Saturday Review

Thursday morning’s plunge had potential to launch the next major downleg. Then it was recovered. Entirely, that day. Friday extended the recovery, quite a bit, only to end at significant resistance. So, is an even bigger recovery underway, further delaying the next major downleg? Or, is the delay pretty much done?

This weekend’s Saturday Review specifies price action that would identify either resolution, and disqualify the other… You might also be interested in the 11-minute discussion of the “2-Point Strategy” that some subscribers use, either instead of or in addition to stalking larger intraday moves (starting at the recording’s 26:00 minute mark).

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
CRM, UA, IAC, WIX, MTCH, ROKU, DIS, BKNG, SQ, NVDA

transcript

Rod David: Welcome to Saturday Review… Please post questions and comments as they occur to you.

Mark Glezer: gm
—————– (05/05/2018 09:31) —————–
Bill G: gm

David B: Good Morning

jp: gm
—————– (05/05/2018 09:53) —————–
ljr ipad: after stocks, can we quickly look at entry/exit strategies. I heard you mention a 2pt exit strategy on your signals earlier in the week (in and out quick) may be useful for me as I can’t be around the market all day. (Mainly first 90 min)
—————– (05/05/2018 10:02) —————–
David B: CRM,UA
—————– (05/05/2018 10:03) —————–
ljr ipad: couple pets from the 3 min high?

ljr ipad: points
—————– (05/05/2018 10:08) —————–
ljr ipad: very helpful
—————– (05/05/2018 10:11) —————–
ljr ipad: IAC, WIX
—————– (05/05/2018 10:12) —————–
ljr ipad: MTCH (earnings)
—————– (05/05/2018 10:14) —————–
ljr ipad: ROKU, DIS, BKNG

ljr ipad: (all earnings related)
—————– (05/05/2018 10:30) —————–
Mark Glezer: SQ about 4-5 months back we discussed 73 potential target. Is it no longer contemplated based on its performance? Just missed on earnings
—————– (05/05/2018 10:42) —————–
ljr ipad: last one: NVDA earnings thurs
—————– (05/05/2018 10:45) —————–
ljr ipad: thx for today. looking forward to new site content. also, can we have the embedded links in the blog posts colour changed back to blue. black doesn’t identify a link well.
—————– (05/05/2018 10:46) —————–
ljr ipad: thx

Mark Glezer: thx much

Bill G: thx

ljr ipad: bye

David B: Thanks

This week was interesting. Price action defines it as dipping sharply and recovering it all, while testing and holding a corrective bounce limit. Surrounding the action was the usual headlines, which has come to include a constantly falling Dollar, and also the first week of the quarterly earnings onslaught, which Barron’s says 80% of reporting companies beat estimates.

There was also a degree of anticipation for the coming week. Exemptions on some trade tariffs is expiring, the FOMC meets after last week’s ECB and BOJ meetings, ending in Friday’s Employment Situation report. And week-two of the quarterly earnings onslaught.

Where will price and price action be when greeted by the FOMC and payrolls catalysts? Will the corrective bounce limit hold, or extend? What are the price behaviors and levels that will be predictive of either? We address these topics and more in this weekend’s Saturday Review…

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
TSM, NVDA, QCOM, INTC, AMD, AMZN, SHOP, MCD, SQ, BABA, FEYE, TSLA, CMG, WDC, OLED, GE

transcript
—————– (04/28/2018 09:32) —————–
Rod David: -=-=-=-

David B: Good Morning

Bill G: gm

Rod David: Welcome to Saturday Review
—————– (04/28/2018 09:59) —————–
David B: AMZN,AMD

ljr ipad: SHOP, MCD
—————– (04/28/2018 10:01) —————–
ljr ipad: SQ, BABA
—————– (04/28/2018 10:02) —————–
ljr ipad: FEYE, TSLA(pos of weakness or strength)

ljr ipad: no position no in any.thx
—————– (04/28/2018 10:05) —————–
ljr ipad: I’ll watch recording. thx
—————– (04/28/2018 10:15) —————–
David B: CMG,WDC
—————– (04/28/2018 10:36) —————–
ljr ipad: one more plz; OLED
—————– (04/28/2018 10:42) —————–
ljr ipad: earnings this week

ljr ipad: short?
—————– (04/28/2018 10:44) —————–
ljr ipad: thx for all.
—————– (04/28/2018 10:47) —————–
David B: Thanks

Bill G: thx

Not all patterns are binary, with an either-or resolution. Most will continue ranging or consolidation if a breakout opportunity isn’t exploited. This is not one of those patterns. Recent ranging has had an ascending quality to its support, if not also flat resistance to form a sort of Ascending Triangle. Buying has gotten compressed, so that its breakout is likely to aggressive, almost literally exploding or imploding as the case may be. The paths and consequences to each resolution is detailed during this weekend’s Saturday Review..

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
TSLA, NFLX, BAC, XLE, GE, AMD

transcript
Rod David: Welcome to this weekend’s Saturday Review. Please post questions and comments as they occur to you.
(04/14/2018 09:32)
Bill G: gm

David B: Good Morning
(04/14/2018 10:04)
David B: i can hear

Bill G: now, but not before

David B: on and off

David B: 2 min

Bill G: 2min
(04/14/2018 10:07)
David B: NFLX,BAC
(04/14/2018 10:14)
Bill G: XLE

David B: GE,AMD
(04/14/2018 10:30)
David B: expiration

David B: how do you see it having an effect
(04/14/2018 10:32)
Bill G: Thanks

David B: thanks