Posts by Rod David
Livestox Recording Oct 5, 2015
Monday’s post-close 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… NOTE: Next week’s post-close Livestox will be Tuesday.
SPX
SRNA / TRTC — The former is taking a long time to resolve a similar pattern, which is why the latter is targeting new lows
LXRP — above .19 would be bullish so long as .15 were held as support
CANN — above 1.20 would target 2.27 so long as 1.08 were held as support
MSRT — trigger is above 1.05
TAUG — trigger is above .006
CARA — above 14.25 has potential for a corrective bounce targeting 17.75
INSY — so long as basing holds here at 25.65-28.90, back above 30.50 would target 39.25
GWPH — Chance for a bounce to 105
AAPL — trading mid-range, not indicating which direction it will resolve first
GPRO — probing under 34 support, back above 36.40 would suggest the pullback had ended
TSLA — under 221 is bearish
GOOGL — retesting 671 resistance with no requirement to break higher
AMZN — unfinished business above remains outstanding at 579
RIG / CLF — updating comments from last week that the patterns are bullish
TWTR –my most timely pick, having held multiple tests and attacks on 24 while volume improves
NFLX — needs 2nd consecutive higher close Tue to avoid being a false breakout
TPIV — request
TACT — request
GILD — big band of support down to 88-94 but above 108 would target new highs
MRO — targeting 22.25 so long as 16.50 support holds
Morning Bias
| TUE morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 1991.00 | 1981.00 |
| …would target | 1997.25 | 1987.25 |
| Bias-down: under | 1982.00 | 1972.00 |
| …would target | 1974.00 | 1964.00 |
| Signal status: NO-BIAS, TESTED BIAS-UP SIGNAL | 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.
Post-market Wrap (recording & summary)
So, Friday’s recovery was not an anomaly. It was extended Sunday night and throughout Monday. It’s also not a novelty, since it didn’t launch from trend lows but from a pullback. Vulnerability to a corrective pullback increases when buyers don’t gain traction for their efforts, as with Monday afternoon. Gapping up would signal instead that the rally had attracted new sponsorship without need of a correction.
Assuming no gap down, the rally has now retraced into the orbit of last month’s FOMC announcement. Overbought RSIs at its 2011.75 high are an attraction. A pullback first could be triggered under 1972.00 and have room down to 1956.00. So long as 1960.00 holds through the close, the trend remains up.
Details and other markets coverage are discussed in the post-market Wrap recording here:
https://roddavid10.mitel-nhwc.com/join/kfykxhh
This evening, monitor overnight Globex trading in the chaRTroom at:
XP-Friendly || non-xp ilinc
Pre-close View… No traction.
That doesn’t dismiss fresh highs.
This afternoon’s 1968.75 bias-up signal triggered and its 1974.50 bias-up target was met. It was exceeded upon exiting the bias environment on the way up to 1979.25.
Choppiness there has fluctuated down to 1975.00. I’m suspicious of it being able to reverse the trend down. Any lower will have earned a deeper pullback to at least test 1969.00.
The rally may yet resume back above 1978.00. Meanwhile, a deeper slide to 1969.00 is possible.
Today’s Livestox: Reminder, and a change
4:30pm ET — CLICK HERE
Today’s weekly post-close Livestox is today. It is being held on the Anymeeting platform, so you may access it from any device easily.
NOTE THE TIME CHANGE: WE’LL BEGIN AT 4:30pm ET