Saturday Review

SPECIAL NOTE: I didn’t mention the CME’s planned introduction this week of “Micro-minis” (MES) having one-tenth the notional value of the E-mini (ES). I’ll continue charting and discussing the ES, because patterns and strategies should be identical.

I did discuss this week’s most interesting feature, which developed among consecutive timing window trending attempts. Not that trending hasn’t been attempted by consecutive timing windows, but they have been intraday. This week saw two instances of those timing windows overlapping two sessions, which reflects a greater persistence by its sponsorship. So, it’s also interesting to note those attempts trended down.

Another interesting feature this week was the wider ranging. None of which is a sell signal, especially since those attempts were recovered and “unfinished business” remains outstanding above. But known catalysts are all but gone, so something big must appear on the horizon to prevent or protect against another deeper reversal down.

We review that and more during this weekend’s Saturday Review.

CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
DB, EA, PZZA, CS, DIS, ROKU, TTD, BKNG, ETSY, JD, MAR, GOOGL, AAPL

transcript

—————– (05/04/2019 09:31) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

jp 2: gm

Mark G: gm

Bill G: gm

lloyd: gm. hi rod. still seeing an issue with the past 2 sat review recordings on iOS with the puffin browser. it wont play the sat review, but it does play morning/close recordings…strange. i will update to latest ios this weekend to see if it fixes it.

lloyd: and let you know.

lloyd: yes. works on morning/afternoon recordings

lloyd: link might be slightly different… i se crf_token in the weekend url.

lloyd: thx.
—————– (05/04/2019 09:47) —————–
lloyd: can you have a blog section of “open” unifinished business levels?
—————– (05/04/2019 09:50) —————–
lloyd: sounds good.
—————– (05/04/2019 10:02) —————–
Mark G: DB

lloyd: stocks: EA, PZZA (both earnings tues after close)DIS, ROKU (wed earnings)TTD, BKNG, ETSY (thurs earnings)JD,MAR (fri earnings)

Mark G: CS
—————– (05/04/2019 10:05) —————–
Mark G: complex triangle?

Bill G: complex triangle
—————– (05/04/2019 10:13) —————–
Mark G: any timeframe expectation to get extend to 69 on EA?
—————– (05/04/2019 10:23) —————–
Mark G: did you say ADR?
—————– (05/04/2019 10:26) —————–
Mark G: k
—————– (05/04/2019 10:36) —————–
lloyd: thurs

Mark G: EA in a position of weakness prior to Tue earnings or maybe too early to call?

lloyd: TTD: any good pullback entry if it drops?

lloyd: looking to be a pullback buyer
—————– (05/04/2019 10:38) —————–
Mark G: no was just asswering your pattern Q
—————– (05/04/2019 10:46) —————–
lloyd: quick review of GOOGL and AAPL post earnings

Mark G: EA in a position of weakness prior to Tue earnings or maybe too early to call?
—————– (05/04/2019 11:02) —————–
lloyd: thanks for the stocks today!

Mark G: thx much

Bill G: thanks

lloyd: i liked he post earnings review too!

Rod David: ;

Rod David: ;)

The week got off to a slow start, albeit absorbing a gap down coming out of the weekend. Tuesday morning’s rally was also the week’s rally, representing its only uptrend. Everything that followed was hesitation, backing-and-filling, and retracing. Until one hour before Friday’s close, which rallied again.

This week’s Review discusses how we knew from Tuesday’s surge and then from subsequent price action that fresh highs were still coming. We also discuss how that subsequent price action already defines any further probe of fresh highs, and what Friday’s new trend high close means, and doesn’t mean.

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
AMZN, GOOGL, GE, TSLA, XLNX, BIIB

transcript

—————– (04/27/2019 09:32) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

David B: Good Morning
—————– (04/27/2019 09:57) —————–
Adam: Is the distribution from a few weeks ago still relevant for a bigger picture top forming?
—————– (04/27/2019 10:00) —————–
David B: was that distribution pattern since the market has rallied were those strong hands wrong?
—————– (04/27/2019 10:11) —————–
David B: GOOGL,GE
—————– (04/27/2019 10:16) —————–
David B: TSLA

David B: was 250 a key level broken in resuming the downtrend?
—————– (04/27/2019 10:23) —————–
David B: XLNK

David B: is this similiar like biogen
—————– (04/27/2019 10:32) —————–
David B: yes
—————– (04/27/2019 10:33) —————–
David B: its was the right stock

David B: do you see a melt up?

David B: for the market

David B: good employment report?
—————– (04/27/2019 10:35) —————–
David B: that is what i’m talking about multiple sessions
—————– (04/27/2019 10:37) —————–
David B: Thanks

Bill G: thanks