The Universe, week of December 8 2014
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 ||
If there”s any one thing that I love about the markets, it is that they continually surprise me. And if there is any one thing that I hate about them, it is the same thing.
I”m not surprised that many of the marijuana sector”s stocks have extended down so deeply into year-end. But the percentage is somewhat surprising. And so is the duration — that is, for so many issues to still be probing new trend lows with December already underway.
So, there isn”t yet any rotation out of laggards and into leaders. There are no leaders. And there seems to be no price too cheap for more shareholders to decide that monetizing their loss into a tax benefit is worth more than holding onto a lottery ticket.
Perhaps the balloon”s air isn”t being heated, so there”s nothing to create lift. But it won”t require much since all of the ballast must have been jettisoned by now, or nearly so. The proof of that will be in whether the Christmas is greeted by prices bubbling up here, there, and… no, not everywhere… and New Year”s is repeating some of last year”s performances.
| Marijuana Stock Technical Trader”s Universe for December 8, 2014 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 13 | 13.54% |
| trends* | # flat: | 27 | 28.13% |
| # down: | 56 | 58.33% | |
| *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 | up |
| 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 | 1.370 | 2.080 | down |
| CANV | 2.400 | 5.550 | flat |
| CARA | 7.810 | 10.840 | up |
| CBDS | 6.980 | 10.170 | down |
| CBGI | 0.005 | 0.035 | down |
| CBIS | 0.055 | 0.082 | up |
| CGRW (bzcn) | n/a | n/a | up |
| CHUM | n/a | n/a | down |
| CNAB | 0.465 | 0.987 | down |
| CTCO | 0.049 | 0.364 | down |
| CYBK | 0.005 | 0.015 | down |
| DEWM | 0.004 | 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 | 0.023 | 0.040 | 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 | 4.800 | 5.850 | 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 | 0.002 | 0.006 | up |
| IMLFF | 0.130 | 0.175 | down |
| INSY | 34.700 | 44.500 | up |
| ITNS | 0.006 | 0.012 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.084 | 0.129 | flat |
| MCIG | 0.135 | 0.220 | down |
| MDBX | 6.680 | 10.330 | down |
| MDCN | 0.053 | 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 | 0.132 | 0.217 | up |
| MJNE | n/a | n/a | down |
| MNTR | 0.660 | 1.767 | flat |
| 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 | 0.150 | 0.380 | down |
| SING | 0.008 | 0.013 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.330 | 0.430 | flat |
| SRNA | 0.029 | 0.099 | down |
| STEV | 0.079 | 0.120 | flat |
| TAUG | 0.012 | 0.020 | down |
| TRTC | 0.280 | 0.465 | flat |
| TURV | 0.650 | 0.88 | down |
| TWMJF | 1.800 | 2.510 | flat |
| 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 | 1.760 | 2.290 | down |
| ZDPY | n/a | n/a | n/a |