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The Universe, week of January 25, 2016… – If, Then… Market Timing

The Universe, week of January 25, 2016…

By Rod David | January 23, 2016 - 4:20 pm | 11

[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.]

Several names jump out from the latest screening of patterns in development.

AERO is almost literally a “double-or-nothing” proposition, as its current basing pattern has reached an inflection point. AMMJ is a “Cup and Handle” pattern that failed its optimal handle limit, but is since trying to resume its rally. CANV spiked up Friday to maintain its accumulative pattern, which took on a steep pullback last week.

TRTC has formed an Ascending Triangle off of its recent surging upleg, which is vulnerable to one more surge, or else a resumption of its ongoing decline. And GWPH is consolidating at a key support area that we discussed during last week’s Livestox, and which didn’t deteriorate further, ignoring the broader market’s interim weakness.

Marijuana Stock Universe for January 25, 2016
Reference this table during stock reactions
4-week # up: 5 5.81%
trends* # flat: 22 25.58%
# down: 59 68.60%
*The percentages of stocks rising or falling over 4 weeks.
symbol support resistance 4-week trend
AERO 0.830 1.260 flat
AGTK 0.000 0.003 flat
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 flat
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 10.500 13.900 down
CBDS 0.510 1.850 down
CBGI 0.000 0.005 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 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 0.005 0.014 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 2.050 2.520 down
FWDG 0.000 0.002 down
GBLX 0.170 0.260 down
GRCU 0.000 0.004 down
GRNH 0.026 0.042 flat
GWPH 51.050 65.350 down
HEMP 0.010 0.040 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 down
ITNS 0.001 0.005 up
KAYS 0.067 0.187 flat
LXRPD 0.133 0.209 down
MCIG 0.023 0.040 flat
MDBX 0.006 0.051 down
MDRM 0.025 0.060 up
MINE 0.029 0.068 flat
MJMJ 0.000 0.001 flat
MJNA 0.036 0.048 down
MNTR 0.220 0.036 down
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 0.510 0.920 flat
OXIS 0.470 2.650 down
PHOT 0.004 0.014 down
PLPL 0.026 0.069 down
PMCB 0.064 0.091 down
PNTV 0.002 0.005 up
PZOO 0.000 0.002 down
RMHB 0.037 0.073 down
RSSFF 0.030 0.100 down
SING 0.005 0.012 down
SPRWF 0.325 0.450 up
SRNA 0.070 0.100 flat
STEV 0.005 0.024 down
TAUG 0.001 0.004 down
TRTC 0.115 0.160 up
TURV 0.463 0.770 flat
TWMJF 1.800 2.400 flat
UPOT 0.010 0.050 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 0.020 0.160 down
WOGI 0.001 0.004 down
XTRM 0.001 0.004 flat
XXII 0.089 1.395 down
Posted in Bigger Picture

11 Comments

  1. Josey on January 26, 2016 - 3:06 pm at 3:06 pm

    Hi Rod, I am short PANW is that a running correction this afternoon starting about 2:35 pm. Should it test the RSI @ the high?



    • Rod David on January 26, 2016 - 3:15 pm at 3:15 pm

      PANW — Yes, so its upper-quadrant should be retested up to 148



  2. Josey on January 28, 2016 - 10:34 am at 10:34 am

    Hi Rod, really breaking down now, is this the big fall about to happen now under big levels? TY



    • Rod David on January 28, 2016 - 12:27 pm at 12:27 pm

      Are you referring to a specific stock?



  3. Josey on January 28, 2016 - 12:30 pm at 12:30 pm

    Hi Rod, DD look like it’s filling gaps or fresh lows? TY



  4. Josey on January 28, 2016 - 12:34 pm at 12:34 pm

    My ? below was for the overall market as it seemed to be falling apart @ the time.



    • Rod David on January 28, 2016 - 1:30 pm at 1:30 pm

      Sorry, didn’t catch that… The market timing posts are the better place for broader market questions, especially if time-sensitive



  5. Josey on January 28, 2016 - 2:03 pm at 2:03 pm

    Hi Rod, Any thoughts on DD?



    • Rod David on January 29, 2016 - 7:21 am at 7:21 am

      DD — Sorry, I didn’t see this earlier… Support at 51.05 comes from a swing projection that coincides with filling the gap there from October. A bigger bounce isn’t required, but it would have potential up to 55.70-58.55 before resuming the decline.



  6. fennecby on January 28, 2016 - 2:33 pm at 2:33 pm

    re AERO – any time limit on that “double or nothing” you mentioned? And where does the “nothing” scenario lead?



    • Rod David on January 29, 2016 - 7:24 am at 7:24 am

      AERO — The nothing scenario leads to nothing in particular, but not to a rally. Any rally at all should double. There’s no time limit to the double, other than it should be relatively quick after finally breaking out. Whether or not doubling, the initial surge could be the end of it. But the clock doesn’t start ticking until a breakout.