Saturday Review’s recording (for 6/18/16) …

First, let me apologize again for the inadvertent sending of 40 emails when the new site design was updating. Its cause is known, so don’t worry about it repeating…

Testing the decline’s target allows a bottom to form. It also allows the decline’s sponsorship to refuel. Which one does Thursday’s bounce represent, and how can we detect the difference and position for it?

This weekend’s Saturday Review addresses those questions and more. Along the way, we apply examples of similar setups to compare and contrast current conditions. Stock requests were reviewed.

CLICK HERE TO WATCH

The following stock requests were reviewed in this order (the last two are available separately by clicking on them):
GDX, ALB, ECPG, GROW, HTM, AAPL, MERC, POT, PRAA, ABTL, AMZN, BWLD, CACC, EQIX, INTC, POOL, UPS, BBRY, CSCO

06/18/2016 09:31:22 Mark Glezer: gm
06/18/2016 09:31:23 sm: audio good
06/18/2016 09:31:23 David B: Good morning
06/18/2016 09:32:20 Mark Glezer: yep
06/18/2016 09:32:23 David B: yes
06/18/2016 09:32:25 sm: : )
06/18/2016 10:06:08 sm: Sorry to ask this again…why is it that the unified move higher of all three markets would be a bearish indicator in the current context?
06/18/2016 10:09:39 David B: has the market discounted enough should there be a brexit? it does no seem so. would you expect a big rally if no exit?
06/18/2016 10:13:29 sm: Does that move higher need to test the highs…or would a test of the 61.8 rettracement of the downleg be adequate?
06/18/2016 10:16:40 MK: .0005% chance that leave actually wins
06/18/2016 10:16:44 sm: In other words, if the markets display a unified move higher into the 61.8 level, would that be a time for caution, or is a unified test of the highs required to send the bearish message?
06/18/2016 10:16:48 MK: its ridiuclous that this keeps happening
06/18/2016 10:17:08 MK: short gold
06/18/2016 10:17:13 MK: i think is the trade over long markets
06/18/2016 10:17:17 MK: if remain wins
06/18/2016 10:18:15 MK: yes rounding up
06/18/2016 10:18:21 MK: Exactly
06/18/2016 10:20:35 sm: Answer has been muddled
06/18/2016 10:20:56 MK: Long List
06/18/2016 10:21:01 MK: ALB
06/18/2016 10:21:06 MK: ECPG
06/18/2016 10:21:08 MK: GROW
06/18/2016 10:21:11 MK: HTM
06/18/2016 10:21:12 MK: MERC
06/18/2016 10:21:19 MK: POT
06/18/2016 10:21:20 MK: PRAA
06/18/2016 10:21:24 MK: Short List
06/18/2016 10:21:29 MK: ABTL
06/18/2016 10:21:30 MK: AMZN
06/18/2016 10:21:32 MK: BWLD
06/18/2016 10:21:36 MK: CACC
06/18/2016 10:21:41 MK: EQIX
06/18/2016 10:21:43 MK: INTC
06/18/2016 10:21:45 MK: POOL
06/18/2016 10:21:50 MK: UPS
06/18/2016 10:26:03 MK: =)
06/18/2016 10:27:57 MK: if it gets to 94 its going to 100 no?
06/18/2016 10:29:59 MK: so i’ll stop out on aclose under 22.50
06/18/2016 10:38:18 MK: OH can you do Bitcoin
06/18/2016 10:38:45 MK: bought a bunch at 450
06/18/2016 10:38:54 MK: already banked my principal
06/18/2016 10:39:10 MK: yes
06/18/2016 10:40:10 MK: ha
06/18/2016 10:50:15 MK: Autos
06/18/2016 10:52:33 MK: You talked me out of it in late march
06/18/2016 10:52:44 MK: selling it
06/18/2016 10:52:54 MK: i’m inclined to ignore your advice now =)
06/18/2016 10:54:23 MK: what is the 161.8
06/18/2016 10:54:32 MK: thanks
06/18/2016 10:54:53 MK: meh ignore INTC
06/18/2016 10:54:57 MK: thats a boring chart
06/18/2016 11:00:49 MK: have a good one
06/18/2016 11:00:57 David B: thanks
06/18/2016 11:01:01 MK: i missed the general market tour
06/18/2016 11:01:05 MK: i’ll watch recording
06/18/2016 11:01:10 MK: and ask questions on monday
06/18/2016 11:01:40 Josey: Ty