Saturday Review’s recording (for 7/16/16) …
Did Turkey’s failed coup attempt affect the bigger picture, let alone the bullish WedEX that seemed influential Friday afternoon? What are the week’s likely scenarios and paths? We address these and other questions during this week’s Saturday Review, while reviewing the many technical and chart setups that repeat often in the market.
The following stock requests were reviewed in this order:
GDX, GDXJ, AMZN, VZ, PM, RAI, HLF, STZ, VRX, X, FCX, RARE
07/16/2016 09:30:13 G: good morning
07/16/2016 09:30:59 David B: good morning
07/16/2016 09:58:35 David B: do you think earnings have already been discounted in the market?
07/16/2016 10:02:16 David B: so this rally has been anticipation of these earnings?
07/16/2016 10:02:38 Mark Glezer: FOMC is not until the following week, has to be another even that triggers a big move if it happens ?
07/16/2016 10:02:47 Mark Glezer: event
07/16/2016 10:03:53 David B: what will tell us that distribution is starting. what it be a certain closing level?
07/16/2016 10:05:33 David B: will it be a certain closing level
07/16/2016 10:07:59 David B: is there a level closed above that would confirm a bull market?
07/16/2016 10:09:05 David B: not strong hands driving this?
07/16/2016 10:09:14 David B: ok
07/16/2016 10:13:08 David B: AMZN,VZ
07/16/2016 10:13:14 Josey: PM, RAI
07/16/2016 10:15:15 ljr: HLF STZ short
07/16/2016 10:15:59 ljr: RARE long plz
07/16/2016 10:16:08 ljr: I’ll watch recording
07/16/2016 10:21:27 Mark Glezer: VRX – a lot of talks about it going to zero
07/16/2016 10:26:22 Josey: Yes
07/16/2016 10:26:41 William: Sterling : need to print a new low before rebounding more strongly ?
07/16/2016 10:28:58 David B: X,FCX
07/16/2016 10:45:00 Mark Glezer: thx much
07/16/2016 11:02:32 William: perfect as always, thanks
07/16/2016 11:02:36 Josey: Thank you!
07/16/2016 11:02:47 David B: thanks