The Universe, week of March 14, 2016…

By Rod David | March 13, 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.]

This week’s issue is available simultaneously at IPCstocks.com. “IPC” is short for “Investment Policy Committee,” and that’s the new address for my stock service. You’ll receive email overnight that prompts you to choose a password. Investfly.com has added specific order types and functionality so they can partner with us for our virtual portfolio. We’ll discuss this, and more, during Livestox this Monday at 5:30pm ET. See you there!

Last week’s discussion about the sector’s recent improvements had noted the timing for it to become more serious. And it did. The percentage of stocks above their 4-week moving averages had crept into double-digits. This week’s tally exploded to its best levels yet. Less noticeable is the shrinking percentage of stocks under their short-term moving averages.

Among the newer “up” stocks is BLOZF, BLPG, CANV and even EDXC. As a reminder that nothing rises in a straight line or forever, an earlier new up stock — AGTK — was reversed to “down.” A couple of potential improvements for next week are ENDO and ENRT.

While the improvements seem too consistent to be very temporary, there’s no assurance of broadening across the majority of the sector. But I do expect much wider participation to follow sooner, rather than later.

Marijuana Stock Universe for March 14, 2016
Reference this table during stock reactions
4-week	# up:	14	17.07%
trends*	# flat:	28	34.15%
	# down:	40	48.78%
*The percentages of stocks rising or falling over 4 weeks.

symbol	support	resistance	4-week trend
AERO	1.500	1.500	flat
AGTK	0.004	0.007	flat
AMMJ	0.085	0.160	flat
ARNA	0.950	1.650	down
ATTBF	0.035	0.075	flat
BLOZF	0.160	0.220	up
BLPG	0.032	0.053	up
BRDT	0.012	0.031	flat
BTFL	0.000	0.005	down
CAFS	0.001	0.004	down
CANL	0.053	0.290	flat
CANN	0.350	0.550	down
CANV	0.290	0.550	up
CARA	2.750	5.900	down
CBDS	0.070	0.600	down
CBIS	0.005	0.017	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
EAPH	0.004	0.009	flat
EDXC	0.017	0.032	up
ENCC	n/a	n/a	flat
ENDO	0.005	0.009	flat
ENRT	0.005	0.014	down
ERBB	0.001	0.003	flat
ETST	n/a	n/a	down
EXMT	0.000	0.004	flat
FITX	0.001	0.004	down
FULL	2.050	2.520	down
FWDG	0.000	0.002	down
GBLX	0.175	0.280	flat
GRNH	0.009	0.029	down
GWPH	37.750	47.100	down
HEMP	0.010	0.040	down
ICBU	0.000	0.003	flat
IGRW	0.000	0.002	down
IMLFF	0.040	0.115	flat
INCC	0.000	0.002	down
INSY	14.950	21.250	down
ITNS	0.001	0.005	flat
KAYS	0.067	0.187	flat
LXRP	0.100	0.220	flat
MCIG	0.029	0.052	up
MDBX	0.006	0.051	down
MDRM	0.040	0.108	up
MINE	0.019	0.040	down
MJMJ	0.000	0.001	flat
MJNA	0.028	0.044	down
MNTR	0.320	0.550	up
MSRT	0.830	1.410	down
MYEC	0.008	0.012	down
MYHI	0.013	0.100	down
NMUS	0.450	1.070	flat
NTRR	1.120	1.800	flat
OGRMF	0.435	0.630	flat
OXIS	0.470	1.230	down
PHOT	0.020	0.040	up
PLPL	0.063	0.108	flat
PMCB	0.043	0.074	down
PNTV	0.002	0.004	up
PZOO	0.000	0.002	down
RMHB	0.028	0.051	flat
RSSFF	0.030	0.100	down
SING	0.006	0.014	up
SPRWF	0.225	0.375	up
SRNA	0.052	0.087	down
STEV	0.015	0.037	down
TAUG	0.001	0.004	down
TRTC	0.115	0.160	up
TURV	0.463	0.770	flat
TWMJF	1.800	2.400	up
UPOT	0.010	0.050	down
VAPE	0.003	0.023	flat
VAPR	0.000	0.020	down
VGPR	0.000	0.002	down
VHUB	0.025	0.048	down
VPCO	0.000	0.095	down
WOGI	0.001	0.004	flat
XTRM	0.001	0.004	flat
XXII	0.800	1.010	down

Posted in Bigger Picture