Saturday Review’s recording (for 10/8/16) …
If there were such a thing as “inside week,”. then last week would have qualified. It developed exclusively within the prior week’s range. So, it has created some new support and resistance that has its own influence and predictive value. We discus that during this week’s Saturday Review, and the bigger picture, along with instant chart analysis of the stocks listed below.
The following stock requests were reviewed in this order:
QCOM, AAPL, CBI, VEEV, GDXJ, EGDFF
10/08/2016 09:35:42 MK: this is the 4th double inside week in the past 20 years
10/08/2016 09:35:58 MK: 2 happened in 2000 near the top
10/08/2016 09:36:08 MK: 1 in 2008 near the top
10/08/2016 09:36:11 MK: and now
10/08/2016 09:37:07 MK: the previous occruances had one last higher high that sealed the top
10/08/2016 09:37:31 MK: occurrences
10/08/2016 09:54:57 MK: can you also do TFZ6?
10/08/2016 09:55:05 MK: RUT has outperformed recently i think
10/08/2016 09:57:59 MK: ok
10/08/2016 09:58:00 MK: thanks
10/08/2016 09:58:07 MK: didn’t realize the chart didn’t look that great
10/08/2016 09:59:08 MK: yeah
10/08/2016 10:01:41 MK: QCOM
10/08/2016 10:01:44 MK: AAPL
10/08/2016 10:03:14 MK: CBI
10/08/2016 10:10:48 MK: VEEV
10/08/2016 10:11:01 MK: At some point i’d like to buy CBI
10/08/2016 10:14:31 MK: This is a short idea
10/08/2016 10:17:17 MK: yes
10/08/2016 10:17:30 MK: EGDFF
10/08/2016 10:17:33 MK: if you don’t mind
10/08/2016 10:18:53 MK: RE: GOLD i read somewhere that the 3x levered stoks had something to do with the “severity”
10/08/2016 10:18:59 MK: of this gold move
10/08/2016 10:19:04 MK: tail wagging the dog so to speak
10/08/2016 10:19:52 MK: just talking about gold
10/08/2016 10:19:54 MK: in general
10/08/2016 10:22:09 MK: have a good one
10/08/2016 10:22:52 Mark Glezer: thx!