The Universe, week of January 19 2015
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 ||
The streak continues, as the stocks in rolling 4-week uptrends expands to 18% of the Universe. That”s with an assist from adding OXIS to the coverage, but the rest were new improvements.
Not all improving stocks have flipped their “flat” status to “up.” Case in point, MCIG. It had rallied already from fulfilling my .103 target to within an acceptable .004 reach. Testing and retesting of its .18 resistance finally broke through to close above it. But its rolling 4-week trend is still flat.
One more reminder: If you own a stock in this sector that hasn”t yet begun firming after trending down through year-end, then take a closer look. Enlist my help (actually, you already have by subscribing, and just need to bring the specific situation to my attention). Probabilities are high that the story doesn”t hold up.
Two more observations before closing… TRTC has retraced all of its new year surge — which never gained traction anyway — and sits precariously again at support. VAPE could be saved from new lows if it doesn”t delay rallying early this week no heavy volume, because that delay can be deadly at this stage.
The broader market is as frothy as I”ve ever seen it. This sector has found an opening to produce many rallies these first two weeks of the new year. Those two statements are different sides of the same coin. Note that the biggest benefit to the sector”s recent rallies may be the extra room available to absorb natural pullbacks without reversing their trends back down.
Enjoy!
| Marijuana Stock Technical Trader”s Universe for January 19, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 18 | 17.14% |
| trends* | # flat: | 20 | 19.05% |
| # down: | 67 | 63.81% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | 0.050 | 1.260 | down |
| ACGX | 0.000 | 0.003 | up |
| AERO | 3.500 | 4.700 | flat |
| AGTK | 0.005 | 0.127 | down |
| AMMJ | 0.500 | 1.070 | flat |
| ARNA | 4.900 | 7.350 | up |
| ATTBF | 0.135 | 0.202 | flat |
| AVTC | 1.350 | 1.800 | flat |
| AXXU | 0.066 | 0.377 | down |
| BLOZF | 0.074 | 0.154 | flat |
| BLPG | 0.120 | 0.370 | down |
| BNRDF | 0.605 | 0.795 | up |
| BRDT | 0.032 | 0.094 | down |
| BTFL (cank) | n/a | n/a | down |
| CANL | 1.420 | 1.970 | up |
| CANN | 6.220 | 9.300 | up |
| CANV | 3.470 | 4.750 | up |
| CARA | 9.960 | 12.450 | up |
| CBDS | 7.150 | 10.100 | flat |
| CBGI | 0.002 | 0.015 | down |
| CBIS | 0.057 | 0.088 | flat |
| CGRW (bzcn) | n/a | n/a | up |
| CHUM | n/a | n/a | down |
| CNAB | 1.185 | 2.035 | up |
| CTCO | 0.060 | 0.330 | down |
| DEWM | 0.003 | 0.007 | flat |
| DIGP | 0.025 | 0.100 | down |
| DSCR | 0.001 | 0.025 | down |
| EAPH | 0.020 | 0.032 | up |
| EDXC | 0.031 | 0.077 | down |
| ENDO | 0.014 | 0.031 | down |
| ENRT | 0.048 | 0.100 | flat |
| ERBB | 0.011 | 0.017 | flat |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.007 | 0.023 | down |
| FRTD | n/a | 0.008 | flat |
| FSPM | 0.018 | 0.315 | down |
| FULL | 4.380 | 5.230 | down |
| FWDG | 0.005 | 0.018 | down |
| GBLX | 0.208 | 0.486 | down |
| GRCU | 0.003 | 0.008 | down |
| GRNH | 0.090 | 0.174 | flat |
| GWPH | 71.950 | 81.500 | flat |
| HEMP | 0.032 | 0.048 | flat |
| ICBU | 0.008 | 0.016 | flat |
| IGPK | n/a | n/a | down |
| IGRW | 0.001 | 0.004 | down |
| IMLFF | 0.095 | 0.140 | down |
| INCC | 0.001 | 0.007 | down |
| INSY | 43.000 | 51.700 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.084 | 0.129 | up |
| MCIG | 0.177 | 0.258 | flat |
| MDBX | 3.720 | 7.320 | down |
| MDCN | 0.000 | 0.168 | down |
| MDRM | 0.024 | 0.060 | down |
| MINE | 0.009 | 0.014 | up |
| 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 | up |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.000 | 0.380 | down |
| NDEV | 0.200 | 0.440 | up |
| NRTI | 0.001 | 0.048 | down |
| NTRR | 0.050 | 0.220 | down |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.009 | 0.021 | down |
| OXIS | 0.013 | 0.044 | up |
| PAUFF | n/a | n/a | down |
| PHOT | 0.019 | 0.065 | down |
| PLPL | 0.263 | 0.426 | flat |
| PMCB (nvlx) | 0.155 | 0.215 | flat |
| PNTV | n/a | n/a | flat |
| PZOO | 0.005 | 0.030 | down |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.001 | 0.003 | up |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | down |
| SING | 0.002 | 0.009 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.230 | 0.336 | down |
| SRNA | 0.303 | 0.550 | down |
| STEV | 0.071 | 0.100 | down |
| TAUG | 0.012 | 0.020 | down |
| THCZ | 0.007 | 0.017 | down |
| TRTC | 0.247 | 0.330 | down |
| TURV | 0.410 | 0.775 | down |
| TWMJF | 1.490 | 2.040 | down |
| UPOT | 0.340 | 0.900 | down |
| USEI | 0.000 | 0.003 | down |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.490 | 0.930 | down |
| VAPR | 0.050 | 0.120 | flat |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.022 | 0.040 | up |
| VPCO | 0.820 | 1.290 | down |
| VPOR | 0.000 | 0.009 | down |
| VRCI | 0.000 | 0.009 | down |
| WDHR (anyi) | 0.000 | 0.015 | down |
| WOGI (cybk) | 0.002 | 0.008 | down |
| XTRM | 0.000 | 0.006 | down |
| XXII | 1.110 | 1.560 | down |
| ZDPY | n/a | n/a | n/a |