Bigger Picture

In case you haven”t seen updates of ongoing coverage and initiation of new parameters, here”s a compendium of my most recent comments. Check to see whether you have exposure or interest among any of the following issues:

Rod David — TAUG — retesting 2-week old lows that needed to hold as the maximum pullback before beginning to signal new lows in-play. Posted 23 hours ago —
Rod David — TAUG — We”ve been monitoring the pattern from December”s surge as lacking any confirmation that the trend has actually reversed up. January”s reaction down was a product of the surge”s peak being retested, and of that retest then forming a Double Top. Late-January”s low was already stretching the measurements for being only a corrective dip.
Now the lower close is essentially invalidating that possibility. And if January”s dip wasn”t just a temporary correction before resuming December”s surge, then December”s surge was the correction, and the trend remains down.
That might mean only a shallow retest of December”s low, although reversing back up quickly would not be credible. Alternatively, that might mean resuming the ongoing substantial extended relentless downtrend. Being that the yesterday”s new relative low close is fresh, immediately reversing it back up through today would give the recovery one final reprieve. Posted 7 hours ago —
Rod David — FEYE — Reacting favorably to earnings, gapping up to attack 39. Last week”s gap up wasn”t confirmed by a second consecutive session, making today””s less likely to be confirmed, as well. That”s not necessarily bearish, it”s only relevant to not being able to anticipate a runaway rallly. Posted 5 hours ago — “Edited” —
Rod David — AAPL — The 127 area target is now being fulfilled. I don”t have a higher target that must be tested, but the rally”s momentum remains intact so long as 124.40 holds as support. Posted 5 hours ago — “Edited” —
Rod David — HAL — Above 43.30 would target 47.40 Posted 4 hours ago —
Rod David — RIG — Above 19.80 on volume would target 24. Posted 4 hours ago —
Rod David — TSLA — Substantial resistance at 202, which could be considered a short position”s stop while targeting 170 Posted 4 hours ago —
Rod David — AXP — Gapping down sharply on news, testing the prior low. It”s not a bullish pattern overall, but holding 80.60 as support would maintain an attraction back up to 82.55 Posted 4 hours ago —
Rod David — VDSI — Already confirmed Tuesday”s breakout with a second consecutive higher close on expanding volume yesterday. Closing above 24.75 and 26 would target new highs. Posted 4 hours ago —
Rod David — RIG — Closing under 18.50 would invalidate today”s gap up. Posted 4 hours ago —
Rod David — FITX — The first likely surge target I described Tuesday is now being fulfilled at .0138. Pullbacks need to hold .0125 for optimal confirmation the rally is intact Posted 2 hours ago —
Rod David — TRTC — This may be the long-awaited day that .25-.26 area support finally breaks aggressively. It”s already being probed on volume. A second consecutive lower close would still be needed to confirm, so closing higher tomorrow could be the last opportunity to avoid much lower lows. Posted 2 hours ago —

Wednesday”s Livestox covers the following stocks and markets in the following order. But also important is the opening discussion of managing entries, with two or three ways to limit risk. 

AAPL

ES / S&Ps / market

Greece

Crude Oil / CL

RIG

CLF

BTU

FEYE

TSLA

TWTR

FB

BABA

GPRO

MDBX

FITX

ATTBF

ACT

CRL

FSLR

DO

Today”s noon hour Livestox will begin in 15 minutes at 12:15 ET. The login link is below, and other login instructions are in the previous post made this morning.
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

Good morning!

Greece is the focus of discussions by Eurozone finance ministers, so we may as well cover the market in yellow felt as much as headlines will be hitting it back and forth. Chances for a deal are being downplayed, and Crude Oil is likely to dip until one is done.

Livestox will be held during the noon hour (ET). Login instructions are below. Note that the phone conferencing issues have not repeated in at least two weeks, so please let me know ASAP if you”re experiencing any difficulty with it. Meanwhile, post stock chart requests to this thread.

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/

Good morning!

Friday”s reversal of fortune (trading higher initially, trending down through the afternoon) is teasing at extending down further this morning. We”ll see. Probes of fresh lows are so far all bouncing back up to Friday”s low.

Trending up through the first half-hour should be sufficient evidence that a bigger recovery to new highs is still underway. But if this “risk off” sentiment isn”t reversed, then we”ll stalk dips among high-profile stocks.

Post stock chart requests to this thread, as well as any strategy questions.