Posts by Rod David
Morning Bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2043.50 | 2034.00 |
| …would target | 2051.00 | 2041.50 |
| Bias-down: under | 2028.25 | 2018.75 |
| …would target | 2017.50 | 2008.00 |
| Signal status: BIAS-DOWN, BIAS-DOWN TARGET EXCEEDED | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 10:15, trading above the bias-up signal or under the bias-down signal would put into play a test of its bias-up or bias-down target.
2. Not triggering either bias signal at 10:15 would be “no-bias,” and the bias signals should define the bias environment’s range.
— A test of the opposite bias signal would be targeted if one bias signal was tested before triggering no-bias.
3. Touching the bias signal within 3 minutes either way of 10:15 would invoke a grace period through 10:30 to trigger a late signal.
— “Late” signals don’t require testing the opposite bias signal, but it’s still likely.
4. Still testing the bias signal at 10:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
Sunday night’s chaRTroom link
Globex re-opens at 6:00pm ET, and it should be fun. That was already likely after Friday’s session. But weekend developments offer potential for another “hope springs eternal” bounce.
A petition to re-vote is gathering steam, supported by multiple Groucho Marxes, Seymour Butts and Mickey Mouses. Veto powers by Scotland and Ireland are being researched (by U.S. Republican delegates, too). Yet, many other countries are clearly heading to their own EUxit votes, too. Weekend elections in Spain are also skewing the playing field. Another fun week lies ahead!
See you there tonight… CLICK HERE TO ENTER
Saturday Review’s recording (for 6/25/16) …
Every bit of “unfinished business above” had been neutralized before Thursday’s Brexit vote results began pouring in. “Bad news,” no more buying pressure, and the weekend’s impending illiquidity, all combined into a perfect storm that took the market from one end of the range to the other. Closing any lower Monday would confirm a much deeper drop underway. Otherwise, there is potential for another bounce.
This week’s Saturday Review defines those possible resolutions, and their paths. With great questions from attendees. Then we reviewed many stocks of interest to subscribers.
The following stock requests were reviewed in this order:
PCLN, NFLX, PODD, FNMA, BAC, UBS, NUGT, SYMC, Silver, GDX, BIDU, CVS, GOOG, SODA, LMNX, LOCO, RTRX
06/25/2016 09:29:58 Mark Glezer: gm
06/25/2016 09:30:20 David B: good morning
06/25/2016 09:31:11 Rod David: CHARTS WILL DISAPPEAR MOMENTARILY WHILE I START THE RECORDER
06/25/2016 09:32:23 charlie: hi0
06/25/2016 09:47:34 Mark Glezer: Fri volume seemed very low on ES, does it mean that big money are massively short & in no hurry to cover having much lower targets in mind?
06/25/2016 10:01:58 Mark Glezer: is a preference for a bounce that 1993.50 is retested intraday, not overnight?
06/25/2016 10:04:20 Mark Glezer: yes
06/25/2016 10:13:51 Josey: If this turns out to be the Mother of all reversals, is the line in the sand 1980 es?
06/25/2016 10:22:28 David B: what would tell us we are heading toward a close above 2090?
06/25/2016 10:22:44 ljr: stock: PCLN NFLX BIDU plz
06/25/2016 10:23:16 David B: and would that mean we are heading toward new highs again
06/25/2016 10:23:45 sm: Wed is also CCAR
06/25/2016 10:26:17 Mark Glezer: do you think gapping down too much on Mon will be a buying opportunity?
06/25/2016 10:26:30 sm: Comprehensive Capital Analysis and Review
06/25/2016 10:26:50 David B: i said last week that market did not seem to discount to what happened oon fri do you agree?
06/25/2016 10:27:21 David B: yes
06/25/2016 10:28:35 David B: you think the vote will be the other way we would of had a sell n the news?
06/25/2016 10:30:50 Mark Glezer: interesting that Janet warned of devastating consecuences of Brexit but they still bought it blindly going into it
06/25/2016 10:31:53 Josey: PODD, FNMA
06/25/2016 10:32:04 Mark Glezer: BAC
06/25/2016 10:32:42 Mark Glezer: UBS
06/25/2016 10:33:27 Mark Glezer: CVS
06/25/2016 10:34:12 Doran from Kalamazoo: NUGT, SYMC
06/25/2016 10:55:04 ljr: GOOGL/Goog. and SODA if u have time thx
06/25/2016 11:01:02 Doran from Kalamazoo: lmnx, loco
06/25/2016 11:07:46 Doran from Kalamazoo: rtrx
06/25/2016 11:12:05 ljr: thx for all. I’ll watch the recording later. bye
06/25/2016 11:14:42 Doran from Kalamazoo: long
06/25/2016 11:17:36 Josey: Ty, Rod . great week last :)
06/25/2016 11:17:42 Mark Glezer: did I miss CVS?
06/25/2016 11:17:53 charlie: tks
06/25/2016 11:18:17 Mark Glezer: thx
06/25/2016 11:18:29 Mark Glezer: thx much
06/25/2016 11:19:10 Doran from Kalamazoo: thx
06/25/2016 11:19:13 sm: thx
06/25/2016 11:19:32 Rod David: CHARTS WILL DISAPPEAR MOMENTARILY WHILE I STOP THE RECORDER
Saturday Review Link
Fun week! Be sure to join us by 9:30am ET for this weekend’s Saturday Review. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!
Post-market Wrap (recording & summary)
Friday afternoon’s gained traction in a hard fought battle that barely probed 2035.00 and 2036.00 relevant prior lows at the bias environment exit and the final hour’s entry. The 3:10-3:20 timing window was much more decisive, dropping more than 10 points to fresh session post-open lows at 2022.25.
That retraced 61.8% of the 66-point rally from overnight lows. And then some, suggesting that lower price would be met — at least, undermining the sponsorship of any reaction up.
Undermining the reaction’s sponsorship didn’t prevent attacking 2040.00, 17 points off the low. That was similar in principle to the earlier blip-up to 2038.00. The afternoon’s bias-down detour was similar, too. Hope springs eternal. The reaction’s resolution was similar, too. Already retracing 61.8% into the cash session close, fresh lows were probed down to 2016.25.
Details and other markets coverage are discussed in the post-market Wrap recording here.
Join us in the chaRTroom here for this weekend’s Saturday Review at 9:30am ET.