Bigger Picture
9:30am ET Saturday: Live, One-time Free Attendance… Click for details
This morning”s Saturday Review begins at 9:30am ET.
We”ll cover the broader market — reviewing some of last week”s more interesting S&P 500 index setups, tracing out the potential paths higher or lower — and then do instant analysis of members” stock chart requests. We”ll also update the bottoming pattern that Crude Oil has been tracking.
Enter up to a half-hour before the 9:30 ET start time.
https://roddavid10.mitel-nhwc.com/join/shkphyy
About Rod David”s Futures Market Timing service:
I teach my proprietary intraday “timing windows” and behavioral setups that help to predict how a pattern will resolve. A pattern”s measurements and technicals can tell us the specific prices where those resolutions will begin and end… and how.
A constant flow of intraday buy and sell signals targeting multi-point moves offer opportunities for brief S&P 500 index trades throughout the day, and for trading only a portion of the day. Usually flat by the close. Other complexes covered include Energies, Precious Metals, Currencies, and Interest Rates.
Click here for the overview page // and here for member reviews.
Signals and pullback/add levels below…
THU JAN 29 2015
FRI JAN 30 2015
Good morning! Benzinga.com has been
Good morning!
Benzinga.com has been reaching out lately to mavens to comment on stocks about to release earnings. Yesterday”s request was for BABA, which reported yesterday and is indicated to gap down this morning. My comments are below. Today”s request is for GOOGL and AMZN, also below. That”s all they get, they”re not a subscriber. But you are, so ask away…
The decline from November”s peak has extended into January. It is a classic downtrend, defined as a series of alternating lower lows and lower highs. Earnings are no being greeted from a position of strength.
// Meanwhile, January”s price action has formed an “inverted Head &Shoulders.” The pattern often reverses the trend, but only temporarily. Measurements of this pattern indicate that an initially favorable knee-jerk reaction up to the 108 area would be vulnerable to reversing back down. Maybe earnings impress enough for the blip-up, before attention turns to recent news of China”s government meddling in BABA”s operations.
// Not all Head &Shoulders patterns reverse the trend, not even temporarily. Extending down first should test 92.50. Still holding 92.50 through the first hour would likely react up to 97 or 100 before the downtrend resumes.
AMZN — Last week”s bounce peaked just shy of reversing momentum back up, but it might have created a buffer to help absorb a negative knee-jerk reaction down. The 55-point drop since November rallied 30 points last week until testing the drop”s last relative high around 315. Recovering it before earnings would have greeted the news from a position of strength. At least holding above 302 since then has avoided reversing momentum back down, but an initially favorable reaction must exceed 320 to actually reverse the trend back up. Greeting the news from under 302 or 296 could easily resume the last downleg which would next target 263.
GOOGL — The 79-point drop from November bounced back 55 points into last week”s high. Its prior high was tested, but held. The 40-point reaction down since then may be only defensive posturing, constructive pessimism which is potentially bullish from a contrarian perspective. But greeting earnings from under 502 would be vulnerable to reacting down sharply.
Good morning! The more things
Good morning!
The more things change… Despite rallying sharply overnight, this morning”s sell-off finds yesterday”s lows playing defense again. If this isn”t resolved up soon, then this afternoon”s FOMC policy statement will be greeted from a position of weakness. That could be devastating, being this close to the lows that have been thoroughly tested already. Reacting favorably could instead end this pullback and replace it with a substantial upleg.
Livestox, January 27 2015
We covered the following stocks in the following order during Tuesday”s Livestox. Also, the accompanying chat screen conversation is copied & pasted below…
TAUG
HEMP
MINE
Gold
Crude Oil
NE
WLT
CPG
SING
CLF
MSFT
AAPL
NTCXF
ATTBF
FITX
MCIG
GWPH
EAPH
CANV
ERBB
VAPE
AGU
Jo B:set to go
Donna Spencer:I am not normally availabel for live . Shodul i hear or see anything at this point?
Jo B:donna, if u click ”audio settings” to the right, u can check ur sound
Donna Spencer:thank you
Jo B:np
gua nito:hihi
Donna Spencer:I”m good
Jo B:yes. got it
gua nito:no audio
Donna Spencer:i can hear
Samuel Batista:yep
Jo B:i hear it”
casjf casjf:SPX – why so much difference in volume?
Samuel Batista:g2g
rod david:reboot
gua nito:got it
Jo B:arent” lots of people shorting the S&P?
Jo B:welcome back GUAn
gua nito:+
Samuel Batista:my request is CANV
Jo B:good buy in price for HEMP for a quick swing trade
Jo B:Rod isn”t there a gap in MINE at around .005
casjf casjf:ERBB & VAPE — need to get thru 20/50 DMA?
Samuel Batista:NTCXF, when will it be safe to get long?
tamara messmann:SING
Jo B:ok ty
tamara messmann:thanks Rod
tamara messmann:AGU- what are the relavent levels? I am long
tamara messmann:AGU- what would be a good stop?
Jo B:i missed what he just said about MINE. can anyone recap briefly?
gua nito:Tku!
Jo B:ty”
Jo B:so guanito. we buying more MINE or what!! lol
Jo B:Cliff”s is no longer paying a divi
gua nito:I”m long @.0094. Don”t want to hold it below .0085 really. Rod says .0076 is the signal but I don”t care.
gua nito:I haven”t been holding small positions.
Jo B:rod, was it u that said a ”v” pattern returns to that middle point/
Jo B:yes ty
Jo B:that would mean sell wouldn”t it?
tamara messmann:thanks Rod
Jo B:thanks Rod. looking forward to your buy/sell calls
casjf casjf:Thanks, Rod!
gua nito:Tku!
I see a lot of
I see a lot of chart analysis requests for today”s Livestox, which we”ll begin at 12:15pm ET — Keep adding time-sensitive requests to the previous thread, there”s plenty of time…
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http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/