Saturday Review

The ongoing trading range keeps alive potential for a deeper dip before resuming the rally. During this weekend’s Saturday Review, we discussed how to know determine whether that dip is underway, or being rejected, and the extent that each could reach.

Sponsorship for those competing paths will be well fed by a specially scheduled FOMC meeting and quarterly earnings. Knowing the context will help to make faster and more reasoned decisions in real-time.

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
POT, CF, HOV, KO, MCD, HTM, CACC, FCX, X, HOG, SIVB, CRUS, FB, SBUX

04/09/2016 09:30:38 David B: Good Morning
04/09/2016 09:30:40 sm: audio good
04/09/2016 09:41:50 MK: 201/22 is prior lows?
04/09/2016 09:41:56 MK: 21/22 is prior lows no?
04/09/2016 09:55:17 MK: POT & CF
04/09/2016 09:55:25 MK: HTM
04/09/2016 09:55:35 MK: CACC
04/09/2016 09:55:37 MK: HOG
04/09/2016 09:55:40 MK: SIVB
04/09/2016 09:55:46 MK: CRUS
04/09/2016 09:55:49 MK: FB
04/09/2016 09:57:23 David B: any thoughts on the fed emergency meeting effecting stocks?
04/09/2016 09:59:14 David B: Are earnings already discounted in the market and earnings beats will reflect stocks to rally?
04/09/2016 10:07:49 MK: re:POT is that too far of a pullback
04/09/2016 10:07:56 MK: i’m long right around 16
04/09/2016 10:08:08 MK: with a close back under lows
04/09/2016 10:11:13 MK: yup
04/09/2016 10:11:14 MK: nevermind
04/09/2016 10:11:45 Josey: HOV
04/09/2016 10:14:22 Josey: long
04/09/2016 10:15:03 David B: KO,MCD
04/09/2016 10:18:30 MK: I feel ike KO is the ultimate CYA stock
04/09/2016 10:22:03 David B: FCX,X
04/09/2016 10:25:14 MK: can i press this?
04/09/2016 10:25:25 MK: ok
04/09/2016 10:25:28 MK: i’ll press on monday
04/09/2016 10:25:33 MK: i’m good with that
04/09/2016 10:26:53 MK: SBUX
04/09/2016 10:33:21 MK: sweeet
04/09/2016 10:33:23 MK: go lower
04/09/2016 10:34:30 MK: thats fine
04/09/2016 10:37:13 David B: with the fed,earnings,and options expiration it might be difficult to say which way the trend is going?
04/09/2016 10:44:25 David B: never know which the market will focus on?
04/09/2016 10:47:53 Josey: earning have been lowered so much that I would think we rally
04/09/2016 10:50:10 Josey: Thank you!
04/09/2016 10:50:19 David B: thanks

That’s a lovely new trend high close, you have there. It would be a shame if something were to happen to it. Actually, probably not. Pulling back immediately Monday would likely be only a temporary correction, and bullish. That was explained along with other aspects of the current and future market during this weekend’s Saturday Review.

 CLICK HERE NOW TO WATCH

Also, the following stock requests were reviewed in this order:
UTX, NFLX, AAPL, SQ, GPRO, GIS, HOG, USO

04/02/2016 09:29:05 sm: audio is good
04/02/2016 09:29:10 Mark Glezer: gm
04/02/2016 09:29:14 Mark Glezer: good
04/02/2016 09:29:14 David B: Good Morning
04/02/2016 09:50:43 sm: ‘New highs’ since the beginning of the controlling downleg, or new highs above the 2015 topping range?
04/02/2016 09:52:19 sm: — answered. thx
04/02/2016 09:54:53 David B: do you think the fed gave the market a gift basically taking a rate hike off the table and risk on its back on?
04/02/2016 09:58:25 David B: markets are driven by earnings and they are declining so its all about what the fed is doing is keeping the market from selling off?
04/02/2016 10:01:49 Mark Glezer: when do u expect the new all time high?
04/02/2016 10:03:54 David B: can you look at the dollar is it starting to break down
04/02/2016 10:04:31 David B: NFLX,AAPL
04/02/2016 10:08:16 Josey: SQ, GPRO, USO
04/02/2016 10:10:11 sm: GIS, HOG
04/02/2016 10:22:25 Mark Glezer: thx
04/02/2016 10:22:51 sm: thx
04/02/2016 10:23:11 David B: thanks

The topping template defined all of last week’s actions… except for Friday, which killed it. But Fridays are the least relevant windows of the week, so perhaps the template is only mostly dead. Why is there still reason to suspect the rally’s health, and how would Monday open’s either confirm or reject it? These questions and many others are addressed in this weekend’s Review.

 CLICK HERE TO VIEW 

The following stock requests were reviewed in this order:
FB, XOM, KO, OIH, NFLX, AMZN, DWTI

03/12/2016 09:31:28 Mark Glezer: gm
03/12/2016 09:31:34 Mark Glezer: good
03/12/2016 09:31:37 casjf: GM
03/12/2016 09:47:27 Mark Glezer: under 2002 – SLD?
03/12/2016 09:49:00 Rod David: 2007 2003
03/12/2016 09:49:04 Mark Glezer: k
03/12/2016 09:52:46 Mark Glezer: sorry I thought it was under 2002 – the afternoon’s low, not the last 90 min low
03/12/2016 09:54:15 Mark Glezer: sure
03/12/2016 10:00:04 Josey: sound’s like a greater chance for a capitulation on the horizon (ECB)
03/12/2016 10:05:15 David B: Do we sill need to still see one more higher close before a down trend occurr?
03/12/2016 10:06:30 Mark Glezer: FWIW some hedge fund guys are contemplating new highs followed by a an ultimate collapse sometime in April
03/12/2016 10:09:59 Mark Glezer: right
03/12/2016 10:10:34 Mark Glezer: so it’s under 2003, not 2007 – just making sure
03/12/2016 10:13:36 David B: does the fed meeting and options expiration complicate things?
03/12/2016 10:14:01 Mark Glezer: gapping down should not get far down anyway since one higher close is required?
03/12/2016 10:14:48 Mark Glezer: unless it’s under 1995 & maintained
03/12/2016 10:16:57 David B: does the direction of oil either way having an influence?
03/12/2016 10:17:05 Mark Glezer: k
03/12/2016 10:18:32 David B: is your view that this is still a bear market rally even if we get to new highs?
03/12/2016 10:19:32 Mark Glezer: looks like they still correlate by the moving averages that keep increasing
03/12/2016 10:20:03 Mark Glezer: ES & oil
03/12/2016 10:20:34 Mark Glezer: k
03/12/2016 10:21:14 David B: is big money just waiting for everybody to be in before a large downward move?
03/12/2016 10:21:31 Josey: I would think that oil will still go down, China, Iran, supply, demand. The OPEC agreement will not last. IMO
03/12/2016 10:22:04 Mark Glezer: hedge funds are waiting for sure
03/12/2016 10:22:35 David B: do you think the rally has been short covering?
03/12/2016 10:24:55 builder from Oregon: FB
03/12/2016 10:25:06 David B: XOM,KO
03/12/2016 10:33:00 David B: 43.60 below would indicate trending down? on KO
03/12/2016 10:33:58 builder from Oregon: OIH
03/12/2016 10:34:56 David B: NFLX,AMZN
03/12/2016 10:35:30 Josey: screen frozen 10:33
03/12/2016 10:35:38 Josey: anyone else
03/12/2016 10:35:44 Bill G: No chart
03/12/2016 10:35:46 builder from Oregon: yes
03/12/2016 10:35:46 sm: yes
03/12/2016 10:36:09 builder from Oregon: KO frozen
03/12/2016 10:37:07 Josey: good
03/12/2016 10:37:07 sm: good
03/12/2016 10:37:08 David B: yes
03/12/2016 10:37:08 Bill G: y
03/12/2016 10:37:10 builder from Oregon: yes
03/12/2016 10:43:05 Josey: Another etf, DWTI ?
03/12/2016 10:48:46 Josey: volume declining also
03/12/2016 10:50:20 Mark Glezer: thx much
03/12/2016 10:50:26 Josey: Ty
03/12/2016 10:50:27 sm: Good work on the big picture analysis. Thanks.
03/12/2016 10:50:40 Mark Glezer: amazing as always
03/12/2016 10:50:40 David B: thanks
03/12/2016 10:51:03 Bill G: Have a good one