The Universe, week of Jan 4 2016…

By Rod David | January 2, 2016 - 4:20 pm

[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 moment of truth is upon us. To what degree were some Cannabis sector stocks pushed down or held back into year-end due to tax loss selling?

Those pressures are done. So, stock patterns matching the January Effect characteristics should start rising, if only because demand has less supply that it must absorb. Stocks that don’t rise this week are suspect.

The optimal January Effect candidate already bottomed into or out of Thanksgiving. Perhaps it blipped-down momentarily to a fresh low during December, but it’s already firming. Nevertheless, following are five new candidates to start the year:

CANN above .65 could rally 50%, but expanding volume is a must… CANV volume is already expanding into a 65% bounce last week, and above .29 could double from there… CARA needs to follow-through immediately on year-end strength to prove its corrective phase has ended… MINE has been sneaking higher since Thanksgiving’s low, and is vulnerable to suddenly surging on expanding volume… RMHB basically doubled since noon Wednesday and volume is attractive, so almost any follow-through could double again.

Marijuana Stock Universe for January 4, 2016
Reference this table during stock reactions
4-week	# up:	13	13.00%
trends*	# flat:	10	10.00%
	# down:	77	77.00%
*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	0.053	0.290	down
CANN	0.350	0.770	down
CANV	0.215	0.480	down
CARA	15.500	17.500	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	0.010	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	0.125	0.260	down
GRCU	0.000	0.004	down
GRNH	0.038	0.054	up
GWPH	61.550	75.650	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	0.133	0.209	flat
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	down
MJNA	0.036	0.048	flat
MNTR	0.220	0.036	down
MSRT	0.830	1.410	down
MYEC	0.014	0.021	down
MYHI	0.013	0.100	down
NDEV	0.008	0.026	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	0.019	0.058	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	0.037	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	0.044	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	0.020	down
VGPR	0.000	0.002	down
VHUB	0.025	0.048	down
VPCO	0.330	0.830	up
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

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