The Universe, week of Nov 2 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.]

Let’s revisit the Canadian stocks mentioned previously (OGRMF, SPRWF, TWMJF). They had formed 3-day surges, which tends to mark significant near-term momentum peaks. In fact, their price action reacted down considerably from there.

Another trait of the 3-day surge is that recovering its peak is very bullish. The assumption is that the impatient buyers who created the froth have been corrected. These stocks ended the week probing their surge peaks.

Probing, or retesting? Overlapping. Extending higher through Monday’s close would confirm the breaks higher underway, and new uplegs developing. Otherwise, the surge highs will more likely hold their retest. Reversing down isn’t mandatory, but at least a delay to rallying would be.

Among the sector, only one other new issue is timely, PMCB, which has formed a massive inverted Head & Shoulders pattern. We’ll review the chart during Livestox.

Marijuana Stock Universe for November 2, 2015
Reference this table during stock reactions
4-week	# up:	10	10.00%
trends*	# flat:	17	17.00%
	# down:	73	73.00%
*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	down
BLOZF	0.130	0.240	down
BLPG	0.015	0.086	down
BRDT	0.012	0.031	down
BTFL	0.011	0.059	down
CAFS	0.001	0.011	down
CANL	0.440	0.740	down
CANN	0.600	1.330	flat
CANV	0.795	1.160	flat
CARA	14.250	18.870	down
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	0.300	0.590	down
DEWM	0.001	0.003	down
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	3.130	3.390	up
FWDG	0.000	0.002	down
GBLX	0.270	0.460	up
GRCU	0.000	0.004	flat
GRNH	0.023	0.067	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	0.100	0.180	down
INCC	0.000	0.002	down
INSY	21.250	27.350	down
ITNS	0.001	0.005	down
KAYS	0.067	0.187	flat
LATF	0.000	0.001	down
LXRP	0.140	0.205	flat
MCIG	0.017	0.030	down
MDBX	0.062	0.150	flat
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	0.020	0.035	down
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	0.022	0.046	flat
OGRMF	0.390	0.520	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	0.140	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
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
THCZ	0.075	0.013	flat
TRTC	0.088	0.129	down
TURV	0.463	0.770	down
TWMJF	1.910	2.200	up
UPOT	0.040	0.125	down
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