The Universe, week of Dec 28, 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.]
Happy New Year!
The year’s last week of trading now commences, tax loss selling comes to an end. The optimal January Effect candidate will already have bottomed, meaning no fresh lows this week — perhaps taking another dip to correct an interim bounce.
New January Effect candidates are GRNH, GWPH, MCIG, TURV.
Anyone still needing year-end stock chart analysis to further inform their own tax decisions should email me earlier this week, rather than later. I’ll make every effort to turn around an analysis with time to contemplate it.
| Marijuana Stock Universe for December 28, 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 14 | 14.00% |
| trends* | # flat: | 10 | 10.00% |
| # down: | 76 | 76.00% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACGX | 0.000 | 0.003 | down |
| AERO | 0.830 | 1.260 | down |
| AGTK | 0.000 | 0.004 | down |
| AMMJ | 0.140 | 0.290 | up |
| ARNA | 1.650 | 2.200 | down |
| ATTBF | 0.035 | 0.075 | flat |
| BLOZF | 0.087 | 0.163 | down |
| BLPG | 0.015 | 0.086 | down |
| BRDT | 0.012 | 0.031 | down |
| BTFL | 0.002 | 0.005 | down |
| CAFS | 0.001 | 0.011 | down |
| CANL | 0.250 | 0.500 | down |
| CANN | 0.350 | 0.770 | down |
| CANV | 0.169 | 0.440 | down |
| CARA | 14.250 | 18.870 | up |
| CBDS | 0.510 | 1.850 | down |
| CBGI | 0.000 | 0.005 | down |
| CBIS | 0.015 | 0.023 | down |
| 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 | 0.120 | 0.220 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.003 | 0.006 | down |
| EDXC | 0.007 | 0.019 | down |
| ENCC | n/a | n/a | down |
| ENDO | 0.006 | 0.018 | down |
| ENRT | 0.015 | 0.025 | down |
| ERBB | 0.001 | 0.003 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.004 | 0.078 | flat |
| FSPM | 0.000 | 0.250 | down |
| FULL | 2.470 | 2.860 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.125 | 0.260 | down |
| GRCU | 0.000 | 0.004 | down |
| GRNH | 0.029 | 0.042 | flat |
| GWPH | 58.750 | 78.000 | down |
| HEMP | 0.050 | 0.107 | down |
| ICBU | 0.000 | 0.003 | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.110 | 0.180 | flat |
| INCC | 0.000 | 0.002 | down |
| INSY | 26.400 | 34.950 | up |
| ITNS | 0.001 | 0.005 | down |
| KAYS | 0.067 | 0.187 | flat |
| LATF | 0.000 | 0.001 | down |
| LXRPD | 0.180 | 0.280 | up |
| MCIG | 0.035 | 0.055 | up |
| MDBX | 0.003 | 0.033 | down |
| MDCN | 0.000 | 0.001 | down |
| MDRM | 0.025 | 0.060 | up |
| 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 | 0.220 | 0.036 | down |
| MSRT | 0.830 | 1.410 | down |
| MYEC | 0.014 | 0.021 | flat |
| 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 | 1.800 | 3.350 | up |
| OGRMF | 0.510 | 0.920 | up |
| OSLH | 0.000 | 0.001 | down |
| OXISD | 2.250 | 4.750 | flat |
| PHOT | 0.004 | 0.014 | down |
| PLPL | 0.053 | 0.121 | down |
| PMCB | 0.064 | 0.080 | down |
| PNTV | 0.001 | 0.007 | down |
| PZOO | 0.000 | 0.002 | down |
| QEDN | 0.000 | 0.003 | down |
| REDG | 0.000 | 0.003 | down |
| RFMK | 0.000 | 0.002 | down |
| RMHB | 0.021 | 0.045 | down |
| RSSFF | 0.030 | 0.100 | up |
| SING | 0.005 | 0.012 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.220 | 0.330 | up |
| SRNA | 0.044 | 0.078 | down |
| STEV | 0.022 | 0.039 | down |
| TAUG | 0.001 | 0.004 | down |
| TRTC | 0.082 | 0.118 | down |
| TURV | 0.463 | 0.770 | flat |
| TWMJF | 1.800 | 2.400 | up |
| UPOT | 0.010 | 0.050 | down |
| USEI | 0.000 | 0.003 | down |
| VAPE | 0.003 | 0.023 | down |
| VAPR | 0.000 | 0.050 | down |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.025 | 0.048 | down |
| VPCO | 0.070 | 0.260 | down |
| VPOR | 0.000 | 0.001 | down |
| WDHR | 0.000 | 0.002 | down |
| WOGI | 0.001 | 0.004 | down |
| XTRM | 0.001 | 0.004 | flat |
| XXII | 1.310 | 1.700 | up |

Hi Rod, An island has to be above or below the previous highs or lows, no? Can a head and shoulders pattern have gaps? TY
Islands should not overlap the mainland… Personally, I prefer Head & Shoulders patterns that develop smoothly and symmetrically. Regardless, volume should contract throughout the pattern’s formation, which isn’t likely if the head formed an island.
hey Rod.
How does WYY look for January?
WYY — Still in a downtrend, but the low satisfied a big distributive target. Back above .77 much sooner rather than later would suggest momentum reversing up. But a recovery at this stage should be obvious relatively soon to avoid extending the ongoing trend of lower lows and lower highs.
thanks.