Saturday Review
Saturday Review Link
Be sure to join us by 9:30am ET for this weekend’s Saturday Review. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!
Saturday Review’s recording (for 8/6/16) …
It’s a learning session. It’s a forecast. It’s a learning session that’s also a forecast. It’s two Saturday Reviews in one!
This week’s session looks back at several setups that helped to identify how market moves would resolve. Many of those same setups are either repeating, or have further resolution, which then help us to identify how the current situation is likely to resolve… and the consequences to a less likely resolution.
The following stock requests were reviewed in this order:
AMZN, X, XOM, POT, PAAS, BAC, C, CYH, SSYS, GDXJ, IONS, TRTC, VEEV
08/06/2016 09:26:59 Casjf: gm
08/06/2016 09:31:30 Mark Glezer: gm
08/06/2016 09:31:38 Casjf: yes
08/06/2016 09:32:44 David b: good morning
08/06/2016 10:12:33 David b: AMZN,X
08/06/2016 10:13:38 David b: BAC,C
08/06/2016 10:13:52 Casjf: XON
08/06/2016 10:15:51 MK: POT
08/06/2016 10:16:06 MK: PAAS
08/06/2016 10:16:56 MK: CYH
08/06/2016 10:20:06 MK: SSYS
08/06/2016 10:21:34 Casjf: yes
08/06/2016 10:23:41 MK: VEEV (Short)
08/06/2016 10:27:22 MK: can’t bring myself to buy POT
08/06/2016 10:27:26 MK: but i really want to
08/06/2016 10:27:41 MK: haha also remember where i live
08/06/2016 10:27:43 MK: not a problem
08/06/2016 10:27:44 MK: =)
08/06/2016 10:28:50 Casjf: IONS, TRTC
08/06/2016 10:29:16 MK: I sold my PAAS long yesterday
08/06/2016 10:30:26 MK: what about pullback?
08/06/2016 10:30:32 MK: 17.70?
08/06/2016 10:30:54 MK: oh wow
08/06/2016 10:30:55 MK: ok
08/06/2016 10:34:26 Mark Glezer: can BAC eventually recover to 30s?
08/06/2016 10:36:37 Mark Glezer: k
08/06/2016 10:37:23 MK: bunch of smart people long this stock
08/06/2016 10:37:33 MK: since 2016
08/06/2016 10:39:31 MK: basically during 1Q
08/06/2016 11:00:23 Mark Glezer: thx
08/06/2016 11:00:33 Casjf: Ty!
08/06/2016 11:00:35 David b: thanks
08/06/2016 11:01:02 charlie: tks
Saturday Review Link
A new trend high close on a Friday! There are specific consequences to that. We’ll discuss them, and more, at this weekend’s Saturday Review. Be sure to join us by 9:30am ET. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!
Saturday Review’s recording (for 7/30/16) …
When is a new trend high close not a new trend high close? Friday. At least, this particular Friday. Since a new trend high close would have entrenched the rally, and the opportunity was plentiful, not producing a new trend high close has predictive value, too. Especially since it happened in the pivotal 2168-2169 area. It’s not a sell signal, but it does suggest a couple of likely near-term paths.
We discuss all of that, and more, in this weekend’s Saturday Review.
The following stock requests were reviewed in this order:
MSFT, RTEC, POT, DRI, IONS, XON, AMZN, EQIX, KMI, SBUX, GDX, NUGT, DUST,
07/30/2016 09:29:44 Casjf: gm
07/30/2016 09:31:31 Mark Glezer: gm
07/30/2016 09:58:27 MK: To the moon!
07/30/2016 09:58:29 Casjf: MSFT, RTEC, IONS, XON,KMI
07/30/2016 09:58:44 MK: POT
07/30/2016 10:00:58 MK: DRU
07/30/2016 10:01:01 MK: sorry
07/30/2016 10:01:02 MK: DRI
07/30/2016 10:01:19 MK: AMZN
07/30/2016 10:02:12 MK: EQIX
07/30/2016 10:02:19 MK: SBUX
07/30/2016 10:06:20 MK: PSA
07/30/2016 10:10:48 MK: ok
07/30/2016 10:11:54 MK: DRI is a short
07/30/2016 10:25:22 Mark Glezer: missed the beginning, will watch reconding. Do you expect a break either way from the narrow range to happen early next week ?
07/30/2016 10:27:30 MK: yes
07/30/2016 10:28:33 Mark Glezer: also, is a higher likelihood of breaking lower since there is no momentum to go higher or breaking higher due to pessimism near the high?
07/30/2016 10:29:59 Mark Glezer: k
07/30/2016 10:36:03 MK: random aside but the sentiment index that FXCM releases shows that 89% of their traders are net short SPX
07/30/2016 10:37:47 MK: ok
07/30/2016 10:37:54 MK: i was thinking about gettin short here
07/30/2016 10:43:40 MK: correct
07/30/2016 10:44:19 Josey: Ty
07/30/2016 10:44:21 Mark Glezer: thx much
07/30/2016 10:44:30 Casjf: good weekend all
Saturday Review Link
Be sure to join us by 9:30am ET for this weekend’s Saturday Review. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request… See you there!