Posts by Rod David
Livestox, Jul 31 2015…Picky.
Livestox covered a lot of stocks, many of which have very actionable parameters either being tested currently, or worth monitoring. Those have asterisks below, but every stock we discussed has something relevant about it.
OGRMF
*NLNK
RAD
HEMP
*MCIG
*SRNA
TRTC
VAPE
*GWPH
INSY
CARA
NFLX
AMZN
BIIB
FB
TWTR
GOOGL
*AAPL
*SCTY
BABA
FEYE
*GLD
*OIL
SPX
Look ahead: Economic Calendar – for Mon Aug 3 2015
A midday look ahead in preparation for economic reports and events scheduled for the next trading day.
Highlights: Two of Monday”s post-open reports have some track record of influencing price action, ISM more so than PMI. Personal Income and Outlays might have an unusual influence following Friday”s Employment Cost Index”s surprising weakness.
Jerome Powell Speaks
*Personal Income and Outlays
8:30 AM ET
Gallup US Consumer Spending Measure
8:30 AM ET
*PMI Manufacturing Index
9:45 AM ET
*ISM Mfg Index
10:00 AM ET
Construction Spending
10:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
Hanging in there.
Firming back toward the open”s gap.
There”s some degree of pessimism in having recovered so close to the 2108.25 opening print — 2-6 ticks — and the no-bias environment having lapsed, but still hovering just under that natural resistance.
There”s also some degree of optimism for having recovered back to this morning”s 2105.50 bias-up signal without yet fulfilling its offsetting test of the 2098.00 bias-down signal.
The bias-down signal was already attacked to within 3 ticks. But that was before putting its test into play at 10:15. It is still “unfinished business below,” but not capable of preventing further recovery. Especially not on a Friday.
It”s already difficult to trend on Fridays if the open isn”t, let alone the entire morning. A probe of fresh highs can”t be discounted before resolving down to 2098.00, if at all.
Afternoon bias
| FRI afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 2114.75 | 2108.00 |
| …would target | 2119.75 | 2113.00 |
| Bias-down: under | 2106.00 | 2099.25 |
| …would target | 2100.00 | 2093.25 |
| Signal status: NO-BIAS | 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 starts at 12:30pm ET
Livestox starts at 12:30pm ET at
https://roddavid10.mitel-nhwc.com/join/pcxsrhm
[Note the start time is 12:30.]
Gold may be making a bottom, Crude Oil may be extending down, Bonds may be avoiding a top, and stocks have returned to within spittin” distance of new highs. See you soon…