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The Universe, week of Nov 14, 2015… Meh. – If, Then… Market Timing

The Universe, week of Nov 14, 2015… Meh.

By Rod David | November 14, 2015 - 11:46 am | 20

[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.]

With one exception, no new components of the sector triggered a signal or did anything newly remarkable. The exception was CARA, which decided suddenly to stop basing for several minutes, rallied to its 17.75 target, and then fell right back down into the base. The actual move was a little more involved, but not much more so.

Marijuana Stock Universe for November 16, 2015
Reference this table during stock reactions
4-week # up: 12 12.00%
trends* # flat: 20 20.00%
# down: 68 68.00%
*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 0.070 0.150 down
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 0.600 1.330 flat
CANV 0.795 1.160 flat
CARA 14.250 18.870 flat
CBDS 0.510 1.850 down
CBGI 0.000 0.005 down
CBIS 0.020 0.041 flat
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 0.012 0.026 down
ERBB 0.002 0.004 flat
ETST n/a n/a flat
EXMT 0.000 0.004 up
FITX 0.004 0.078 up
FSPM 0.000 0.250 down
FULL 2.940 3.140 up
FWDG 0.000 0.002 down
GBLX 0.210 0.320 down
GRCU 0.000 0.004 flat
GRNH 0.023 0.067 flat
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 0.100 0.180 down
INCC 0.000 0.002 down
INSY 26.000 36.000 flat
ITNS 0.001 0.005 down
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 0.040 0.070 down
MDCN 0.000 0.001 down
MDRM 0.008 0.025 down
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 0.310 0.620 down
MSRT 1.410 1.880 flat
MYEC 0.014 0.021 up
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 1.200 2.100 flat
OGRMF 0.510 0.920 up
OSLH 0.000 0.001 down
OXIS 0.009 0.019 down
PHOT 0.010 0.030 down
PLPL 0.053 0.121 down
PMCB 0.095 0.115 flat
PNTV 0.001 0.007 down
PZOO 0.001 0.005 down
QEDN 0.000 0.003 down
REDG 0.000 0.003 down
RFMK 0.000 0.002 down
RMHB (thcz) 0.075 0.013 flat
RSSFF 0.030 0.100 down
SING 0.005 0.012 down
SKTO 0.000 0.004 down
SPRWF 0.180 0.230 up
SRNA 0.100 0.185 flat
STEV 0.038 0.055 down
TAUG 0.003 0.005 down
TRTC 0.082 0.118 down
TURV 0.463 0.770 down
TWMJF 1.370 1.980 up
UPOT 0.040 0.125 flat
USEI 0.000 0.003 down
VAPE 0.001 0.038 down
VAPR 0.000 0.050 down
VGPR 0.000 0.002 down
VHUB 0.025 0.048 up
VPCO 0.170 0.550 down
VPOR 0.000 0.001 down
WDHR 0.000 0.002 down
WOGI 0.005 0.013 flat
XTRM 0.001 0.004 flat
XXII 1.300 1.850 up
Posted in Bigger Picture

20 Comments

  1. fennecby on November 15, 2015 - 2:47 am at 2:47 am

    Thanks.
    Looking forward to the coming week – where is the new leg on MYL headed?



  2. fennecby on November 16, 2015 - 1:18 pm at 1:18 pm

    and while I’m the only one here, can you take a look at GNE? Does it look like it wants to start a new upleg? Not so much, to me.



    • Rod David on November 16, 2015 - 2:43 pm at 2:43 pm

      GNE — Would look interesting above 13.10, but nothing about it currently suggests more than a trading range



      • fennecby on November 16, 2015 - 3:10 pm at 3:10 pm

        thank you.



  3. Josey on November 16, 2015 - 1:31 pm at 1:31 pm

    Hi Rod, Thinking USO has a near term bottom and it retested with pos div. in RSI today. If closing above 13.40 would it like to run to 14.00 – 14.50? TY



    • Rod David on November 16, 2015 - 2:44 pm at 2:44 pm

      USO — Crude Oil has come within a quarter and then within a dime of my target area, while RSIs diverge positively, so I’ve been looking for a corrective bounce



  4. Josey on November 16, 2015 - 1:38 pm at 1:38 pm

    Does GPRO still need to retest 20.77?



    • Rod David on November 16, 2015 - 2:45 pm at 2:45 pm

      GPRO — Friday’s low doesn’t require a retest, but that doesn’t default to being a buy signal.



  5. Josey on November 16, 2015 - 1:46 pm at 1:46 pm

    Looks like USO is now div. neg. last 45+ :(



  6. guanito on November 16, 2015 - 2:21 pm at 2:21 pm

    Hi Rod. I have a small position in SIL. Looking to add and/or a target si vous plait. Merci bien.



  7. fennecby on November 16, 2015 - 3:11 pm at 3:11 pm

    reposting my question re MYL – where is the new upleg headed?



    • Rod David on November 16, 2015 - 3:33 pm at 3:33 pm

      MYL – Near-term resistance at 54.25 with potential to 60.55



      • fennecby on November 16, 2015 - 3:38 pm at 3:38 pm

        thanks.



  8. casjf on November 18, 2015 - 4:01 pm at 4:01 pm

    SUNE – Looks like it might be beginning a 3 day surge. What would it need to hold as support tomorrow for this to be true? And what is resistance?



    • Rod David on November 19, 2015 - 8:50 am at 8:50 am

      A 3rd-day surge is identified after 2 days of surging, but SUNE is sitting at its low. The pattern wouldn’t be required to hold any particular support.



      • Rod David on November 19, 2015 - 8:51 am at 8:51 am

        There is potential for some support here at 2.80, but the next lower objective would be 1.45



  9. guanito on November 19, 2015 - 3:37 pm at 3:37 pm

    Hi Rod – Looking at SLVP to get long. Tks



    • Rod David on November 20, 2015 - 7:25 am at 7:25 am

      SLVP — Precious Metals are trying to form a bottom this week. SLVP would help to confirm back above 6.45. Closing above 7.75 would signal its trend had reversed up.



  10. casjf on November 20, 2015 - 10:17 am at 10:17 am

    SRNA – Now below the .10 support. What is the next level of support below this?



    • Rod David on November 20, 2015 - 12:18 pm at 12:18 pm

      SRNA — If this probe under .10 isn’t rejected, then it would target .077 and .045