Saturday Review’s recording (for 5/7/16) … Opportunity’s knocking, gently.

By Rod David | May 7, 2016 - 1:11 pm

Friday’s pre-open and post-open lows tested and held the ongoing decline’s next lower objectives. Reacting back up into the close stopped short of signaling the decline’s momentum had ended, let alone that momentum is reversing up. Monday’s open could still do that by proxy. And if it doesn’t…

We discussed relevant levels for either outcome during this weekend’s Saturday Review.

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The following stock requests were reviewed in this order:
CACO, TSLA, ULTA, GROW, GOOGL, NUGT, SWFT, URI, CRUS, AXP, PODD

05/07/2016 09:31:17 David B: Good Morning
05/07/2016 09:53:32 sm: slope cut in half?
05/07/2016 09:53:36 MK: ULTA
05/07/2016 09:53:49 sm: o
05/07/2016 09:53:50 sm: k
05/07/2016 09:53:59 MK: GROW
05/07/2016 09:54:06 MK: SWFT
05/07/2016 09:54:11 MK: URI
05/07/2016 09:54:13 MK: CRUS
05/07/2016 09:54:22 tom: GOOGL,NUGT
05/07/2016 09:55:13 MK: yes
05/07/2016 10:01:25 MK: AXP
05/07/2016 10:14:25 MK: wow should have bought NUGT rather than my actual stocks
05/07/2016 10:17:51 tom: ok thx
05/07/2016 10:26:20 MK: that good enough for a top?
05/07/2016 10:28:49 MK: ok thanks
05/07/2016 10:29:29 MK: OK
05/07/2016 10:29:30 MK: sounds good
05/07/2016 10:29:33 MK: have a good weekend
05/07/2016 10:29:47 MK: oops
05/07/2016 10:29:47 MK: yes
05/07/2016 10:29:49 MK: AXP
05/07/2016 10:29:50 MK: thanks
05/07/2016 10:29:55 MK: i’m short
05/07/2016 10:30:03 MK: ok
05/07/2016 10:30:41 Josey: PODD
05/07/2016 10:30:50 MK: thanks again
05/07/2016 10:31:18 MK: oh i have anohter
05/07/2016 10:31:20 MK: SRCL
05/07/2016 10:32:10 MK: JOSEY is that a long or a short?
05/07/2016 10:34:53 Josey: yes
05/07/2016 10:35:06 Josey: Long MK
05/07/2016 10:35:15 MK: have a good one

Posted in Bigger Picture, members-only, Saturday Review