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(corrected link) Livestox Recording Oct 23, 2015 – If, Then… Market Timing

(corrected link) Livestox Recording Oct 23, 2015

By Rod David | October 23, 2015 - 1:47 pm | 10

Friday’s Livestox recording is below, and the stocks we addressed in order follow that. We began with an extended “bigger picture” discussion in light of the very recent surging. Then I reviewed previous coverage and introduced a new timely pick. Please don’t hesitate posting follow-up questions to this blog post’s thread.

Livestox recording (MP4)

SPX, GOOGL, AMZN, TWTR, INSY, AAPL, NFLX, GPRO, SPRWF, TWJMF, OGRMF, GWPH, CARA

GOOGL

AMZN

TWTR

INSY

AAPL

NFLX

GPRO

SPRWF

TWMJF

OGRMF

GWPH

CARA

Posted in Bigger Picture

10 Comments

  1. fennecby on October 23, 2015 - 3:43 pm at 3:43 pm

    SMG – pretty choppy over the last 6 months. Is it ready for a breakout, and is buying it now worth it risk-reward-wise?



    • Rod David on October 23, 2015 - 4:01 pm at 4:01 pm

      SMG — I like that the recent rally stopped pessimistically short of actually touching the prior highs, but has consolidated there anyway. Still, volume could be better. So long as 64 holds as support, extending above 67 on expanding volume would be bullish.



  2. Scott Bietendorf on October 25, 2015 - 10:04 am at 10:04 am

    TRTC: Did not make a new predicted low. Interest seems to be gaining on their IXVV brand. Volume seems to be improving, as well as price – even with nefarious T-trades. Is there real strength here, or is this a head fake?



    • Rod David on October 26, 2015 - 9:35 am at 9:35 am

      TRTC — I don’t see anything new, just new fluctuation within the pre-existing range. Back above .135 could start to suggest otherwise



  3. Scott Bietendorf on October 26, 2015 - 2:00 pm at 2:00 pm

    WMT: made a double bottom today with improving RSI. Would you concur consolidation is occurring here and long entry a consideration?



    • Rod David on October 26, 2015 - 2:40 pm at 2:40 pm

      WMT – I don’t see a Double Bottom today, since reactions up haven’t done anything complex in the interim. Were you referring to today’s low retesting a prior session’s low?



  4. Scott Bietendorf on October 26, 2015 - 7:04 pm at 7:04 pm

    Yes, referring to todays low re-testing prior session low. Thanks for the input. BTW good call on INSY!



    • Rod David on October 27, 2015 - 7:31 am at 7:31 am

      WMT — I don’t see another session’s low that was being retested in the context of a Double Bottom, so it doesn’t look bullish to me.



  5. Scott Bietendorf on October 27, 2015 - 11:45 am at 11:45 am

    AMBA: Trading in low 50″s. RSI improving, while pullback continued from 9/28. Is there any reason to be bullish here?



    • Rod David on October 27, 2015 - 1:05 pm at 1:05 pm

      AMBA — The relevance of RSI can be overstated after a trend has extended. It is comprised of only so many preceding periods (14 is a common default) and so that’s all it reflects. If most of the days during that period of time descended at a consistent pace, then RSI won’t ever get ahead of itself, i.e. “oversold.” So, avoiding oversold becomes irrelevant.

      RSI reflects buying and selling pressure. MACD price momentum would be more insightful at this stage. Also, note that volume is relatively low during this recent part of the decline — so, apart from the potential for a sudden brief bounce, bottoming is not likely soon.