Posts by Rod David
Livestox Recording Dec 23, 2015
Wednesday’s Livestox recording is below, and the stocks we addressed in order follow that. Please don’t hesitate posting follow-up questions to this blog post’s thread… Merry Christmas, Happy Holidays, enjoy!
SPX
GLD
SLV
USO
IMGN
GTLS*
NVLS
CCO
WFM*
TWTR*
GPRO*
AMMJ
SPRWF
MCIG
OXIS
XXII
INSY
CARA
GWPH*
Look ahead: Economic Calendar – for Thu, Dec 24, 2015
A midday look ahead in preparation for economic reports and events scheduled for the next trading day.
Highlights: Thursday’s early close is already lightly attended. Any surprising report should have only a brief reaction.
Jobless Claims
8:30 AM ET
Bloomberg Consumer Comfort Index
9:45 AM ET
EIA Natural Gas Report
10:30 AM ET
NYSE Early Close
1:00 PM ET
Globex Early Close
1:15 PM ET
Afternoon Bias
| WED afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 2059.25 | 2050.00 |
| …would target | 2064.25 | 2055.00 |
| Bias-down: under | 2052.25 | 2043.00 |
| …would target | 2047.25 | 2038.00 |
| Signal status: noN-BIAS, TESTED BIAS-UP SIGNAL | FAQ | |
| INTRO VIDEOS #1 and #2 | ||
1. At 1:20, 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 1:20 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 1:20 would invoke a grace period through 1:30 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 1:30 after invoking the grace period would trigger “noN-bias,” with no bias influence.
Livestox today!
Did last week’s dive prevent new market highs? Did that dip start the next downleg? Is Gold or Crude Oil bottoming? Those questions will be addressed, in addition to January Effect and cannabis sector updates. You can request stock chart reviews, too!
Join us by 12:15pm ET…
Post-open Review… Holding up, but holding out.
Gap up maintained, but not necessarily extending.
The opening print was shared by the 2043.00 bias-up target. The opening 15 minutes of volatility ranged faithfully around 2043.00. Congestion there makes trending away difficult, at least the first time. Probing up to 2047.25 has been retraced back down to 2043.00.
Halfway to two-thirds through the opening 15 minutes of volatility didn’t retrace or reject the gap up. Dipping any later would likely recover, probably from 2038.00. No relevant level’s test during the opening 15 minutes of volatility wasn’t maintained, so trending up remains possible.
There’s no requirement to extend higher. But the path of least resistance remains up. Extending higher would next target 2048.00, with potential to 2053.00 and 2058.00-2060.00.