The Universe, week of December 7, 2015… The taxman cometh back.

By Rod David | December 5, 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.]

It’s that time of year. I alluded to this last week before Thanksgiving. The holiday that prompts us to give thanks, is followed by a focus on getting rid of losers.

i.e. Locking in stock losses.

I’ve already begun seeing Cannabis sector stocks suddenly breaking under months-long bases. It’s not that the bases were accumulative, or expected to break higher. But the breaks have been sudden, and then multi-day.

This observation has been largely limited to sub-pennies, but that’s sure to change as year-end approaches. Don’t hesitate to get my chart review of any stock (not just the Cannabis sector) that you’re considering for sale this month.

Marijuana Stock Universe for December 7, 2015
Reference this table during stock reactions
4-week	# up:	12	12.00%
trends*	# flat:	9	9.00%
	# down:	79	79.00%
*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	0.120	0.170	up
ARNA	1.650	2.200	down
ATTBF	0.035	0.075	flat
BLOZF	0.130	0.240	down
BLPG	0.015	0.086	down
BRDT	0.012	0.031	down
BTFL	0.002	0.003	down
CAFS	0.001	0.011	down
CANL	0.250	0.500	down
CANN	0.350	0.770	down
CANV	0.290	0.750	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	0.170	0.400	down
DSCR	0.000	0.025	down
EAPH	0.005	0.013	down
EDXC	0.007	0.019	down
ENCC	n/a	n/a	down
ENDO	0.006	0.018	down
ENRT	0.020	0.032	flat
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	2.800	3.140	down
FWDG	0.000	0.002	down
GBLX	0.210	0.320	down
GRCU	0.000	0.004	down
GRNH	0.015	0.037	down
GWPH	71.600	86.400	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	flat
KAYS	0.067	0.187	flat
LATF	0.000	0.001	down
LXRP	0.180	0.280	up
MCIG	0.017	0.030	down
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	0.135	0.205	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	0.050	0.120	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	0.170	0.550	down
VPOR	0.000	0.001	down
WDHR	0.000	0.002	down
WOGI	0.002	0.008	down
XTRM	0.001	0.004	flat
XXII	1.200	1.500	up

Posted in Bigger Picture

24 Comments

casjf on December 7, 2015 - 2:00 pm at 2:00 pm

CARA – Got as low as 13.35 so far today — is it important for it to reach all the way to 13.00 and then recover to 15.50, or is this close enough for a nibble?
- Rod David on December 7, 2015 - 3:23 pm at 3:23 pm
  
  CARA — It’s near enough to start nibbling, but it’s still important to actually touch 13. Bouncing from any higher would suggest something more substantial underway.
  - Rod David on December 7, 2015 - 4:19 pm at 4:19 pm
    
    Cara Therapeutics Holder Point72 Reports 5.2% Passive Stake
casjf on December 7, 2015 - 3:47 pm at 3:47 pm

KMI – people piling in today – is this just a dead cat bounce?
- Rod David on December 7, 2015 - 4:26 pm at 4:26 pm
  
  KMI — Looks more like piling out than piling in, unless your monitor is upside down ;)
guanito on December 8, 2015 - 7:54 am at 7:54 am

Hi Rod, SPRWF – confirmed breakout – or waiting to fill the gap below? Tks.
- Rod David on December 8, 2015 - 8:36 am at 8:36 am
  
  SPRWF — Breakout. It didn’t participate in the TWMJF and OGRMF second wind. This could be its own 3rd surge coming.
joe on December 8, 2015 - 9:31 am at 9:31 am

FEYE………..Has it bottomed……….time to buy?
- Rod David on December 8, 2015 - 9:40 am at 9:40 am
  
  FEYE – Bottoming requires some sort of ranging, “backing-and-filling.” This pattern continues to be a series of lower lows and lower highs, so it is still classified as trending.
joe on December 9, 2015 - 11:11 am at 11:11 am

SUNE having a good day….where is the resistance here?
- Rod David on December 9, 2015 - 3:27 pm at 3:27 pm
  
  SUNE — 4.31 and 5.25 resistance
casjf on December 9, 2015 - 1:40 pm at 1:40 pm

KMI – Are you sure it isn’t starting to bottom?
- Rod David on December 9, 2015 - 3:28 pm at 3:28 pm
  
  KMI — making lower and lower lows. What is the bottoming action that you are seeing?
casjf on December 9, 2015 - 4:15 pm at 4:15 pm

KMI – I see 4 days with double to quadruple normal volume, with the most recent 3 days being 3 green days, with today opening and closing above yesterday’s close. Although given its terrible track record, I’m realizing it probably would be helpful to be patient for at least through this week, or possibly even until a solid recovery in the $19 area?
- Rod David on December 10, 2015 - 8:54 am at 8:54 am
  
  KMI — The volume does seem to be reaching a crescendo. Perhaps most selling is done. Those sellers needed to be matched by buyers, and nothing suggests they’re suddenly starting up their own engines to outlast the selling, not after a steady drop since April. While a bounce to 18.10 or 19.75 is possible just as noise, bottoms just don’t appear suddenly in these patterns. They take time to form, and the actual low is usually accompanied by relatively low volume, not high. An acquisition would be one of the only ways to shortcut that natural process. In a commodity stock like this, there could also be some external event that affects its underlying commodity.
Josey on December 10, 2015 - 10:26 am at 10:26 am

Hi Rod, Does FCX need to fill yesterdays gap open? Possible bounce target? TY
- Rod David on December 10, 2015 - 11:41 am at 11:41 am
  
  FCX — Yes, that gap should be filled. Meanwhile, bounces have room up to 7.70 just as noise
Josey on December 10, 2015 - 11:34 am at 11:34 am

Will there be livestox today?
- Rod David on December 10, 2015 - 11:42 am at 11:42 am
  
  Sorry, Livestox will be tomorrow
Josey on December 11, 2015 - 10:15 am at 10:15 am

Hi Rod, The 1074 overlapping over and over again in that shinny metal, is that building weakness or strength? TY
I will not be able to attend Livstox today so could you talk GLD, GPRO, USO, TWTR. (I just have been trading one or more up and down daily)
Josey on December 11, 2015 - 10:40 am at 10:40 am

XAU 12/4 start, descending triangle, this morning considered a false break down? Now trading positive.TY
guanito on December 11, 2015 - 10:51 am at 10:51 am

I might have to miss livestocks too. SIL, SLVP – the beginning of the end, or the end of the beginning? Thks.
joe on December 11, 2015 - 11:41 am at 11:41 am

Please take a look at FEYE, SUNE & CARA…..Thank you.
Rod David on December 11, 2015 - 2:47 pm at 2:47 pm

The webinar software could not be initiated and customer service could not resolve it, so I’ve recorded Livestox and it should be available shortly…