Ready for Livestox? We”ll start

Ready for Livestox? We”ll start at 12:15pm ET, at
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

Our initial focus will be the broader market, which has had an interesting week, and has some interesting weeks ahead of it. Gold just met my longstanding target, so its discussion today will be of special interest. Crude Oil has some interesting challenges that we”ll discuss, too… I”ll review the cannabis sector, last week”s big GWPH reaction down, and other high-profile issues like GPRO, BABA, NFLX, etc.

IF UNABLE TO ATTEND, PLEASE POST ANY STOCK CHART ANALYSIS REQUESTS TO THIS THREAD.

Want to teleconference? Let me know you”re using this:
1-605-562-0020
Meeting ID 976-912-682 #

Here”s all recent activity feed posts so they can be included in search results.
Miss Kitty — Having reached its 132 target, is now the time to short GWPH? If not, what will be the signal? Posted 1 week ago — “Edited”
Rod-David — GWPH — The closing price is needed for the calculation of where momentum begins reversing down. I discussed this during Livestox so you”ll soon see the chart… probably that level will be above 124.50 Posted 1 week ago
fennecby — is CRM busted, having closed over 74 for a couple of days, but now breaking below? Posted 1 week ago
Rod-David — CRM — Still in a series of higher highs and higher lows. The nearest prior low is 70.75 whose break would only begin to suggest the upside momentum is lapsing Posted 1 week ago
fennecby — thanks. where would be a good entry on RDHL, for a longer term position? Posted 1 week ago
Rod-David — RDHL — This is that `17.05 pullback limit discussed last week, since the breakout wasn”t confirmed. Posted 1 week ago
fennecby — are you expecting it to slide back there? Posted 1 week ago
Rod-David — It did already, didn”t it? Posted 1 week ago
Rod-David — That was the pullback limit I identified when you asked about it while the breakout was being attempted. Now it has been tested. It must hold to maintain near-term potential for resuming the rally. Today”s question is about a good entry for a longer-term position, but my approach is to identify the maximum pullback limit, which is now in the process of being tested. Posted 1 week ago
fennecby — yes it did, but I dropped the ball (-:
Wrote down a 17.8 level you identified earlier and mistook that for the pullback limit, then was concerned with its break. Posted 1 week ago
Rod-David — Got it. The level doesn”t change, it”s still 17.05, which is the pullback limit. Here”s the original parameters: “RDHL — Yesterday was a breakout. A second consecutive higher close would confirm. That higher close would preferably be above yesterday”s 22.22 high, or above 21.60, but at least above the 20.90 target. Its potential would be to 23.75 or 28.35. Meanwhile, dipping first must hold 17.05, to maintain the rally”s momentum.” Posted 1 week ago
Jo B — catching up now. thanks Rod. cool news about Tweed buying Bedrocan right? that”s if the deal goes through! Posted 1 week ago
Jo B — ROD, is there a potential bottom in sight for MINE? also since they have 3 billion shares in the float, it”s hard for it to move , is that correct? and when they issue so many shares is a reverse split inevitable? thanks for ur help Posted 1 week ago
Scotty B — Thanks for the AMBA coverage, I learned something new! Posted 1 week ago
Rod-David — MINE — There is still nothing positive about this pattern. Breaking under .0034 recently was a new development that makes November”s .0022 low likely to break, too… There is no inevitability of a reverse split. And as that would have no bearing on valuation, any favorable reaction to the event would likely disappear if it were done during a downtrend. Posted 1 week ago
Scotty B — Thanks for the review on USO. As you know I like individual names. I accumulated WLL in the low 33”s, and now started accumulating BP. Quetion, it looked like BP held a recent relevant level of $40, and seems to be moving up on avg volume. Is continued recovery on average volume adequate confirmation of the momentum continuing in the relevant direction? (in this case up)? Posted 1 week ago — “Edited”
Boston — Hi Rod INSY…….2nd day of dipping down, bounced up @ $36.40 is this a good time to buy? Posted 1 week ago
fennecby — AERO been cooking something last few days.
Earnings end of month.
Last quarter netted $1M (market cap = $20M).
Anyone watching this?
And Rod – does this look like an improving chart? Posted 1 week ago
Rod-David — BP — Recovering on average volume is not a dis qualifier, except when needed to confirm a breakout or a support test. BP is not far off its lows, and only now breaking above a resistance. Volume is expanding, so the only other condition needed is for a second consecutive higher close Posted 1 week ago — “Edited”
Rod-David — INSY — The last stock I reviewed during yesterday”s Livestox was AMBA, and the situation is similar. Reversing down sharply has soon become gapping, and the low is essentially a “Falling Knife.” Any bounce is likely to be only temporary, so there is no urge to begin building a position. If looking for a quick scalp, there is a 34-35.30 consolidation from the rally that can offer temporary support. Posted 6 days ago
Rod-David — AERO — Looks like a massive Descending Triangle dating back to October”s low, a low that continually attracts price down before bouncing, and which is now producing a bounce from its most recent test. Tough to form a bottom having chipped away so substantially at support. But there is resistance up to 3.55 area and closing above it could trigger a bigger temporary bounce. Posted 6 days ago
fennecby — Thanks. Posted 6 days ago
Jo B — thanks Rod. Posted 6 days ago
guanito — Tku. Posted 6 days ago
fennecby — AMBA – never been in, but the analysis was very informative! Posted 6 days ago
Scotty B — Looking at MRO, $26 held and is on it”s 4th day of a climb on expanding volume. Does the 3 day climb apply for confirming a trend reversal up for going long? Does $27 or $28 need to be pierced on good volume to confirm up trend reversal? Posted 6 days ago
Rod-David — GWPH — With the past two sessions” tests of 132 holding through their closes, now closing back under 127.20 would signal a top is forming Posted 6 days ago
Rod-David — MRO — I”m not familiar with a 3-day trend confirmation rule, but I do like the volume patterns during these attempts to probe under 127 that keep returning to 127. Further expanding volume on a probe above 127 would be credible for attacking 28.75 Posted 6 days ago
Scotty B — MRO: Thanks, decided to pull trigger @$26.60 this morning. Will watch and hold for a run above $27 to accumulate more. Posted 6 days ago
Scotty B — Thanks again for AMBA analysis, jumped back in yesterday at the $103 confirmation. Will watch closely for any weakness. Posted 6 days ago
Scotty B — USCR: Thanks again for parameters on that one with a $36.50 pull back target before accumulating more. You nailed that. Posted 6 days ago
Rod-David — ;) Posted 5 days ago
Josey — Hi Rod, Today a good day to go long on CYBR? Also FEYE to go long 44.00? (not yet there) TY Posted 5 days ago
Josey — I noticed on ECIG that the money flow is going up, time to nibble, or is this one dead. Posted 5 days ago
Rod-David — CYBR — I would consider buying above 722.75. Meanwhile, my focus is more on whether to sell under 67.55-69.45. Closing any lower would put into play the mid to low-50”s Posted 5 days ago
Rod-David — FEYE — I”ll consider buying above 52, or upon having a chance to assess a test of 45. Posted 5 days ago
Rod-David — ECIG — It”s possible this recent test of .26 has satisfied selling pressure. So, nibbling here with a stop at new lows would be the appropriate strategy for bottom-fishing this pattern. Otherwise, waiting for a close above .37 would help to limit risk. Posted 5 days ago
casjf — KMI – support? Posted 5 days ago
Rod-David — KMI — Support is 38.38, being retested now Posted 5 days ago
Jo B — thanks Rod Posted 5 days ago
guanito — Tku Posted 3 days ago
Rod-David — The Greece spectacle is not having the effect on post-open action that it had overnight. But there”s no assurance 45 minutes past the open that the bounce isn”t just refueling sellers for another run at the overnight lows. Entering the noon hour above Friday”s lows would be bullish, and anything lower is vulnerable to resuming the decline… Posted 3 days ago
Rod-David — GWPH, NFLX, and BABA are the most unattractive charts that I follow. Their closing in positive territory today would be a good indicator of this storm having passed for the near-term. Otherwise, all three failing to recover would suggest that speculative money is leaving the building, and waiting to re-enter at much lower levels. Posted 3 days ago
Miss Kitty — This is very helpful to know. Please keep us posted on these stocks going forward. Posted 2 days ago
Jo B — anytime Cramer talks about GWPH is a good time to sell! Posted 2 days ago
casjf — I agree Jo B — LOL Posted 2 days ago
Brett-ster — Rod, with the broader market taking a dive because of Greece, do you see any good bottom-fishing opportunities? Or is it too soon to buy? I guess this sell-off could go on all week. Posted 2 days ago
Brett-ster — APH bucking the trend and running on volume.. Posted 2 days ago
fennecby — SPXS time? Posted 2 days ago
Rod-David — Yes, too soon to buy generally Posted 2 days ago
Brett-ster — Got it, thanks Posted 2 days ago
casjf — support for IYT? Posted 2 days ago
Rod-David — IYT — Support for a potential quick bounce around 145 or 142. But that is not at all a bottom Posted 2 days ago
casjf — Thanks, Rod! Posted 2 days ago
Scotty B — I am hearing good scuttlebutt on BNRDF and TWMJF. Both look like they are coming out of the bottom, but they are thinly traded, which I do not like at all. Rod do you see any momentum in either on to the upside? Posted 2 days ago
guanito — Good morning Rod – Did CARA get carried away yesterday? Thanks. Posted 2 days ago
guanito — it”s on a retracement level now. Posted 2 days ago
casjf — Support & resistance for KITE? Posted 2 days ago
Rod David — BNRDF/TWMJF — While their reactions up are impressive for their relative strength to the sector, that is artificially induced by their merger. Not so impressive is that the reactions stopped short of recovering a prior high, so their downtrends remain intact. Actually, BNRDF was a little stronger, so that would be my preference between the two if forced into either. Posted 2 days ago
Rod David — CARA — Yesterday”s late low around 10.95 was a 61.8% retracement of the recent rally leg. That”s potentially just noise in the range, and also a correction that can launch a new upleg. Posted 2 days ago
Rod David — KITE — Back above 63.35 and 65.15 would signal a new upleg underway targeting 82.50. Pullbacks meanwhile must hold 59.35-60.15. Posted 2 days ago
guanito — Tku! Posted Yesterday
casjf — TWTR – rumors circulating causing pop today. Support & resistance? Posted Yesterday
Rod-David — TWTR — Resistance starts about here at 35.75 and runs up to 36.50-36.65. Posted Yesterday — “Edited”
kit650kr — YO ROD! can you set resistance for TIK plz? Posted Yesterday
Rod-David — TIK – Resistance against trending higher is in the 5.97-6.20 area. High-volume closes above it would become increasingly likely to launch a rally targeting 8.50 and 10:15. There is otherwise no rally underway. Posted Yesterday
casjf — KMI – Does this count as a double bottom? Do you think the odds are better than 50-50 that it will break the $38.38 support and fall to a different support level? Posted Yesterday
Rod-David — KMI — As a rule of thumb, the odds are ALWAYS greater that the prevailing trend will extend. “The trend is your friend.” Meanwhile, I would point out that the 6/12 and 6/15 spikes down are suspicious, and the actual prior low is 38.85-38.90… which started being probe last Thursday. Posted 23 hours ago
guanito — Hi Rod – Took profits in CARA. Wondering where it”s going next? Looking to pick up some more at the 12.50 level? Thanks. Posted 23 hours ago
casjf — Thanks, Rod Posted 23 hours ago
sal2 — FIT and GPRO Rod please? Kinda early but does FIT have a lot of support around $37-38? Posted 23 hours ago
guanito — 12.30 methinks Posted 23 hours ago
Jo B — hey Rod, will there be a livestox today? Posted 23 hours ago
Rod-David — Livestox is tomorrow Posted 22 hours ago
Rod-David — CARA — Regardless of the path, new highs remain in-play at 14 and 15.10 Posted 22 hours ago
Rod-David — FIT — Near-term support is 39.95. Its break would likely target 36 whose break would put into play new lows Posted 22 hours ago
Jo B — oh cool. thanks. is it possible to add OCFN to the Universe list? Posted 22 hours ago
Rod-David — GPRO — Big support at 49.75-50.75 whose break would 44 and 40.75. Ending the current pullback and resuming the rally depends a lot on quickly closing back above 54.25 and 56 Posted 22 hours ago
Rod-David — OCFN — Omega? There is no pattern here Posted 22 hours ago
Josey — Hi Rod and all. I”m on tour again and have limited communications. Are things falling apart out there? What up, Greece or? Any concerns will check back when I can. Posted 21 hours ago — “Edited”
Rod-David — The market is up strongly today on the potential for kicking the Greece can down the road again, despite a deadline having passed yesterday. Posted 19 hours ago
Jo B — oh thanks Rod. Greece is shot. the jobs reports is better in June because of summer jobs for kids. so.. same ol I guess. not sure why the markets have to close tomorrow since it”s only july 3, but this would make it a market Friday I guess? Posted 59 minutes ago