The Universe, week of March 30 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 ||
There”s no more appropriate way to open discussion about Marijuana stocks, than to discuss Biotechs. Firstly, I”m sure you have seen last week”s special report on the sector here. We”ll review the sector during our next Livestox.
But the association with Marijuana stocks is that Biotechs had a bad week initially. And my report is stating that there are behaviors among the sector”s components of the “last gasp” variety. Biotechs have been a proxy for free money that has driven the broader market higher. They”re also close cousins with the speculative appetite that keeps the ranks from thinning out too much among the Marijuana stock crowd.
So, it”s interesting to continue an observation I made last week, in the number of stocks dipping down to supports and hugging them, but not breaking lower. That has persisted, if not also deteriorated — at least nine stocks required calculating lower support. And the number of stocks at support remained excessive.
That”s not necessarily bearish, although it usually is. But every stock has makes its own chances. PMCB, for example, hugged its .098 support for four consecutive weeks, then surged 50% this week. THCZ has been on a tear. XTRM just came alive. Don”t ask me about MDCN. Even TRTC has a heartbeat.
But be careful with these two widely-followed issues (at least, among Marketfy members): CBDS and ERBB. The high made by CBDS on hiring Gary Johnson had formed a distributive triangle that I warned about at the time, and it”s now in freefall. ERBB is pretty much on its last leg. Meanwhile, a surge in ATTBF would be credible, as it would in NTRR.
OLD BUSINESS: I”m not comfortable with the limited response I got to this question last week, so I”m leaving it open for discussion… I”ve compiled lists of currently not-covered issues. I”ve made a cursory decision with each which to add coverage, or not. Please weigh in if you want to be sure one of these in the list is added to our Universe. Thanks!
List #1
AWGI, FTST, GTWO, IFNY, IIJP, PKPH
List #2
CAFS, DIDG, DVAP, FWDJ, RIGH
| Marijuana Stock Universe for March 30 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 11 | 10.09% |
| trends* | # flat: | 24 | 22.02% |
| # down: | 74 | 67.89% | |
| *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 | flat |
| AERO | 2.310 | 4.030 | down |
| AGTK | 0.015 | 0.040 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 3.800 | 5.030 | flat |
| ATTBF | 0.093 | 0.175 | flat |
| AVTC | 1.050 | 1.480 | down |
| AXXU | 0.066 | 0.377 | down |
| BLOZF | 0.280 | 0.570 | up |
| BLPG | 0.120 | 0.370 | down |
| BNRDF | 0.605 | 0.795 | flat |
| BRDT | 0.032 | 0.094 | down |
| BTFL (cank) | 0.071 | 0.232 | down |
| CANL | 1.050 | 1.570 | flat |
| CANN | 1.690 | 4.600 | down |
| CANV | 2.290 | 2.690 | down |
| CARA | 8.880 | 11.050 | up |
| CBCA | n/a | n/a | down |
| CBDS | 1.830 | 5.630 | down |
| CBGI | 0.002 | 0.015 | down |
| CBIS | 0.045 | 0.065 | down |
| CGRW (bzcn) | 0.360 | 0.750 | down |
| CHUM | n/a | n/a | down |
| CNAB | 0.425 | 0.095 | down |
| DEWM | 0.001 | 0.004 | down |
| DIGP | 0.025 | 0.100 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.013 | 0.028 | flat |
| EDXC | 0.019 | 0.047 | down |
| ENDO | 0.014 | 0.031 | down |
| ENRT | 0.048 | 0.100 | flat |
| ERBB | 0.006 | 0.010 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.005 | 0.012 | down |
| CAFS (fofu) | 0.025 | 0.066 | up |
| FRTD | 0.000 | 0.008 | flat |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.550 | 4.140 | down |
| FWDG | 0.000 | 0.006 | down |
| GBLX | 0.126 | 0.338 | down |
| GRCU | 0.003 | 0.008 | flat |
| GRNH | 0.090 | 0.174 | down |
| GWPH | 83.300 | 92.000 | up |
| HEMP | 0.025 | 0.035 | down |
| ICBU | 0.002 0.007 0.011 | down | |
| IGPK | n/a | n/a | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.175 | 0.237 | up |
| INCC | 0.001 | 0.007 | flat |
| INSY | 53.750 | 59.750 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.060 | 0.129 | flat |
| MCIG | 0.090 | 0.177 | down |
| MCPI | n/a | n/a | flat |
| MDBX | 0.950 | 2.270 | down |
| MDCN | 0.005 | 0.022 | flat |
| MDRM | 0.016 | 0.038 | down |
| MINE | 0.005 | 0.009 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.020 | 0.499 | down |
| MJNA | 0.099 | 0.160 | down |
| MJNE | n/a | n/a | down |
| MNTR | 0.507 | 0.928 | down |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.070 | 0.330 | down |
| NDEV | 0.113 | 0.260 | down |
| NRTI | 0.005 | 0.019 | flat |
| NTRR | 0.045 | 0.110 | flat |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.002 | 0.009 | down |
| OWCP | n/a | n/a | n/a |
| OXIS | 0.039 | 0.063 | up |
| PAUFF | n/a | n/a | down |
| PHOT | 0.019 | 0.065 | down |
| PKPH | n/a | n/a | flat |
| PLPL | 0.220 | 0.315 | down |
| PMCB (nvlx) | 0.115 | 0.188 | flat |
| PNTV | n/a | n/a | flat |
| PZOO | 0.005 | 0.020 | down |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.000 | 0.003 | up |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | flat |
| SING | 0.002 | 0.011 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.141 | 0.230 | down |
| SRNA | 0.150 | 0.350 | down |
| STEV | 0.071 | 0.100 | flat |
| TAUG | 0.008 | 0.014 | flat |
| THCZ | 0.107 | 0.155 | up |
| TRTC | 0.210 | 0.275 | down |
| TURV | 0.410 | 0.775 | down |
| TWMJF | 1.420 | 1.860 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | flat |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.490 | 0.930 | down |
| VAPR | 0.030 | 0.090 | flat |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.019 | 0.040 | down |
| VPCO | 0.820 | 1.290 | down |
| VPOR | 0.000 | 0.003 | down |
| VRCI | 0.000 | 0.009 | down |
| WDHR (anyi) | 0.000 | 0.002 | down |
| WOGI (cybk) | 0.004 | 0.009 | up |
| XTRM | 0.007 | 0.010 | up |
| XXII | 0.710 | 1.160 | down |
| ZDPY | n/a | n/a | n/a |