The Universe, week of Nov 21 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.]
This week brings Thanksgiving. Regardless of the sector’s performance, I truly wish all of my subscribers have more than their fair share for which to be thankful.
As for the sector, I hope it’s not “curses for taking” day. That’s difficult to avoid for anyone committed to the sector for long. And it’s only going to be more difficult with another round of tax loss selling pressures getting into gear around this time.
Toward that end, two patterns jump out as being on the precipice of a much deeper downleg. A longer-term decline is already known in CBIS. But I would also mention MSRT, which had potential to resume its rally, but its pullback is probing under critical support. I’ll note others as they appear, but don’t hesitate to ask.
Meanwhile, several issues have formed bullish patterns, some of which I’ve noted here previously. In alphabetical order, they are: AMMT LXRP, MJNA, RSSFF and XXII. One issue that seems to have risen from the dead is UPOT.
We’ll look at these during Livestox, but don’t hesitate to ask about any issue of current importance.
| Marijuana Stock Universe for November 23, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 12 | 12.00% |
| trends* | # flat: | 17 | 17.00% |
| # down: | 71 | 71.00% | |
| *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 | 2.800 | 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 | 0.830 | 1.410 | down |
| 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 | 0.080 | 0.110 | 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 | 0.135 | 0.205 | up |
| SRNA | 0.074 | 0.120 | down |
| STEV | 0.033 | 0.041 | 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 | 0.090 | 0.290 | 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 | 0.002 | 0.008 | down |
| XTRM | 0.001 | 0.004 | flat |
| XXII | 1.300 | 1.850 | up |

Hihi Rod – TACT – bottomed?
Tks!
TACT — The bounce’s volumee pattern is not impressive. It looks more like “higher prior lows” at 8.85-8.90 are being tested before reacting down to fresh lows. A lot of resistance at 9.15-9.30, too, and I won’t be able to get bullish any lower.