Saturday Review’s recording (for 1/12/19) …No shortage of catalysts.
Yearly earnings begin this week, which also includes monthly expirations. All against the backdrop of a government shutdown and ongoing trade negotiations with China. Do those bricks comprise the proverbial Wall of Worry that this recent rally has been climbing? And if this rally is only a temporary corrective bounce, then where is it likely to end, and how will we know it has ended? These questions and more are answered during this week’s Saturday Review.
The following stock requests were reviewed in this order:
JPM, WFC, WDC, GE, GS, MS, RYE, FDX
transcript
Rod David: -=-=-=-
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.
jp: gm
Bill G: gm
David B: Good Morning
—————– (01/12/2019 09:36) —————–
Mark G: gm
—————– (01/12/2019 09:47) —————–
ljr iPad: pivot reversal applies to stocks too?
ljr iPad: :)
—————– (01/12/2019 10:01) —————–
David B: because of option expiration will it still leave questions unanswered either up or down?
David B: because of what option expirations can do
—————– (01/12/2019 10:04) —————–
Bill G: This option ex unusual since the following Mon is a holiday.
—————– (01/12/2019 10:05) —————–
ljr iPad: stocks: JPM WFC earnings tues morning.
Mark G: FWIW general perception that the rally may persist thru March with VIX coming down fast until we get China resolution & brexit news that may turn things around
David B: will some of the earlier reports to earnings and reactions important on how the market reacts for the next move?
ljr iPad: GS: earnings wed morning.
David B: yes
ljr iPad: MS: thurs morning
ljr iPad: thx
—————– (01/12/2019 10:09) —————–
David B: if we see bad news react positive means they were priced in?
—————– (01/12/2019 10:11) —————–
Mark G: AAPL’s warning followed by a very bearish day, Similar warning by smb else now may not have that effect
—————– (01/12/2019 10:13) —————–
ljr iPad: would news related pop or drop need to be retraces? ie shutdown or China?
—————– (01/12/2019 10:14) —————–
Mark G: right
Mark G: I mean a dip that is being bought
—————– (01/12/2019 10:18) —————–
David B: WDC,GE
—————– (01/12/2019 10:29) —————–
Bill G: RYE equal wt energy etf. At resist?
—————– (01/12/2019 10:33) —————–
Bill G: pbl or stop on GE?
—————– (01/12/2019 10:34) —————–
David B: FDX
—————– (01/12/2019 10:41) —————–
Bill G: Near .382 of May high and 50day ma also
—————– (01/12/2019 10:45) —————–
Mark G: more reliable pivot reversal would start reversing aftre 11:30?
—————– (01/12/2019 10:49) —————–
David B: yes
Mark G: thx much
Bill G: Have a good one
David B: Thanks
