Posts by Rod David
Livestox, February 4 2015
I wanted to get an jump on Wednesday”s Livestox, so we did an early one. Thankfully. The host network began having issues at the end, and they tell me their service will be spotty today.
Anyway, we”ll do a noon session Thursday. Meanwhile, keep posting requests (now to this thread). The last thread”s requests were addressed in the video, in the following order.
And as always, watch regardless of your interest in the particular names. Reviews are designed to offer charting and technical insights…
TRTC
GWPH
ATTBF
FITX
Crude Oil
CEO
DO
UWTI
CARA
INSY
GPRO
OAS
ECA
BLTA
AMBA
Afternoon bias
| WED afternoon signal (triggered at 1:20 ET) | SPX | ES |
| Bias-up: above | 2050.25 | 2044.25 |
| …would target | 2055.75 | 2049.75 |
| Bias-down: under | 2044.25 | 2038.25 |
| …would target | 2037.00 | 2031.00 |
| Signal status: LATE NO-BIAS, TESTED BOTH BIAS SIGNALS | 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.
Post-open review
Getting a quick start, and paying the price.
The overnight drop extended back to yesterday”s 2032.00 last relative low until almost the last possible minute. The reaction up attacked 2043.00.
A couple of relevant points about that: 2032.00 was never touched post-open, so its test didn”t actually hold. That would have been more bullish.
The 2035.25 bias-down signal did recover through 10:15 from its test. Thsi puts into play an offsetting test of the 2046.25 bias-up signal.
The gap back to yesterday”s 2042.00 futures close was filled, and reacted down. It”s attraction is neutralized. The gap back to yesterday”s 2043.50 cash session close remains outstanding.
Expectations for the overnight drop to recover are intact. In fact, an interim dip back under 2035.25 didn”t extend deeper than its first 3 minutes. Proving it weak-handed, an 8-point reaction up is now retesting 2041.00.
Exiting the bias environment under 2033.25 would be bearish. But the recovery attempt otherwise remains intact.
This morning”s LivestoX starts at
This morning”s LivestoX starts at 10:45am ET…. Add your stock requests and other market questions to the thread below this one. Also, please post immediately if you are having any difficulty logging in or hearing the telephone portion of the call.
Login info: (iPads and Tablets use the accompanying teleconference info to get audio.)
https://roddavid10.mitel-nhwc.com/join/pcxsrhm
optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
Meeting ID 976-912-682 #
Other requirements can be found here:
http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/
The overnight pullback has extended
The overnight pullback has extended a little deeper ahead of the open. In fact, it”s testing the 2023.00 preliminary level. The paths higher and lower are reviewed in this morning”s pre-open Market Tour:
https://roddavid10.mitel-nhwc.com/join/ypyvwrj