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Saturday Review recording (for 12/15/18) …Mind the gap. – If, Then… Market Timing

Saturday Review recording (for 12/15/18) …Mind the gap.

By Rod David | December 15, 2018 - 1:11 pm

Trending down to greet the weekend at recent lows isn’t in itself bearish. But that defines yesterday’s trend and its result. Bearish would be the panoply of characteristics to the downtrending, combined with this being the third test of a critical price level. And bearish would be the potential for resolving down aggressively without further delay.

This week’s Saturday Review describes the bigger picture that led here and which defines this price level’s relevance, along with the possibility of a counter-trend bounce. (Friday’s Market Wrap discusses that session’s setups and signals.)

Watch Friday’s post-market Wrap recording here.
 CLICK HERE TO WATCH SATURDAY REVIEW

The following stock requests were reviewed in this order (the last 8 are from this week’s Barron’s article Top 10 Stock Picks for 2019):
WDC, MU, FDX, ROKU, NKE, ALLY, GOOG, AAPL, BAC, BLK, CAT, DDAIF, DAL, ET

transcript

—————– (12/15/2018 09:33) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

David B: Good Morning

Bill G: gm

Mark G: gm
—————– (12/15/2018 09:49) —————–
jp: gm
—————– (12/15/2018 10:02) —————–
Mark G: extending down to low 2500 atbthis stage would unlikly recover to 2600 any time soon?
—————– (12/15/2018 10:05) —————–
David B: Does the spread between the cash and futures narrower or wider mean anything?
—————– (12/15/2018 10:09) —————–
David B: options expiration week is one of the wild cards this week with the fed and possible goverment shutdown?

Bill G: You consider any rally from here to be just temporary?
—————– (12/15/2018 10:12) —————–
Bill G: Perhaps a Xmas rally into early Jan?
—————– (12/15/2018 10:13) —————–
David B: what happens if no rate cut or he walks back next year?
—————– (12/15/2018 10:18) —————–
David B: WDC
—————– (12/15/2018 10:19) —————–
lloyd: MU, FDX – earnings thurs after close

David B: is ROKU a january candidate?

lloyd: (sorry TUES after close)

lloyd: NKE – earnings thurs after close. thanks

lloyd: i will watch recording.
—————– (12/15/2018 10:28) —————–
Adam: Was there a market wrap last night?
—————– (12/15/2018 10:32) —————–
David B: it seems like this is a market where rallies are being sold. Is there something that will tell us if it starts to be market on buy the dips?

David B: Yes
—————– (12/15/2018 10:37) —————–
David B: will we know strong or weak buyers?
—————– (12/15/2018 10:41) —————–
Mark G: thx much

David B: AMAT

Bill G: That’s the 2018 list
—————– (12/15/2018 10:43) —————–
Bill G: y
—————– (12/15/2018 10:56) —————–
Bill G: The guy who made that list only looked at the first seven letters in the alphabet?

David B: Thanks

Bill G: Thanks

Posted in Bigger Picture, Market Wrap, members-only, S&P, Saturday Review