The Universe, week of March 7, 2016… With special announcement
[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 is still the first week in more than 6 months to be greeted by double-digit number of cannabis stocks that are in rising 4-week trends.
The rate of improvement did slow from prior weeks. So, this week is likely to inflect — either our readings will dip back down, or accelerate to an even more substantial rate of improvement. If the former, there is room for a brief pullback, and the recent gains suggest a dip would be only temporary.
If the latter, then the improvement should be obvious. Is something on the horizon that might account for the accumulation? Not an investment conference, but a legislative action, or a certain presidential candidate’s chances improving? We may soon see…
On another note, expect to receive new login instructions in the next two days. Our virtual portfolio partnership will start simultaneously, and Investment Policy Committee meetings will commence.
| Marijuana Stock Universe for March 7, 2016 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 10 | 12.20% |
| trends* | # flat: | 27 | 32.93% |
| # down: | 45 | 54.88% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| AERO | 1.500 | 1.500 | flat |
| AGTK | 0.005 | 0.009 | up |
| AMMJ | 0.070 | 0.160 | flat |
| ARNA | 0.950 | 1.650 | down |
| ATTBF | 0.035 | 0.075 | flat |
| BLOZF | 0.087 | 0.163 | flat |
| BLPG | 0.015 | 0.086 | down |
| 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 | 0.110 | 0.215 | flat |
| 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 | 0.007 | 0.019 | down |
| 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 | down |
| FITX | 0.001 | 0.004 | down |
| FULL | 2.050 | 2.520 | down |
| FWDG | 0.000 | 0.002 | down |
| GBLX | 0.175 | 0.280 | up |
| GRNH | 0.009 | 0.029 | down |
| GWPH | 37.750 | 51.450 | down |
| HEMP | 0.010 | 0.040 | down |
| ICBU | 0.000 | 0.003 | flat |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.110 | 0.180 | 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 | 0.060 | 0.110 | down |
| 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 | 0.220 | 0.036 | flat |
| 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 | down |
| OXIS | 0.470 | 2.650 | down |
| PHOT | 0.034 | 0.076 | up |
| PLPL | 0.063 | 0.108 | flat |
| PMCB | 0.043 | 0.074 | down |
| PNTV | 0.001 | 0.003 | flat |
| 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 | 0.089 | 1.395 | down |

looking forward!
mind looking at WYY again? any signs of basing?
Lower and lower targets are being met, but the ongoing series of lower lows and lower highs has continued uninterrupted. Lately another problem has developed in volume contracting considerably. That makes basing even more difficult to begin, let alone for that to evolve into a new upleg.
Roger that. Steering clear.