Livestox starts shortly at 12:15

Livestox starts shortly at 12:15 ET. Use the following link, and the conference call instructions if needed. I”m in the final stages of choosing a more robust conference software, hopefully to be implemented next week. Meanwhile, here”s the usual link and phone conference info:

https://roddavid10.mitel-nhwc.com/join/pcxsrhm

optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
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And here”s the past week”s posts for Marketfy”s search engine:
Boston — Please take a look at IMGN, FEYE, GTLS Thanks Rod Posted 1 week ago
fennecby — would appreciate a look at WYY and NVMI. Posted 1 week ago
casjf — KMI – crossed below 50 SMA. Below what level does it look like it”s going back to $40 and below? Posted 1 week ago
Rod-David — WYY — There”s a lot of noise for a long time, I”m not able to discern between accumulation and distribution in it, sorry. Posted 1 week ago
fennecby — you and me both (-:
somewhat comforting. Posted 1 week ago
Rod-David — NVMI — Hitting 11.75 resistance pretty hard and excessively optimistic, after having broken lower there from a failed ascending triangle. Its recovery is likely, but the first attempt from 10.60 is difficult. Posted 1 week ago
Rod-David — KMI — Closing lower tomorrow could extend down to test 38. Posted 1 week ago
casjf — KMI – Thanks for the heads up. FEYE has a lot of volume and zoomed up today — maybe it will get through to the next level tomorrow. Some time ago you had said above $44 it could go to $65. Any targets closer than $65? Posted 1 week ago
fennecby — thanks. Posted 1 week ago
casjf — FEYE — just heard it”s up on a rumor of a CSCO potential acquisition… Posted 1 week ago
KiteGradient — Thanks Rod Posted 1 week ago
JustJulie — ty Rod Posted 1 week ago
fennecby — a general question about computations of fib retracements.
TSEM fell sharply yesterday. On my chart, yesterday”s close is right on the 61.8% line of the recent leg up, IF I take the low of 30 April and MONDAY”s high rather than yesterday”s.
The question being, of course, is this a legitimate thing to do. And if so – why (or why not). Posted 1 week ago — “Edited”
Rod David — fennecby — You”re asking whether yesterday”s price action can be excluded from the calculation, and I agree that it can be. It should be excluded, when determining whether yesterday”s reaction down qualifies as a correction of the rally effort that preceded it. I also think yesterday”s close is more appropriate than the intraday extreme for identifying whether the pullback limit has held… So, now what? Closing lower would suggest the pullback ultimately did not hold. But I would also want to see a 61.8% retracement of yesterday”s session recovered through today”s close, accompanied by expanding volume, to confirm that yesterday”s pullback limit test was sufficient to attract new sponsorship to the rally effort it corrected. Posted 6 days ago
Josey — Rod, just a health check on BAK, Targeting 12 now? Posted 6 days ago
fennecby — wonderfully helpful. thank you. Posted 6 days ago
tamaramessmann — Target for GBLX Posted 6 days ago
Rod-David — GBLX — Big target at .74, with potential to $1 so long as pullbacks now hold .675 through the close (probing under it intraday would be acceptable if recovered through the close) Posted 6 days ago
Rod-David — BAK — 11.90 is an attraction… But confirming today”s breakout with it being accompanied by expanding volume and then closing even higher tomorrow, would target 13.05. Posted 6 days ago
Josey — Time for a knife catch in NLNK. tested over sold rsi and it rising? Thank you! Posted 6 days ago — “Edited”
tamaramessmann — RIG, NEM upside targets Posted 6 days ago
Brett-ster — Rod, where (if anywhere) is support on BLPG now that has closed under .12? Posted 6 days ago
fennecby — oversold can always can more oversold… Posted 6 days ago
Rod-David — RIG — Close above 21.90 would target 27+. Closing under 20.55 would undermine the rally Posted 6 days ago
Rod-David — NEM Posted 6 days ago
Rod-David — NEM — Next targeting 28.95 Posted 6 days ago
Rod-David — BLPG — I”ve never viewed this as an accumulative chart, and won”t be able to without it recovering some prior high, which is now .245. Meanwhile, if .084 doesn”t contain the low, then .018 would be the next lower support. Posted 6 days ago
Rod-David — NLNK — 36.30 and then 34.75-35.25 are the next support levels Posted 6 days ago
Rod-David — AVP — Under 6.80 would signal that today”s surge was based on falsehoods that had run their course. Otherwise, back above 7.47 would target 8.40-8.60 Posted 6 days ago
tamaramessmann — HFC relevant levels please Posted 6 days ago
Josey — GILD, Today could be the second close over 106.00. It has 5 day”s of buying, Volume seems par or below, Time to enter or wait for 106 pullback? TY Posted 6 days ago
Rod-David — HFC — Volume a little light on this attempt to close above 42.50. And that would need to be confirmed tomorrow. Posted 6 days ago
Rod-David — GILD — Volume a little light here, too, in probing resistance. Any higher high needs to be accompanied by volume almost literally exploding higher to confirm Posted 6 days ago
fennecby — beautiful action today in TSEM, which seems to validate our discussion from before, no? Whichever way she ultimately goes,.. Posted 6 days ago
fennecby — (I”m referring of course to the three spikes thrusting against 16.15 or thereabouts, at the 61.8% of yesterday”s move.) Posted 6 days ago
Josey — Rod, with your history in the trading biz or anyone else, can breakouts happen with out volume @ or below the average? I am seeing several @ a high but no volume. Thinking of exiting positions because of??? Posted 6 days ago — “Edited”
Rod-David — Josey – Generally speaking, that would have me concerned, too. But be sure that you”re looking at the right breakout level. The prior high might not be as relevant as you think Posted 6 days ago
fennecby — hope springs eternal but is there any for CLF? every time it looks to finally go higher – it doesn”t. Breaking through an uptrend line today (and also through the 38.2% line of the upleg from the low) – on low volume though. What”s in store? Your 6.2 line (for a “new big rally”) seems pretty far right now. Posted 6 days ago
Rod-David — CLF — Sometimes hope springs a leak… But today”s low held a 61.8% retracement of the 4/27-4/30 downleg, a common support in ongoing uptrends. So, copying TSDEM”s behavior from today would be appropriate. Closing any lower would start to be a concern Posted 6 days ago
fennecby — CLF – Held? My chart shows the 61.8% retracement of that leg at 5.69 when the stock closed at 5.61.
http://oi59.tinypic.com/2dt9nxs.jpg Posted 6 days ago — “Edited”
fennecby — and re that sentiment extreme you were referring to in AGEN a couple of days ago, is that the same picture in FEYE on March 2014, with those two over-the-top candles, and potentially with same effect? Posted 6 days ago
Rod-David — CLF — Use that leg”s high close and its low intraday as your Fibonacci anchors. Posted 5 days ago
Rod-David — FEYE — Yes, same formation… Good eye! Posted 5 days ago — “Edited”
fennecby — thanks. could you explain WHY you”d use one day”s close and the other”s intraday? Posted 5 days ago
fennecby — (that turned out a little more emphatic than I intended it to…) Posted 5 days ago
fennecby — and CRM looks all about ripe to cross that 74.4 line, no? Posted 5 days ago
casjf — SCTY – Finally got through the $62.90 resistance. Assuming it can stay above this, are the next targets still $66.70 & $72.85? Posted 5 days ago
Rod-David — SCTY — Now that 62.90 has been touched, above 66.70 would target the 72.85 Posted 5 days ago
proed — RAD – Possible symmetrical triangle as a downtrend continuation pattern but breaking above downward sloping resistance on low volume. False break? Possible price targets? Thanks Posted 5 days ago
Rod-David — RAD — I”m not seeing a downtrend. There has been a pullback since early April”s high, but itt has held above March”s prior low. So the series of higher highs and higher lows remains intact. The declining volume is appropriate for a pullback. So, back above 8.30 on sharply expanding volume would target fresh highs at 9.70 Posted 5 days ago — “Edited”
Josey — Rod, today a good price to buy CYBR or wait for the mid 50”s + range? Thank you! Posted 5 days ago
Rod-David — CYBR — This week”s gap down to last week”s lows hasn”t extended, but neither has it been rejected. It”s potentially bullish, but probably from briefly probing a lower prior high at 55. Having said that, closing back above 65 on expanding volume would be bullish already Posted 5 days ago
Josey — Rod and all other eyes, have a great weekend :) Posted 5 days ago
Rod-David — ;) Posted 5 days ago
fennecby — yo Rod. if you could check out my questions up here (cont. over CLF and then CRM) over the weekend that would be cool.
And on a related note to our CLF discussion, CRNT looks to be on a not-dissimilar path. I ignored the very last up-down leg which was wholly contained within the previous one, and then this recent downleg seems to be supported on the 38.2% line of the penultimate downleg. Assuming I”m choosing the relevant points correctly, so could you check this out here? http://oi59.tinypic.com/jtas68.jpg Posted 5 days ago
Rod David — fennecby — Please repost the earlier questions, I”m not sure what you”re asking to be addressed that wasn”t… re: CRNT — The point to my earlier discussion (about locating the two anchors for a Fibonacci calculation) is that you should use multiple candidates to identify which one the pattern is respecting. Then, the likely resolution depends on the rules of that Fibonacci candidate. So, while it may be true that 38.2% is (so far) holding the retracement, what does that mean? In my methodology, if that”s the extent of the pullback before recovering to fresh highs, instead of first dipping deeper to a 61.8% retracement, then the next high won”t endure long before retracing deeper than the last. Posted 4 days ago
fennecby — fennecby — thanks. could you explain WHY you”d use one day”s close and the other”s intraday?
fennecby — (that turned out a little more emphatic than I intended it to…)
fennecby — and CRM looks all about ripe to cross that 74.4 line, no? Posted 3 days ago
fennecby — and re CRNT –
use multiple candidates to identify which one the pattern is respecting – that”s an interesting addition to the toolbox. All investor gnu herds generally respect Fib “rules of nature,” but may differ in where exactly they all jump on or off?
***
So will it or won”t it – CRNT that is – recover fresh highs or first dip to deeper retracement? Not quite sure whether there was an actual conclusion to your comment.
appreciate the ongoing education! Posted 3 days ago
Rod David — re: alternating close/intraday… When the close is in the direction of the uptrend and the opposing intraday is in the direction of the downtrend, and price respects the Fibonaccis using these anchors, then the uptrend is likely to persist. Posted 3 days ago
fennecby — hmmm. ok, thanks. will try to apply. Posted 3 days ago
Jo B — what a mess! Posted 4 days ago
guanito — Tku. Caught the GBLX move and tried something new – taking profit! Posted 4 days ago
Rod David — ;) Posted 4 days ago
fennecby — Rod – re your idea from one of last week”s LiveStox sessions about pooling our ideas and screening them through you for a more communal experience here:
don”t know how other people responded there and then since I didn”t participate, but I”m all for it. Posted 4 days ago
KiteGradient — +1 fennecby Posted 3 days ago
Miss Kitty — +1 fennecby Posted 3 days ago
Josey — Me 4. Posted 2 days ago
Rod-David — So very glad to see the support for the new format. I”m running into a little difficulty in implementing it officially, but we”re going to start it in practice within a couple weeks. Posted 2 days ago
Josey — Rod, on SGLB is that a bearish ascending triangle targeting much lower price on a 3 month chart? Posted 2 days ago
Rod-David — SGLB — An ascending triangle would be bearish in a downtrend. It could be bearish in an uptrend, but only after a false break higher. This triangle is in an uptrend, and hasn”t broken higher, so it”s not bearish. Posted 2 days ago
Josey — OK, Thank you! Posted 2 days ago
Josey — MNKD looking for a 3 day surge setup? Up last 5 day”s on bad news. Posted 2 days ago
Rod-David — MNKD — The 3-day surge setup is applicable to uptrends, but this is reacting to new lows in a downtrend. A different pattern is in-play here, which is probing the last consolidation as resistance. Closing above 4.40 would target 4.80-5.00 Posted 2 days ago
Josey — Would it be time for a technical bounce in CLF 4.80 – 5.00? Posted Yesterday
fennecby — Anything calculable yet for KRNT? Looking pretty strong right now. Posted Yesterday
Rod-David — KRNT — Without any complexity, range calculations can”t be considered in a context that dictates what projections are relevant. Having said that, 17.50 (being tested this morning) is essentially a 61.8% extension of the last pullback, so it is resistance. But the resolution to its test is unknown since it””s not within a trend Posted Yesterday
fennecby — got it. Posted Yesterday
Rod-David — CLF — A prior low from Apr 22 is being tested here around 5, but there”s nothing bullish about retesting it at this stage of the pattern. An obligatory bounce is possible, but not necessary, and not likely to extend Posted Yesterday
Miss Kitty — MCIG broke support at 0.071. What is the next lower support? Or is it vulnerable to a spike up here from 0.0655? Posted Yesterday
McCall — I am not sure if anyone here is watching KBLB, and it is most likely a scam, but their chart seems interesting. does anyone else have an opinion Posted Yesterday
Rod-David — MCIG — Since .071 hasn”t actually broken lower through the close, recovering it could still trend back up. But that would be more credible closing above .075. Posted Yesterday
Rod-David — MCIG — Extending down more deeply, and on sharply expanding volume. Next lower support is .04 Posted Yesterday
kit650kr — YO ROD! any new parameters on IDTI. thanks BOSS Posted Yesterday
Rod David — IDTI — Now targeting 22.85 so long as 21.05 holds as support, potential for extending to 26.15 Posted Yesterday
Miss Kitty — Now you”re talking! Looking forward to the group decisions on the stock picks. :-) Posted Yesterday
fennecby — hey Rod. JAKK seems to be following doc”s orders: much higher on expanding volume since we last spoke of it 2 days ago.
You said: “If price were to extend higher without volume expansion, then it is likely to encounter resistance 8.05 and 9 because that is only a corrective bounce.”
So not being just a bounce, where would it point now? Posted Yesterday
Rod-David — JAKK — The resistance might have changed if this current leg were not the one to extend higher on expanding volume. But it is, so the resistance is the same, they”re just less likely to end the rally. Posted 23 hours ago
fennecby — “this current leg” as opposed to which other? Posted 22 hours ago
Rod-David — As opposed to the hypothetical future high-volume leg Posted 22 hours ago
fennecby — ah. so the words “because that is only a corrective bounce” were referring to the pattern itself rather than to the specific price behavior (higher without expanding volume) within it? Posted 22 hours ago
Rod-David — Bingo! Posted 22 hours ago
fennecby — (-:
And all that”s in the context of a pretty long view of the stock, right? Otherwise, looking at a chart going back just one year, you could say we”re almost at trend-reversal point, rather than just bouncing off of a downtrend, no? Even going back almost 2 years could lead to the conclusion that this is a trendless-stock. Posted 20 hours ago
Brett-ster — Hi Rod, BIIB is now once again probing over 400. Assuming it closes there, is that support? Thanks Posted 14 hours ago
fennecby — hey Rod – NVMI, with 11.50 recovered and resistance at 11.75 passed, both on volume, where might a break of all time highs take us? Is (how?) the huge ascending triangle on the monthly (from Sep 11) relevant for computing a target? Posted 14 hours ago
Rod David — BIIB — Unimpressive volume patterns make the price action around 400 seem more like noise than a break above resistance. So, closing above it wouldn”t be predictive, unless volume were to expand dramatically. Posted 13 hours ago
Rod David — NVMI — I don”t view that price action as a singular pattern, despite it overlapping the same range for so long, and the last low being higher than prior lows. It”s more of an optical illusion. But it”s still accumulative, and already targeting 12.95. Above 13.75 would target 14.85 and 16.90. For now, pullbacks must hold 11.00 to maintain the rally. Posted 13 hours ago
fennecby — thanks Rod. See you later. Posted 4 hours ago
fennecby — VBLT – yet another dead cat bounce? You pronounced it a week ago (May 11: “Looks like a broken stock that is on its way to new lows”), but there”s biotech for you: zombies all around. So how do we judge whether this one”s back among the living? Posted 3 hours ago
Rod David — VBLT — I think you”re referring to one up-day, following a series of down-days, which hasn”t changed the pattern. Posted 3 hours ago
fennecby — not yesterday”s up day but rather May 14th bounce.
previously you were referring to the March bounce which failed; so the assumption is that this one”s no different? Posted 2 hours ago — “Edited”
Rod-David — Whichever surge, none has changed the pattern. It”s vulnerable to reacting up sharply, but probably only temporarily. This pattern is not under accumulation Posted an hour ago
fennecby — got it. this time. finally. i hope.
these surges play mind games with you… Posted an hour ago
fennecby — meanwhile, while on surges – thoughts on OHGI? got no idea if this is another trap or no. Posted an hour ago
Josey — Today a good price to enter long BAK Posted 5 minutes ago
Rod David — OXIS — I”m aware of this being on the “Wolf”s” list, so it should be especially troubling that the basing pattern hasn”t budged, and more so that it is turning back down. I”ve been making the same point for awhile about BLPG, which is down 75% in two months. Posted 3 minutes ago
Rod David — BAK — Closing above 9.60 today would be compelling for long-entry. There might otherwise be support below at 8.85 Posted a minute ago
Rod David — OHGI — Rule of thumb… the more closely that its chart resembles an EKG printout, the less likely there is any reliable pattern. Posted just now
Josey — regards to OXIS, I have seen reverse splits loose 2/3 their price when it happens. Don”t know if it will happen here. Posted just now
Josey — RAD on the move Posted 33 minutes ago —
fennecby — LOL Rod. good point. Posted 29 minutes ago —
Josey — Rod or any other eye”s, Is on balance volume worth watching. I have just started adding it to my charts.
Rod-David — Yes, OBV is a valid indicator. I”m more in favor of Money Flow, which differs in a key way. Where OBV simply adds or subtracts the day”s volume to a running total, Money Flow assigns a percentage of daily volume, determined by the closing price relative to its intraday range.