Saturday Review’s recording (for 3/17/18) …Complacency, or anxiousness?
Expiration came and went with barely a whimper. Inside Days aren’t unusual, but their rare for expirations. Not just an Inside Day, but the same range that began forming Wednesday afternoon, either from complacency or anxiousness. So, how does that affect the up into next week’s FOMC policy statement, with what might be the year’s first rate hike? Will the break back under 2758-2770 finally be exploited, or try to be exploited by then? Will 2813 and higher be put back into play? Can the 1987-style crash analog re-sync?
These are some of the questions and topics discussed during this weekend’s Saturday Review. Several of the week’s interesting setups and influences are also described, along with specific likelihoods and strategies for Sunday night and Monday morning’s possible opens.
The following stock requests were reviewed in this order:
MU, NKE, PACB, ETP, AMD, CY, FDX, CARA, ARNA, AMD, CY, CVGW, AXGN, WIX, AGN
—————– (03/17/2018 09:32) —————–
jp: gm
David B: Good Morning
Bill G: gm
—————– (03/17/2018 09:34) —————–
ljr ipad: q: do u see 2018 as being in a wide range (in general)…different than 2017 grind up
—————– (03/17/2018 09:57) —————–
Bill G: fwiw, I’ve been keeping a Demark count that had the first phase (setup) completed on the low Feb 9th. The setup phase( 13 closes less then the low two days earlier) currentlly 8 completed requiring 5 more.
—————– (03/17/2018 09:59) —————–
ljr ipad: we barely filled the gap on mar 9…optimism?
—————– (03/17/2018 10:01) —————–
ljr ipad: actually looks filled from 9 min chart
—————– (03/17/2018 10:05) —————–
ljr ipad: stocks: Earnings this week: MU, NKE, FDX
ljr ipad: (positions of strength/weakness?)
Bill G: Should be countdown phase
Ryan 2: PACB, ETP and CARA
—————– (03/17/2018 10:11) —————–
ljr ipad: mu. Thursday
ljr ipad: tues I think
ljr ipad: thurs for nke
ljr ipad: fdx earnings tues
David B: AMD,CY
—————– (03/17/2018 10:21) —————–
ljr ipad: CVGW, new ath
ljr ipad: (stop and upside levels)
Ryan 2: thanks
—————– (03/17/2018 10:25) —————–
ljr ipad: AXGN new ath. stop or upside objectives. thx
—————– (03/17/2018 10:36) —————–
ljr ipad: if you have time: WIX, AGN (no positions)
—————– (03/17/2018 10:47) —————–
ljr ipad: thx for today
David B: Thanks
Bill G: have a good one
