Saturday Review’s recording (for 2/25/17) … Ruh-roh.
The holiday-shortened week started out on a high note, and then went nowhere — fast. Gapping up and extending higher Tuesday morning quickly established the range’s upper-end by attacking the rally’s 2365.00-2366.00 objective. The balance of the week ranged choppily sideways. Choppily, not noisily, the difference being in its singular legs back-and-forth between opposite ends of the range. Without any recovery closing above the range’s upper-end, but still retracing it, we view buyers as the weak hands. Which means that strong hands are distributing. Ruh-roh.
This week’s Saturday Review explains that relationship in slightly greater detail. At least, with charts. We also compare relative behaviors among the major indexes, and find something not seen for awhile. Something very revealing to the rally’s health. And then several requested stocks (listed below) are analyzed.
The following stock requests were reviewed in this order:
FCX, X, NUE, IBB, AMD, AVGO, AAPL, GS, BID, JPM, TGT, CRM, BBY
02/25/2017 09:31:54 David B: Good Morning
02/25/2017 09:31:56 Bill G: good
02/25/2017 09:32:30 Mark Glezer: gm
02/25/2017 09:34:13 Mark Glezer: 2500?
02/25/2017 09:43:21 Mark Glezer: what is the likeliest ?
02/25/2017 09:54:35 Bill G: State of the Union may be a good catalyst for some kind of either change in direction or acceleration?
02/25/2017 09:55:02 Bill G: y
02/25/2017 09:57:54 David B: FCX,X
02/25/2017 10:03:37 Bill G: IBB
02/25/2017 10:05:33 David B: with the dow up some many days is this index in an up crash?. is this telling us something about the market when this is happening?
02/25/2017 10:06:36 David B: AMD,AVGO
02/25/2017 10:12:37 Mark Glezer: we had super low VIX for months now, do you see this changing anytime soon consdering the normal few months market cycles that end with a spike in VIX?
02/25/2017 10:17:43 Mark Glezer: just volatility in general
02/25/2017 10:17:53 Mark Glezer: right
02/25/2017 10:25:53 Mark Glezer: thx much
02/25/2017 10:26:09 Bill G: Have a good one
02/25/2017 10:26:27 David B: thanks
