Saturday Review
Saturday Review’s recording (for 6/11/16) …
Last week started obviously, quickly producing a rally as was expected. Trying to extend that rally inappropriately led to its expected reversal. And the character of its reversal suggests that a turning point may be here. Is topping process yet complete? We discuss this and more during this weekend’s Saturday Review.
GDX and GDXJ stock charts are reviewed toward the session’s end.
06/11/2016 09:29:15 sm: check check
06/11/2016 09:32:07 Mark Glezer: gm
06/11/2016 09:56:36 Bill G: Rod, are you alright, you seem distracted? Maybe it’s me
06/11/2016 09:57:06 Bill G: usually the case
06/11/2016 10:01:44 sm: What potential do you think still exists for the market to make another challenge on the all-time highs?
06/11/2016 10:06:00 sm: December’s high
06/11/2016 10:06:42 sm: ok
06/11/2016 10:07:09 sm: Yeah, either way we completed the requried test of the highs.
06/11/2016 10:08:01 Bill G: Do you expect lower before attacking the May 2015 high?
06/11/2016 10:09:04 Bill G: If it ever happens
06/11/2016 10:11:04 sm: The decline in Aug was considered an incomplete satisfaction of the 2015 topping pattern…if a decline commences from the current area, would you consider that to be a part of that effort?
06/11/2016 10:11:34 sm: Or an altogether new decline, not necessarily tied to 2015?
06/11/2016 10:19:13 sm: Sorry for taking the conversation back to the big picture (takes me a few minutes to digest your comments)…Since an decline from current levels would be a separate effort (different sponsorhip) from that which orignated in 2015, but we have now an even larger context of distribution which includes the past eight month PLUS that which occured in 2015, would you anticipate even lower levels than would have been seen if the decline had been more successful initally and had actually made its way into the 1700s that were possible at that time?
06/11/2016 10:21:17 sm: :)
06/11/2016 10:21:41 Josey: will the brix strenghten gold?
06/11/2016 10:27:57 sm: thx
06/11/2016 10:28:19 Josey: if it goes through.
06/11/2016 10:32:11 Josey: TY
06/11/2016 10:32:23 Mark Glezer: thx
Saturday Review Link
Did Friday’s initial capitulation fulfill Tuesday and Wednesday’s topping, and Thursday’s warning shot? Or, is Friday’s drop telling everyone the trend is reversing down? We’ll discuss that, and more, less than two hours from now.
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 5/21/16) … Put up, or shut-up.
There’s only so much to be said, every Saturday, about fluctuation around 2050.00, every week. But repeatedly testing 2039.50 without closing under it, recovering from interim tests of lower support, eventually runs out of sellers. A path down remains viable, but it’s getting stale, and a path up is always available. This weekend’s Saturday Review discusses those paths, their characteristics, and likely objectives. Three stock charts were reviewed (AAPL, TSLA, GM).
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 5/14/16) … Just visiting?
Returning back to last Friday’s lows this Friday may have been one last tag-up at third base before heading to home. i.e. Retracing, rejecting and reversing Friday’s dip without delay would very likely launch the next rally leg to fresh highs. Well, some delay is possible while maintaining a path to recovery, but probably not without compartmentalizing any further dip…
This weekend’s Saturday Review discusses the above situation, and also describes their consequences. We also spent some time interpreting the recent relative performances among S&Ps, the Dow and NDX.
The following stock requests were reviewed in this order:
AAPL, CRUS, NXPI, GDX, ERII, ADI, NKE, LLL, AMD, SIVB, SFLY, FB
05/14/2016 09:30:36 smm: check
05/14/2016 09:31:31 Mark Glezer: gm
05/14/2016 09:55:49 Mk: gotta leave early so CRUS NXPI ADI NKE LLL AMD SIVB SFLY
05/14/2016 09:56:16 Mk: and FB
05/14/2016 09:58:25 Bill G: op ex
05/14/2016 09:59:24 smm: Broader market: What is your interpretation of the Dow being weaker in the context of where the market is currently?
05/14/2016 10:00:02 smm: (still within the orbit of all time highs)
05/14/2016 10:06:02 smm: – Throughout 2015 we were looking for Dow relative strength (vs NQ strength that had been seen for a long time) to portend future market declines.
05/14/2016 10:09:23 smm: We were watching for the sign of Dow relative strength to confirm expected market weakness
05/14/2016 10:09:40 smm: right
05/14/2016 10:09:58 smm: Dow relative strength would be a confirming sign
05/14/2016 10:10:45 smm: – – anyway, your comments so far on this point are helpful enough. Dont want to get stuck here.
05/14/2016 10:11:11 smm: The NQs were strong all throughout 2015
05/14/2016 10:11:17 smm: (and prior)
05/14/2016 10:11:32 Bill G: With some bullish div in nq, would a rally in es be greater in nq’s
05/14/2016 10:11:47 smm: One sign of the top rolling over was Dow relative strength
05/14/2016 10:11:59 smm: and NQ weakness
05/14/2016 10:12:50 smm: Yeah, thats where we started to see the change
05/14/2016 10:14:49 smm: Was just wondering how significant Dow relative weakness is. Using the earlier logic, one might conclude that there is not a search for cover in the Dow stocks
05/14/2016 10:16:11 smm: ok thx
05/14/2016 10:17:14 Bill G: an nq rally may be largly a bounce
05/14/2016 10:17:20 Bill G: in aapl