Saturday Review’s recording (for 4/28/18) …Delayed reaction.
This week was interesting. Price action defines it as dipping sharply and recovering it all, while testing and holding a corrective bounce limit. Surrounding the action was the usual headlines, which has come to include a constantly falling Dollar, and also the first week of the quarterly earnings onslaught, which Barron’s says 80% of reporting companies beat estimates.
There was also a degree of anticipation for the coming week. Exemptions on some trade tariffs is expiring, the FOMC meets after last week’s ECB and BOJ meetings, ending in Friday’s Employment Situation report. And week-two of the quarterly earnings onslaught.
Where will price and price action be when greeted by the FOMC and payrolls catalysts? Will the corrective bounce limit hold, or extend? What are the price behaviors and levels that will be predictive of either? We address these topics and more in this weekend’s Saturday Review…
The following stock requests were reviewed in this order:
TSM, NVDA, QCOM, INTC, AMD, AMZN, SHOP, MCD, SQ, BABA, FEYE, TSLA, CMG, WDC, OLED, GE
transcript
—————– (04/28/2018 09:32) —————–
Rod David: -=-=-=-
David B: Good Morning
Bill G: gm
Rod David: Welcome to Saturday Review
—————– (04/28/2018 09:59) —————–
David B: AMZN,AMD
ljr ipad: SHOP, MCD
—————– (04/28/2018 10:01) —————–
ljr ipad: SQ, BABA
—————– (04/28/2018 10:02) —————–
ljr ipad: FEYE, TSLA(pos of weakness or strength)
ljr ipad: no position no in any.thx
—————– (04/28/2018 10:05) —————–
ljr ipad: I’ll watch recording. thx
—————– (04/28/2018 10:15) —————–
David B: CMG,WDC
—————– (04/28/2018 10:36) —————–
ljr ipad: one more plz; OLED
—————– (04/28/2018 10:42) —————–
ljr ipad: earnings this week
ljr ipad: short?
—————– (04/28/2018 10:44) —————–
ljr ipad: thx for all.
—————– (04/28/2018 10:47) —————–
David B: Thanks
Bill G: thx