Posts by Rod David
Morning bias
| MON morning signal (triggered at 10:15 ET) | SPX | ES |
| Bias-up: above | 2112.50 | 2104.50 |
| …would target | 2118.25 | 2110.25 |
| Bias-down: under | 2104.00 | 2094.00 |
| …would target | 2096.75 | 2088.75 |
| Signal status: BIAS-UP | 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.
Saturday Review’s recording (for 3/21/15)
This weekend”s bigger picture discussion plotted out the exact path higher, how to know almost instantly Monday morning whether the market is still on it — and how to know that it is not. As important, we also described the confirming character of either move, and their consequences.
Click here for its recording, and scroll down for its accompanying chat among members. My thanks to all who attended, and to those that asked questions and offered comments…
David B:Good Morning
Mark :gm
sunni a:gm
Mark :FWIW BTV mentioned yesterday 2600 target for ES this year
sunni a:2060 fomc level @2pm which it should revisit?
Mark :2061.50
David B:was the actively bullishish indicator on wed closed invalidated so shouldn”t the bias be up for monday morning?
Mark :is retracing FOMC reaction down to 2061.50 still a likelihood by Wed?
sunni a:if so….38.25 point down from here….good short position?
David B:is it also because of the no bias trending?
David B:does that also apply to other signals like a confirmation of two higher closes like no bias trending?
David B:ok
Mark :can this still break higher?
David B:china PMI and greece news could change all of this or you think these are non events?
Mark :durably
Mark :does this formation below looks like inverse H&S – head b/w 13-15th?
Mark :gapping down under Fri low would not form an island, right?
Bill G:I think your 3/11 low is Mar but your 3/13 low is Jun
David B:they took about the death cross when the 50 day crosses the 200 day. in your work if you looked at this pattern would you also say its was a bearish pattern for a stock or index?
David B:in your work would they confirm?
Bill G:SentimenTrader found them unreliable
Mark :TSLA
David B:BBRY
Mark :IBB
charlie :gm, jpm
Mark :qbove 220
Mark :if not targetting 130-140?
Bill G:For clarity, my comment on SentimenTrader was on the death cross. being unreliable. I”m not sure of his position on moving averages in general.
David B:FINL,NKE
David B:earnings on fri for BBRY
charlie :tksjpm
charlie :tks
This week”s Saturday Review begins
This week”s Saturday Review begins at 9:30am ET. We”ll look at the stock market”s bigger picture, and then look at stock charts per your request. See you soon!
https://roddavid10.mitel-nhwc.com/join/shkphyy
The Universe, week of March 23 2015
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 ||
As the percentage of Marijuana stocks above their rolling 4-week uptrends continues to deteriorate, I notice beneath the surface an unusual number of issues testing their support. Having tested their supports. Hovering just above their support. In any case, precariously positioned at or near their supports.
Be careful.
Meanwhile, I”ve compiled lists of currently not-covered issues. I”ve made a cursory decision with each which to add coverage, or not. Please weigh in if you want to be sure one of these in the list is added to our Universe. Thanks!
List #1
AWGI, FTST, GTWO, IFNY, IIJP, PKPH
List #2
CAFS, DIDG, DVAP, FWDJ, RIGH
| Marijuana Stock Universe for March 23 2015 | |||
| Reference this table during stock reactions | |||
| 4-week | # up: | 12 | 11.01% |
| trends* | # flat: | 23 | 21.10% |
| # down: | 74 | 67.89% | |
| *The percentages of stocks rising or falling over 4 weeks. | |||
| symbol | support | resistance | 4-week trend |
| ACAN | 0.050 | 1.260 | down |
| ACGX | 0.000 | 0.003 | flat |
| AERO | 2.310 | 4.030 | down |
| AGTK | 0.015 | 0.103 | down |
| AMMJ | 0.360 | 0.570 | down |
| ARNA | 4.450 | 5.300 | up |
| ATTBF | 0.093 | 0.175 | flat |
| AVTC | 1.050 | 1.480 | down |
| AXXU | 0.066 | 0.377 | down |
| BLOZF | 0.280 | 0.570 | up |
| BLPG | 0.120 | 0.370 | down |
| BNRDF | 0.605 | 0.795 | flat |
| BRDT | 0.032 | 0.094 | down |
| BTFL (cank) | 0.071 | 0.232 | down |
| CANL | 1.050 | 1.570 | flat |
| CANN | 1.690 | 4.600 | down |
| CANV | 2.380 | 3.470 | flat |
| CARA | 8.880 | 11.050 | up |
| CBCA | n/a | n/a | down |
| CBDS | 5.100 | 8.150 | down |
| CBGI | 0.002 | 0.015 | down |
| CBIS | 0.045 | 0.065 | down |
| CGRW (bzcn) | 0.360 | 0.750 | down |
| CHUM | n/a | n/a | down |
| CNAB | 0.770 | 1.420 | down |
| DEWM | 0.001 | 0.004 | down |
| DIGP | 0.025 | 0.100 | down |
| DSCR | 0.000 | 0.025 | down |
| EAPH | 0.013 | 0.028 | flat |
| EDXC | 0.019 | 0.047 | down |
| ENDO | 0.014 | 0.031 | down |
| ENRT | 0.048 | 0.100 | flat |
| ERBB | 0.009 | 0.013 | down |
| ETST | n/a | n/a | down |
| EXMT | 0.000 | 0.004 | down |
| FITX | 0.005 | 0.012 | down |
| FOFU | 0.025 | 0.066 | up |
| FRTD | 0.000 | 0.008 | flat |
| FSPM | 0.000 | 0.250 | down |
| FULL | 3.550 | 4.140 | down |
| FWDG | 0.000 | 0.006 | down |
| GBLX | 0.126 | 0.338 | down |
| GRCU | 0.003 | 0.008 | flat |
| GRNH | 0.090 | 0.174 | down |
| GWPH | 89.900 | 105.050 | up |
| HEMP | 0.025 | 0.035 | down |
| ICBU | 0.002 0.007 0.011 | down | |
| IGPK | n/a | n/a | down |
| IGRW | 0.000 | 0.002 | down |
| IMLFF | 0.236 | 0.320 | up |
| INCC | 0.001 | 0.007 | flat |
| INSY | 58.500 | 65.200 | up |
| ITNS | 0.006 | 0.011 | down |
| LATF | 0.001 | 0.003 | down |
| LXRP | 0.060 | 0.129 | flat |
| MCIG | 0.09 | 0.177 | down |
| MCPI | n/a | n/a | flat |
| MDBX | 0.950 | 2.270 | down |
| MDCN | 0.000 | 0.168 | down |
| MDRM | 0.016 | 0.038 | down |
| MINE | 0.005 | 0.009 | down |
| MJMD | 0.000 | 0.015 | down |
| MJMJ | 0.020 | 0.499 | down |
| MJNA | 0.099 | 0.160 | down |
| MJNE | n/a | n/a | down |
| MNTR | 0.810 | 1.550 | flat |
| MYEC | 0.012 | 0.027 | down |
| MYHI | 0.070 | 0.330 | down |
| NDEV | 0.113 | 0.260 | down |
| NRTI | 0.005 | 0.019 | flat |
| NTRR | 0.045 | 0.110 | flat |
| OGRMF | 0.304 | 0.615 | down |
| OSLH | 0.002 | 0.009 | down |
| OWCP | n/a | n/a | n/a |
| OXIS | 0.039 | 0.063 | up |
| PAUFF | n/a | n/a | down |
| PHOT | 0.019 | 0.065 | down |
| PKPH | n/a | n/a | flat |
| PLPL | 0.220 | 0.315 | down |
| PMCB (nvlx) | 0.098 | 0.188 | down |
| PNTV | n/a | n/a | flat |
| PZOO | 0.005 | 0.020 | down |
| QEDN | 0.001 | 0.007 | down |
| REDG | 0.000 | 0.003 | up |
| RFMK | 0.000 | 0.002 | down |
| RSSFF | 0.069 | 0.266 | flat |
| SING | 0.008 | 0.017 | down |
| SKTO | 0.000 | 0.004 | down |
| SPRWF | 0.198 | 0.283 | down |
| SRNA | 0.150 | 0.350 | down |
| STEV | 0.071 | 0.100 | flat |
| TAUG | 0.008 | 0.014 | flat |
| THCZ | 0.062 | 0.080 | up |
| TRTC | 0.165 | 0.232 | down |
| TURV | 0.410 | 0.775 | down |
| TWMJF | 1.420 | 1.860 | flat |
| UPOT | 0.150 | 0.550 | down |
| USEI | 0.000 | 0.003 | flat |
| UTRM | 0.000 | 0.000 | down |
| VAPE | 0.490 | 0.930 | down |
| VAPR | 0.030 | 0.090 | flat |
| VGPR | 0.000 | 0.002 | down |
| VHUB | 0.019 | 0.040 | down |
| VPCO | 0.820 | 1.290 | down |
| VPOR | 0.002 | 0.038 | down |
| VRCI | 0.000 | 0.009 | down |
| WDHR (anyi) | 0.000 | 0.002 | down |
| WOGI (cybk) | 0.004 | 0.009 | up |
| XTRM | 0.003 | 0.007 | up |
| XXII | 0.710 | 1.160 | down |
| ZDPY | n/a | n/a | n/a |
After trending up through the
After trending up through the day previously, warning bells sounded when not also probing another fresh high during the afternoon bias environment. The result was to drop back under Wednesday”s prior high, which had stopped 1 tick short of piercing 2100 to put into play new highs. Thursday had failed to immediately probe above 2100 which also would have put into play new highs. So, not closing above 2100 Friday after actually probing it intraday is starting to send a message. If not for these obnoxious warning bells, maybe we could hear it. No matter how bearish the message, probing new highs can”t yet be discounted. But holding them, let alone extending, can”t be discounted either.
https://roddavid10.mitel-nhwc.com/join/wzctpjy
That”s the recording to Friday”s post-market Wrap. I”ll send another reminder and link to the Saturday Review, which starts at 9:30am ET.