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The Universe, week of Oct 12 2015… – If, Then… Market Timing

The Universe, week of Oct 12 2015…

By Rod David | October 12, 2015 - 10:05 am | 10

[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.]

My morning note Friday on VAPE cleared the email approval hurdle after several minutes, which was enough time to surge through resistance. Having been chipped away, the potential for extending through resistance is greater. Regardless, this is only for a corrective bounce and not for a durable recovery.

Not, yet.

There are a lot of VAPEs starting to form — not necessarily the same profile or liquidity, but ongoing declines showing signs that at least a corrective rally will soon develop. Note that this does NOT include stocks which continue printing lower and lower lows (I’m talking to you, MCIG).

Marijuana Stock Universe for October 12, 2015
Reference this table during stock reactions
4-week # up: 8 7.92%
trends* # flat: 15 14.85%
# down: 78 77.23%
*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 0.009 down
AMMJ 0.070 0.182 down
ARNA 1.490 2.900 down
ATTBF 0.035 0.075 down
AVTC 0.000 0.400 down
BLOZF 0.130 0.340 down
BLPG 0.015 0.086 down
BRDT 0.012 0.048 down
BTFL 0.071 0.232 down
CAFS 0.001 0.011 down
CANL 0.440 0.740 down
CANN 0.970 1.330 flat
CANV 0.570 0.860 down
CARA 14.250 18.870 down
CBDS 1.630 2.660 flat
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 0.210 0.380 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 0.017 0.037 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 2.960 3.160 down
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 86.620 111.000 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 25.050 32.100 down
ITNS 0.001 0.005 down
KAYS 0.067 0.187 flat
LATF 0.000 0.001 down
LXRP 0.098 0.205 up
MCIG 0.023 0.052 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 0.031 0.042 down
MNTR 0.310 0.620 down
MSRT 1.410 1.880 flat
MYEC 0.014 0.021 down
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 0.110 0.310 down
OSLH 0.000 0.001 down
OXIS 0.015 0.027 down
PHOT 0.010 0.030 down
PLPL 0.080 0.125 down
PMCB 0.080 0.112 flat
PNTV 0.001 0.007 down
PZOO 0.004 0.008 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 0.082 0.165 down
SRNA 0.100 0.185 up
STEV 0.049 0.072 flat
TAUG 0.003 0.005 down
THCZ 0.075 0.013 up
TRTC 0.078 0.111 down
TURV 0.630 0.89 down
TWMJF 1.070 1.280 down
UPOT 0.040 0.125 down
USEI 0.000 0.003 down
VAPE 0.046 1.000 down
VAPR 0.000 0.050 down
VGPR 0.000 0.002 down
VHUB 0.025 0.048 up
VPCO 0.400 0.840 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 0.085 1.100 up
Posted in Bigger Picture

10 Comments

  1. Josey on October 12, 2015 - 1:11 pm at 1:11 pm

    Hi Rod, Have a short on crude and was wondering if this is a false break and now headed in the other direction (fresh new low?). What would be the magic close # that would give a sell signal as I would like to add to the short position or not? (47.70?, 46.70, ??)



    • Rod David on October 12, 2015 - 1:55 pm at 1:55 pm

      Closing back under 46 would start to suggest the consolidation is ending and resolving down



  2. Josey on October 12, 2015 - 1:18 pm at 1:18 pm

    Sorry can’t edit.
    Or 43.70 for the fresh lows?



  3. Josey on October 12, 2015 - 1:21 pm at 1:21 pm

    Just thinking,
    is it OK to ask these questions on this side of the fence?



    • Rod David on October 12, 2015 - 1:51 pm at 1:51 pm

      That sounds like it’s associated with the Daily Spot or chaRTroom products.



  4. fennecby on October 12, 2015 - 4:26 pm at 4:26 pm

    Hey Rod.
    How do you feel about SILC? It’s an LT hold for me, but looking strong at the moment and may be of interest to someone here (but beware of earnings coming soon, which *always* [last 10 quarters or so] takes it 20-30% up or down).



    • Rod David on October 13, 2015 - 7:39 am at 7:39 am

      SILC — Very impressive volume patterns accompanying the breakout from a base. Reversing the trend back down would require an amazing surprise. Meanwhile, a pullback has room down to 28.15-28.90 without threatening the breakout’s momentum. The nearside upside attraction is in the 36 area.



      • fennecby on October 13, 2015 - 9:49 am at 9:49 am

        Thanks. Never underestimate the power of SILC surprises though – just look at the chart a couple quarters back.
        Is there a difference between the current action there and the action that greeted earnings back in April?



  5. guanito on October 13, 2015 - 2:48 pm at 2:48 pm

    Hi Rod.
    Is this a propitious entry point for RKUS?
    Tks.



    • Rod David on October 13, 2015 - 3:19 pm at 3:19 pm

      RKUS — This area is a deep enough pullbck for the rally to resume refreshed. But there is still room down to 11.95 before the propitiousness begins diminishing.