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Livestox Recording Nov 24, 2015 – If, Then… Market Timing

Livestox Recording Nov 24, 2015

By Rod David | November 24, 2015 - 7:52 pm | 13

Thanksgiving is fast-approaching, which creates seasonal influences on price action. Meanwhile, incidents in Paris and Syria have triggered market sell-offs, which also have predictable resolutions. I discuss those in this Livestox recording, which is linked below. Also listed are the stocks we discussed, including requests — they’re listed in order, so my most timely picks aren’t listed first (they’re INSY and XXII). Please don’t hesitate posting follow-up questions to this blog post’s thread.

Have a great Thanksgiving!

Livestox recording (MP4)

SPX

USO

GLD

GPRO

FOLD

FEYE

IMGN

AMZN

INSY

AAPL

TWTR

GWPH

CARA

CBIS

SRNA

MSRT

ECIG

MCIG

XXII

CANV

LXRP

AMMJ

Posted in Bigger Picture

13 Comments

  1. guanito on November 24, 2015 - 9:20 pm at 9:20 pm

    Tku



  2. fennecby on November 25, 2015 - 11:43 am at 11:43 am

    Morning. How’s ELTK looking to you? Back in September you said “Volume continued improving into the most recent upleg that probed a fresh relative high, while a Cup & Handle pattern is trying to form. Closing above 1.40 and 1.55 would confirm a much bigger rally underway.” So it never managed that but drifted lower, then came the move on earnings which still couldn’t lift it above 1.4.



    • Rod David on November 25, 2015 - 1:31 pm at 1:31 pm

      ELTK — This pattern is a great example for why I introduced the 2nd consecutive confirmation parameter. That singular surge (whatever its cause) didn’t attract any new sponsorship. So, the original parameters remain unchanged.



      • fennecby on November 25, 2015 - 1:56 pm at 1:56 pm

        Cool. It’s also a great example for how I’ve managed to learn something – because I haven’t bought it yet!



  3. Josey on November 25, 2015 - 3:22 pm at 3:22 pm

    Rod and all other eyes, Have a great Thanksgiving!



  4. fennecby on November 25, 2015 - 3:52 pm at 3:52 pm

    WYY still going to 40 cents?



  5. Brett Halloran on November 25, 2015 - 4:04 pm at 4:04 pm

    Hi Rod, can you take a look at VLKAY? Improving volume and price action in recent days. I can’t remember where resistance is on this.



    • Rod David on November 27, 2015 - 9:41 am at 9:41 am

      VLKAY — There has definitely been some improvement in volume while price has firmed. I would consider 25.40 as a stop to being long for a target of 35. But there isn’t yet a catalyst triggered to launch that move, which is probably a close above 29.40.



  6. fennecby on November 27, 2015 - 11:20 am at 11:20 am

    morning Rod. Is WYY still going to 40 cents?



    • Rod David on November 27, 2015 - 11:22 am at 11:22 am

      WYY — The pattern hasn’t changed. But back above .97 would be bullish.



      • fennecby on November 27, 2015 - 1:36 pm at 1:36 pm

        thanks.



  7. fennecby on November 27, 2015 - 2:31 pm at 2:31 pm

    what’s above 1.92 for TWMJF? I’m assuming that a close over 2.57CAD today in Canada confirms yesterday’s breakout, as price is obviously determined over there. Volume looks healthy as well.



    • Rod David on November 30, 2015 - 7:19 am at 7:19 am

      TWMJF — The second 3rd-day surge at 2.60/2.80 is significant resistance. But it can still be retested.