Saturday Review
Saturday Review Link
Only an errant tick exceeded our long-standing 2125.25 objective. Having held, no higher target was put into play. And having held up so late in the day, a reversal down isn’t indicated. So, what’s next?
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 6/25/16) …
Every bit of “unfinished business above” had been neutralized before Thursday’s Brexit vote results began pouring in. “Bad news,” no more buying pressure, and the weekend’s impending illiquidity, all combined into a perfect storm that took the market from one end of the range to the other. Closing any lower Monday would confirm a much deeper drop underway. Otherwise, there is potential for another bounce.
This week’s Saturday Review defines those possible resolutions, and their paths. With great questions from attendees. Then we reviewed many stocks of interest to subscribers.
The following stock requests were reviewed in this order:
PCLN, NFLX, PODD, FNMA, BAC, UBS, NUGT, SYMC, Silver, GDX, BIDU, CVS, GOOG, SODA, LMNX, LOCO, RTRX
06/25/2016 09:29:58 Mark Glezer: gm
06/25/2016 09:30:20 David B: good morning
06/25/2016 09:31:11 Rod David: CHARTS WILL DISAPPEAR MOMENTARILY WHILE I START THE RECORDER
06/25/2016 09:32:23 charlie: hi0
06/25/2016 09:47:34 Mark Glezer: Fri volume seemed very low on ES, does it mean that big money are massively short & in no hurry to cover having much lower targets in mind?
06/25/2016 10:01:58 Mark Glezer: is a preference for a bounce that 1993.50 is retested intraday, not overnight?
06/25/2016 10:04:20 Mark Glezer: yes
06/25/2016 10:13:51 Josey: If this turns out to be the Mother of all reversals, is the line in the sand 1980 es?
06/25/2016 10:22:28 David B: what would tell us we are heading toward a close above 2090?
06/25/2016 10:22:44 ljr: stock: PCLN NFLX BIDU plz
06/25/2016 10:23:16 David B: and would that mean we are heading toward new highs again
06/25/2016 10:23:45 sm: Wed is also CCAR
06/25/2016 10:26:17 Mark Glezer: do you think gapping down too much on Mon will be a buying opportunity?
06/25/2016 10:26:30 sm: Comprehensive Capital Analysis and Review
06/25/2016 10:26:50 David B: i said last week that market did not seem to discount to what happened oon fri do you agree?
06/25/2016 10:27:21 David B: yes
06/25/2016 10:28:35 David B: you think the vote will be the other way we would of had a sell n the news?
06/25/2016 10:30:50 Mark Glezer: interesting that Janet warned of devastating consecuences of Brexit but they still bought it blindly going into it
06/25/2016 10:31:53 Josey: PODD, FNMA
06/25/2016 10:32:04 Mark Glezer: BAC
06/25/2016 10:32:42 Mark Glezer: UBS
06/25/2016 10:33:27 Mark Glezer: CVS
06/25/2016 10:34:12 Doran from Kalamazoo: NUGT, SYMC
06/25/2016 10:55:04 ljr: GOOGL/Goog. and SODA if u have time thx
06/25/2016 11:01:02 Doran from Kalamazoo: lmnx, loco
06/25/2016 11:07:46 Doran from Kalamazoo: rtrx
06/25/2016 11:12:05 ljr: thx for all. I’ll watch the recording later. bye
06/25/2016 11:14:42 Doran from Kalamazoo: long
06/25/2016 11:17:36 Josey: Ty, Rod . great week last :)
06/25/2016 11:17:42 Mark Glezer: did I miss CVS?
06/25/2016 11:17:53 charlie: tks
06/25/2016 11:18:17 Mark Glezer: thx
06/25/2016 11:18:29 Mark Glezer: thx much
06/25/2016 11:19:10 Doran from Kalamazoo: thx
06/25/2016 11:19:13 sm: thx
06/25/2016 11:19:32 Rod David: CHARTS WILL DISAPPEAR MOMENTARILY WHILE I STOP THE RECORDER
Saturday Review Link
Fun week! 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 6/18/16) …
First, let me apologize again for the inadvertent sending of 40 emails when the new site design was updating. Its cause is known, so don’t worry about it repeating…
Testing the decline’s target allows a bottom to form. It also allows the decline’s sponsorship to refuel. Which one does Thursday’s bounce represent, and how can we detect the difference and position for it?
This weekend’s Saturday Review addresses those questions and more. Along the way, we apply examples of similar setups to compare and contrast current conditions. Stock requests were reviewed.
The following stock requests were reviewed in this order (the last two are available separately by clicking on them):
GDX, ALB, ECPG, GROW, HTM, AAPL, MERC, POT, PRAA, ABTL, AMZN, BWLD, CACC, EQIX, INTC, POOL, UPS, BBRY, CSCO
06/18/2016 09:31:22 Mark Glezer: gm
06/18/2016 09:31:23 sm: audio good
06/18/2016 09:31:23 David B: Good morning
06/18/2016 09:32:20 Mark Glezer: yep
06/18/2016 09:32:23 David B: yes
06/18/2016 09:32:25 sm: : )
06/18/2016 10:06:08 sm: Sorry to ask this again…why is it that the unified move higher of all three markets would be a bearish indicator in the current context?
06/18/2016 10:09:39 David B: has the market discounted enough should there be a brexit? it does no seem so. would you expect a big rally if no exit?
06/18/2016 10:13:29 sm: Does that move higher need to test the highs…or would a test of the 61.8 rettracement of the downleg be adequate?
06/18/2016 10:16:40 MK: .0005% chance that leave actually wins
06/18/2016 10:16:44 sm: In other words, if the markets display a unified move higher into the 61.8 level, would that be a time for caution, or is a unified test of the highs required to send the bearish message?
06/18/2016 10:16:48 MK: its ridiuclous that this keeps happening
06/18/2016 10:17:08 MK: short gold
06/18/2016 10:17:13 MK: i think is the trade over long markets
06/18/2016 10:17:17 MK: if remain wins
06/18/2016 10:18:15 MK: yes rounding up
06/18/2016 10:18:21 MK: Exactly
06/18/2016 10:20:35 sm: Answer has been muddled
06/18/2016 10:20:56 MK: Long List
06/18/2016 10:21:01 MK: ALB
06/18/2016 10:21:06 MK: ECPG
06/18/2016 10:21:08 MK: GROW
06/18/2016 10:21:11 MK: HTM
06/18/2016 10:21:12 MK: MERC
06/18/2016 10:21:19 MK: POT
06/18/2016 10:21:20 MK: PRAA
06/18/2016 10:21:24 MK: Short List
06/18/2016 10:21:29 MK: ABTL
06/18/2016 10:21:30 MK: AMZN
06/18/2016 10:21:32 MK: BWLD
06/18/2016 10:21:36 MK: CACC
06/18/2016 10:21:41 MK: EQIX
06/18/2016 10:21:43 MK: INTC
06/18/2016 10:21:45 MK: POOL
06/18/2016 10:21:50 MK: UPS
06/18/2016 10:26:03 MK: =)
06/18/2016 10:27:57 MK: if it gets to 94 its going to 100 no?
06/18/2016 10:29:59 MK: so i’ll stop out on aclose under 22.50
06/18/2016 10:38:18 MK: OH can you do Bitcoin
06/18/2016 10:38:45 MK: bought a bunch at 450
06/18/2016 10:38:54 MK: already banked my principal
06/18/2016 10:39:10 MK: yes
06/18/2016 10:40:10 MK: ha
06/18/2016 10:50:15 MK: Autos
06/18/2016 10:52:33 MK: You talked me out of it in late march
06/18/2016 10:52:44 MK: selling it
06/18/2016 10:52:54 MK: i’m inclined to ignore your advice now =)
06/18/2016 10:54:23 MK: what is the 161.8
06/18/2016 10:54:32 MK: thanks
06/18/2016 10:54:53 MK: meh ignore INTC
06/18/2016 10:54:57 MK: thats a boring chart
06/18/2016 11:00:49 MK: have a good one
06/18/2016 11:00:57 David B: thanks
06/18/2016 11:01:01 MK: i missed the general market tour
06/18/2016 11:01:05 MK: i’ll watch recording
06/18/2016 11:01:10 MK: and ask questions on monday
06/18/2016 11:01:40 Josey: Ty
Saturday Review Link
SPECIAL NOTE: Somehow, transferring to the new site triggered the Email Alerts… 40 times. I apologize for the deluge, and any confusion it may have caused.
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!