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The Universe, week of Jan 18, 2016… – If, Then… Market Timing

The Universe, week of Jan 18, 2016…

By Rod David | January 9, 2016 - 4:20 pm | 12

[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.]

[Next week’s issue won’t be published until Monday evening, Jan 18]

The broader market’s very bad, no good, horrible, terrible week is taking a toll on the Cannabis sector. And it’s not.

The toll being taken is that the percentage of stocks in rising patterns has shrunk to 5%. Meanwhile, that tally reflects several stocks coming on to the list that are replacing those dropping off.

One week does not a trend make. But the following stocks are either new to the potentially bullish list, or improving their previously potentially bullish situation: EAPH, GBLX, ITNS, GRNH, MINE, SRNA.

Notice, the “potentially” bullish reference. They have yet to confirm, or have only traced out possible bottoming patterns.

Marijuana Stock Universe for January 11, 2016
Reference this table during stock reactions
4-week # up: 5 5.00%
trends* # flat: 23 23.00%
# down: 72 72.00%
*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 0.070 0.160 flat
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 0.053 0.290 down
CANN 0.550 0.770 flat
CANV 0.110 0.215 down
CARA 13.800 17.100 flat
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 flat
DIGP 0.120 0.220 down
DSCR 0.000 0.025 down
EAPH 0.004 0.009 flat
EDXC 0.007 0.019 down
ENCC n/a n/a down
ENDO 0.002 0.004 down
ENRT 0.010 0.017 down
ERBB 0.001 0.003 down
ETST n/a n/a down
EXMT 0.000 0.004 down
FITX 0.000 0.005 down
FSPM 0.000 0.250 down
FULL 2.470 2.860 down
FWDG 0.000 0.002 down
GBLX 0.170 0.260 down
GRCU 0.000 0.004 down
GRNH 0.038 0.054 up
GWPH 54.900 67.780 down
HEMP 0.040 0.052 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 23.000 30.000 flat
ITNS 0.001 0.005 flat
KAYS 0.067 0.187 flat
LATF 0.000 0.001 down
LXRPD 0.133 0.209 down
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 0.029 0.068 flat
MJMD 0.000 0.015 down
MJMJ 0.000 0.001 flat
MJNA 0.036 0.048 flat
MNTR 0.220 0.036 down
MSRT 0.830 1.410 down
MYEC 0.008 0.012 down
MYHI 0.013 0.100 down
NDEV 0.008 0.026 down
NMUS 0.450 1.070 flat
NRTI 0.000 0.002 down
NTRR 1.800 3.350 up
OGRMF 0.510 0.920 flat
OSLH 0.000 0.001 down
OXISD 2.250 4.750 down
PHOT 0.004 0.014 down
PLPL 0.053 0.121 down
PMCB 0.064 0.091 flat
PNTV 0.002 0.005 flat
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 0.037 0.073 down
RSSFF 0.030 0.100 down
SING 0.005 0.012 down
SKTO 0.000 0.004 down
SPRWF 0.325 0.450 up
SRNA 0.070 0.100 flat
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 flat
UPOT 0.010 0.050 down
USEI 0.000 0.003 down
VAPE 0.003 0.023 down
VAPR 0.000 0.020 down
VGPR 0.000 0.002 down
VHUB 0.025 0.048 down
VPCO 0.139 0.449 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 flat
Posted in Bigger Picture

12 Comments

  1. casjf on January 11, 2016 - 12:42 pm at 12:42 pm

    CARA – I know you said it needed to hold 14.15-14.50 or it would go to 13. What is support below 13? Thanks!



    • Rod David on January 11, 2016 - 1:04 pm at 1:04 pm

      CARA — 11.45 would be the next support under 13, but not necessarily a bottom



  2. casjf on January 11, 2016 - 2:07 pm at 2:07 pm

    Thanks, Rod!



  3. fennecby on January 13, 2016 - 2:24 am at 2:24 am

    TRTC: the obvious question – what will make it a buy?



    • Rod David on January 13, 2016 - 4:44 am at 4:44 am

      TRTC — Closing above .11 would target .13 and possibly .14. Volume’s pattern is compelling, but the price pattern preceding this recent surge was not accumulative.



      • fennecby on January 13, 2016 - 7:52 am at 7:52 am

        thanks.
        If looking to build a long term position then, would you start nibbling only above .11, or wait for the stock to form a stronger base first?



        • Rod David on January 13, 2016 - 9:23 am at 9:23 am

          TRTC — Not being the product of basing, this surge doesn’t offer any long-term objectives. But that’s a separate matter from building a long-term position. That strategy almost always includes taking an initial position, and then letting further price behavior earn add-ons.



          • fennecby on January 13, 2016 - 10:44 am at 10:44 am

            got it. thanks.



  4. casjf on January 13, 2016 - 1:43 pm at 1:43 pm

    CDZI and PRMW: support & reistance



    • Rod David on January 13, 2016 - 1:58 pm at 1:58 pm

      CDZI — 5.95-6.35 resistance, then 8.95. Support at 4.75

      PRMW — 8.35 support, 9.35 resistance (which should explode higher when probed if the pattern is at all bullish, otherwise probing higher without surging would be suspicious)



  5. Josey on January 13, 2016 - 3:26 pm at 3:26 pm

    Triple bottom on FEYE, what’s up time to nibble or short? TY



    • Rod David on January 13, 2016 - 11:00 pm at 11:00 pm

      FEYE — I don’t see a triangle. What is the date and timestamp of its high and low?