Saturday Review

“When you come to a fork in the road, take it.”

The week-long sell-off fulfilled all downside requirements and didn”t put into play any new ones. But it didn”t have time or take time to attract sponsorship for reversing the trend back up. So, the market hasn”t yet reacted either to Greece”s post-close calls for a referendum, or to the Eurogroup”s unsympathetic response.

Is there any selling left? Is a new round of selling about to begin? Should be fun. We looked at the market”s bigger picture, and then gamed out different strategies for Sunday night and Monday”s open. Then we reviewed individual chart analysis requests, in this order: GOOGL, GOOG, AAPL, CSCO, BT, GWPH, FEYE, PANW, PHM. The recording is linked below:

MP4 version || ilinc version

This weekend”s Saturday Review recording is unavailable in mp4, so let me know whether you encounter any difficulty viewing it in this format.

The first 30-35 minutes discuss the broader market”s bigger picture. Why did the decline into last week”s low stop where it did? Can it resume? What does last week”s rally tell us to expect? And much more… This will be an exciting week, with Yellen”s quarterly Q&A (usually our most profitable session of the quarter) and Friday”s quadruple Witch expiration.

The requested stock chart analyses, in order, are: BABA, AAPL, TWTR, ORCL, FB, JBL, ADBE.

Click here to watch.

Some of the comments/questions that attendees posted:

lower is not contemplated yet?

two consective closes over 2113 we are heading to new highs?

relative behavior of major indexes – anything chaanged?

seems like NDX was underperforming for a few days with DOW outperforming

expiration on fri

do u think 140 AAPL may coincide with the final new high in ES ?

earnings on wed is it greeting from strength? orcl

coincidentally 140 AAPL – 2140 ES

FB has to get to 100 by 80/100 law

ah need to climb above 90 first

On orcl, does the high in Dec make the price action from march through

today accumulation rather than distribution?

Last week”s dips had steeper trajectories than its rallies. And its rallies all failed upon probing the same resistance (2118).

Meanwhile, Friday”s intraday dips repeatedly stopped optimistically short of prior lows. At least an obligatory probe lower has become likely. To where, and how will we know that probe lower is being avoided? And what are the bigger picture consequences either way — what takes new highs off the table, and what if new highs are probed before Friday”s Employment Situation report?

This weekend”s Saturday Review discussed those topics, and more. There were great questions, and a review of AAPL and the long-bond charts.

View the meeting here: MP4 recording

This weekend”s Saturday Review started early and ended early, without covering any stock charts. Please feel free this weekend to post any analysis requests you need before Monday”s open to this post”s comments section.

The market analysis updated the ongoing quest to new highs. We discussed why the foray isn”t likely to last for very long, possible areas for its reversal, and what that reversal would look like. And most importantly, as always, why.

View the recording here in MP4, or here.

This coming week begins with a Bank of England policy statement, the first since Thursday”s elections. Following it is a Eurozone meeting, the last ahead of Tuesday”s scheduled Greece debt payment of 750 million Euro.

All of which follows two wide-ranging weeks. All of which was contained within an ongoing three-month long range, but they were the fastest round trips within it, yet. This things getting ready to blow.

We discussed the scenarios — how to know what path the market is taking, and its implications. Then we reviewed stock chart analysis requests, listed below and in order.

Click here for an MP4 recording (or here for ilinc/Mitel).

BABA

SLF

CSCO

M

AAPL

BT

BNO / USO

DB

CELG

AMGN

ALXN

P

Gold, Oil