRCI	0.000	0.009	down
WDHR (anyi)	0.000	3.000	down
XTRM	0.000	0.006	down
XXII	1.410	2.010	down
ZDPY	n/a	n/a	n/a

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