Saturday Review

Friday’s new trend high close requires another eventual new trend high close. Not necessarily the next session, all but ensuring an immediate reversal down will be only a temporary pullback that is recovered entirely. The bearish WedEX suggests a reversal down will begin immediately, leaving the question of how deep. Ignoring the bearish WedEX to rally immediately could be very productive before the next reversal down.

Setups and levels for each template are discussed during this week’s Saturday Review.

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The following stock requests were reviewed in this order:
BA, JD, CSCO, JPM, BAC, MSFT, AAPL, MU, C

transcript

—————– (03/16/2019 09:31) —————–
Rod David: -=-=-=-

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

Bill G: gm

David B: Good Morning

Mark G: gm
—————– (03/16/2019 09:52) —————–
David B: until we see a change to underperfomance of the nasdaq the trend is higher?

Mark G: expecting FOMC to be very influential next week or not necessarily doing anything that may change the trend?

David B: so this past week has been stronger hands behind this move?
—————– (03/16/2019 10:00) —————–
David B: Usually stronger hands are already positioned so friday is not usually a day for them to be buyers?
—————– (03/16/2019 10:03) —————–
David B: can you have a bond market rally and a stock rally doesn’t ones position have to be wrong or can they be both right?

ljr iPhone: stocks: JD, CSCO, MSFT, AAPL
—————– (03/16/2019 10:06) —————–
ljr iPhone: MU
—————– (03/16/2019 10:09) —————–
David B: JPM,BAC

ljr iPhone: re: bitcoin futures to be cancelled on an a change

ljr iPhone: exchange
—————– (03/16/2019 10:10) —————–
ljr iPhone: CBOE cancelled.
—————– (03/16/2019 10:14) —————–
ljr iPhone: MU earnings wed
—————– (03/16/2019 10:17) —————–
ljr iPhone: no

ljr iPhone: only earnings play is MU
—————– (03/16/2019 10:25) —————–
Mark G: C
—————– (03/16/2019 10:39) —————–
Mark G: thx much

Bill G: thanks

David B: Thanks

ljr iPhone: thx

This week’s dip is being considered a pullback, albeit still having at least one lower objective before completing. It’s possible the pullback ended with Friday afternoon’s rally, just not likely. It’s also possible that the pullback extends far below its remaining lower objective. Specific levels and paths for each of these possibilities are described during this week’s Saturday Review.

 CLICK HERE TO WATCH
[follow-up containing extra stock requests*]

The following stock requests were reviewed in this order:
FDC, CVS, AAPL, WDC, GE, [*ADBE, DKS, MDB, ULTA, LOW]

transcript

—————– (03/09/2019 09:32) —————–
Rod David: -=-=-=-

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

Adam: Seems the last few friday afternoons have trended up sharply into the close
—————– (03/09/2019 10:01) —————–
Mark G: do you think rally from 2720 is still the likeliest or 50/50?
—————– (03/09/2019 10:06) —————–
Adam: The new gold bars are very helpful to see if Biases are touched- can you comment on how we can best make use of it intraday?
—————– (03/09/2019 10:12) —————–
Mark G: FDC

jp: CVS

Adam: AAPL
—————– (03/09/2019 10:17) —————–
jp: LAST WEEK
—————– (03/09/2019 10:22) —————–
David B: WDC,GE
—————– (03/09/2019 10:26) —————–
Adam: all good- just as a long term play.

David B: WDC what level would indicate the rally resuming?
—————– (03/09/2019 10:31) —————–
Bill G: Have you done any research that there is often a low the Thurs or Fri the wk before an option exp wk and rallies into exp?
—————– (03/09/2019 10:34) —————–
Mark G: thx much

Bill G: I heard the idea before but never really checked it out

David B: Thanks

Adam: thanks

jp: thank you

Bill G: Thanks

The week ended back up where it had begun. And it began by gapping up to new recovery highs. But that gap up had created an anchor to ensure its recovery. That “unfinished business” above is now neutralized, and the week did not trend up. The rally can extend, but it needs a new signal. Meanwhile, it remains vulnerable to launching a deeper retracement. We discuss the parameters for recognizing either during this week’s Saturday Review.

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
CVS, NTNX, WDC, QCOM

transcript

—————– (03/02/2019 09:12) —————–
Rod David: -=-=-=-
—————– (03/02/2019 09:32) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

Adam: Hi
—————– (03/02/2019 09:49) —————–
David B: Is there more of a chance that we break thru higher because of strong handed buyers on friday?

David B: i did not

Mark G: but the highest close on Fri requires at least one more higher close

Mark G: no link today
—————– (03/02/2019 09:56) —————–
Mark G: already answered

David B: do you believe this rally has been more of news of the fed and china and will be retraced?

Mark G: got resent
—————– (03/02/2019 10:04) —————–
David B: typically V bottoms are not durable and should be retraced?
—————– (03/02/2019 10:06) —————–
David B: what close would tell us we are headed to test the highs?
—————– (03/02/2019 10:09) —————–
Mark G: can get through 2860 perhaps temporarily by a positive China trade resolution
—————– (03/02/2019 10:10) —————–
Mark G: yes

Mark G: for sure a sell

David B: what close below would start to indicate were are starting to retrace part of this rally?

Mark G: trend change signal?
—————– (03/02/2019 10:15) —————–
jp: CVS,NTNX

David B: WDC,QCOM
—————– (03/02/2019 10:18) —————–
jp: if it should hold long term support back to 20132
—————– (03/02/2019 10:20) —————–
jp: yes 2013
—————– (03/02/2019 10:22) —————–
jp: is it recoverable
—————– (03/02/2019 10:25) —————–
jp: ty
—————– (03/02/2019 10:26) —————–
David B: has a low been put in for WDC?
—————– (03/02/2019 10:32) —————–
David B: Thanks
—————– (03/02/2019 10:34) —————–
Bill G: Thanks