[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.]

Links to ||Last week's Universe || Prior week's Universe || Previous week's Universe ||

Messy kitchen? Last week's comments about the sector's internal improvement warned not to get too excited. Even if bullish, price wasn't required to suddenly rally.

And it didn't.

The week did end with some interesting buying. A fair portion of it was reactions to fresh lows printed during the week. But the 4-week trend readings slipped after having improved last week.

The same caveat applies to last week's deterioration as was said for the prior week's improvement -- don't get too excited. I would have been suspicious of a sector-wide reversal occurring at once, and so near a low. Especially without any broader news that might explain it.

So, the next upleg might not have begun yet. It might not begin soon. But the recently opened door to an upleg remains open, despite last week's action.

Enjoy!