Saturday Review’s recording (for 4/9/16) … Still waiting for one more shoe.
The ongoing trading range keeps alive potential for a deeper dip before resuming the rally. During this weekend’s Saturday Review, we discussed how to know determine whether that dip is underway, or being rejected, and the extent that each could reach.
Sponsorship for those competing paths will be well fed by a specially scheduled FOMC meeting and quarterly earnings. Knowing the context will help to make faster and more reasoned decisions in real-time.
The following stock requests were reviewed in this order:
POT, CF, HOV, KO, MCD, HTM, CACC, FCX, X, HOG, SIVB, CRUS, FB, SBUX
04/09/2016 09:30:38 David B: Good Morning
04/09/2016 09:30:40 sm: audio good
04/09/2016 09:41:50 MK: 201/22 is prior lows?
04/09/2016 09:41:56 MK: 21/22 is prior lows no?
04/09/2016 09:55:17 MK: POT & CF
04/09/2016 09:55:25 MK: HTM
04/09/2016 09:55:35 MK: CACC
04/09/2016 09:55:37 MK: HOG
04/09/2016 09:55:40 MK: SIVB
04/09/2016 09:55:46 MK: CRUS
04/09/2016 09:55:49 MK: FB
04/09/2016 09:57:23 David B: any thoughts on the fed emergency meeting effecting stocks?
04/09/2016 09:59:14 David B: Are earnings already discounted in the market and earnings beats will reflect stocks to rally?
04/09/2016 10:07:49 MK: re:POT is that too far of a pullback
04/09/2016 10:07:56 MK: i’m long right around 16
04/09/2016 10:08:08 MK: with a close back under lows
04/09/2016 10:11:13 MK: yup
04/09/2016 10:11:14 MK: nevermind
04/09/2016 10:11:45 Josey: HOV
04/09/2016 10:14:22 Josey: long
04/09/2016 10:15:03 David B: KO,MCD
04/09/2016 10:18:30 MK: I feel ike KO is the ultimate CYA stock
04/09/2016 10:22:03 David B: FCX,X
04/09/2016 10:25:14 MK: can i press this?
04/09/2016 10:25:25 MK: ok
04/09/2016 10:25:28 MK: i’ll press on monday
04/09/2016 10:25:33 MK: i’m good with that
04/09/2016 10:26:53 MK: SBUX
04/09/2016 10:33:21 MK: sweeet
04/09/2016 10:33:23 MK: go lower
04/09/2016 10:34:30 MK: thats fine
04/09/2016 10:37:13 David B: with the fed,earnings,and options expiration it might be difficult to say which way the trend is going?
04/09/2016 10:44:25 David B: never know which the market will focus on?
04/09/2016 10:47:53 Josey: earning have been lowered so much that I would think we rally
04/09/2016 10:50:10 Josey: Thank you!
04/09/2016 10:50:19 David B: thanks
