Saturday Review’s recording (for 1/26/19) …Range-bound week.
The week ended with a retest of last Friday’s close, which was the highest close of the current bear market rally. So, did the week’s interim sellers accomplish nothing? They did chip away at support, which will be relevant if ever retested. Did the week’s buyers accomplish anything? They did neutralize the attraction above back to the prior Friday’s gap. Otherwise, nothing developed that makes either direction more likely than the other. But those signals were clarified, and we describe them during this week’s Saturday Review.
The following stock requests were reviewed in this order:
GE, AMZN, LMT, MMM, SBUX, V, AAPL, AMD, ALGN, MSFT, FB, TSLA, NOW, MA, UPS, FDX
transcript
—————– (01/26/2019 09:31) —————–
Rod David: Welcome to Saturday Review… Please post questions and comments as they occur to you.
David B: Good Morning
ljr: gm
Adam: hi
Mark G: gm
ljr: shutdown over gap up?
—————– (01/26/2019 09:35) —————–
ljr: yes
ljr: oh, was not watching.
—————– (01/26/2019 10:04) —————–
Mark G: any time expectation how long a move to retest the Dec low develops?
—————– (01/26/2019 10:06) —————–
David B: it seems this week that market did not really care about the china news. do you think the market has priced in?
ljr: is there any relevance to 2018 jan top being almost 1 year ago?
—————– (01/26/2019 10:09) —————–
David B: so this move up since jan has been weak hands?
—————– (01/26/2019 10:11) —————–
David B: are we going to need to see the nasdaq under perform which will start to tell us the bear market rally is over?
—————– (01/26/2019 10:13) —————–
David B: it seems like speculation is back with semi conductor stocks really out performing?
—————– (01/26/2019 10:15) —————–
David B: GE,AMZN
ljr: LMT, MMM (Tues pre-open)AAPL, AMD, ALGN (tues close)
David B: SBUX,V
—————– (01/26/2019 10:18) —————–
David B: is $ 9.00 on GE a key level for a break out?
—————– (01/26/2019 10:26) —————–
ljr: LMT earnings this tues
ljr: yes
—————– (01/26/2019 10:33) —————–
ljr: MSFT, FB, TSLA,NOW (earnings Wed close)
—————– (01/26/2019 10:36) —————–
ljr: V earnings this week i believe
—————– (01/26/2019 10:47) —————–
ljr: MA, UPS (both Thurs pre-open)
ljr: thx
David B: FDX
—————– (01/26/2019 10:51) —————–
ljr: thx for today.
—————– (01/26/2019 10:54) —————–
David B: Thanks
Mark G: thx much
