Saturday Review’s recording (for 1/5/19) …That’s going to leave a mark.
The Christmas low had reacted up considerably before ranging sideways into year-end. And the new year’s first week threatened to start retracing the post-Christmas rally. Instead, the rally may have resumed.
What if it has resumed, and what if it hasn’t, actually? What levels and behaviors will tell us either way? And what is already predictable, or reliable, or likely as the market’s next step Monday?
These questions, and many more that were asked by attendees, are addressed during this week’s Saturday Review.
The following stock requests were reviewed in this order:
WDFC, AAPL, GE, SYMC, UA, WDC, MDB, MSFT, FB
transcript
—————– (01/05/2019 09:31) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.
Mark G: gm
Bill G: gm
David B: Good Morning
—————– (01/05/2019 09:35) —————–
jp: gm
ljr iPad: gm
—————– (01/05/2019 09:48) —————–
Mark G: v-bottom suggests that the decline may not be over?
—————– (01/05/2019 09:52) —————–
Mark G: what is the most likely outcome?
—————– (01/05/2019 09:58) —————–
David B: is a session long decline or rally session be viewed differently because this was on a friday?
—————– (01/05/2019 10:00) —————–
David B: was the market discounting thursday the unemployment report is part of the rally for friday?
—————– (01/05/2019 10:01) —————–
Mark G: what is the most likely outcome?
—————– (01/05/2019 10:02) —————–
David B: if the fed did not speak and it was just the job number we may not have rally?
—————– (01/05/2019 10:04) —————–
David B: yes
Mark G: if Fed signaled a policy change with respect to balance sheet, we may be heading up near term still/
—————– (01/05/2019 10:06) —————–
Mark G: longer term – up or down retracing all of Trump rally
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ljr iPad: stocks: WDFC big run up in 2018, earnings we’d
ljr iPad: Wednesday
—————– (01/05/2019 10:09) —————–
David B: Has the correlation with bonds over the last few days showing mony moving out and into stocks?
Mark G: k
David B: money
—————– (01/05/2019 10:12) —————–
ljr iPad: AAPL
—————– (01/05/2019 10:13) —————–
ljr iPad: buyable low?
David B: GE,SYMC
—————– (01/05/2019 10:18) —————–
David B: UA,WDC
—————– (01/05/2019 10:27) —————–
ljr iPad: for wdfc is there an upper target or objective?
—————– (01/05/2019 10:28) —————–
ljr iPad: thx
—————– (01/05/2019 10:33) —————–
David B: MSFT
ljr iPad: FB, MSFT
—————– (01/05/2019 10:35) —————–
ljr iPad: MDB
—————– (01/05/2019 10:44) —————–
David B: bears markets usually take months and possibly years to change. Wouldn’t one want to look at the odds that this is going to resolve back down? and if not does that mean we were never in a bear market?
David B: bear market
—————– (01/05/2019 10:46) —————–
ljr iPad: thx for today.
—————– (01/05/2019 10:47) —————–
David B: will we know that shortly or could take weeks?
Mark G: if the low 2317 is retested would the time matter – the longer it’s delayed the likelier to break lower?
—————– (01/05/2019 10:51) —————–
David B: how do you think earnings plays into the overall market. is the market expecting the worst with no growth?
—————– (01/05/2019 10:53) —————–
Bill G: If the mkt makes a new low shortly.\, more room for a larger rally?
—————– (01/05/2019 10:54) —————–
Mark G: that is different from retesting a Feb prior low – the longer it took the liklier the break lower became
David B: does gold have a correlation with stocks or is it just like bonds?
—————– (01/05/2019 10:57) —————–
Bill G: How much lower than the recent low can still be considered only a test of that low?
—————– (01/05/2019 10:59) —————–
David B: can any news events or things the market is concern about change a market on a dime from a bear market to bullish or the opposite. Like we ar seeing with the fed and china
David B: are
—————– (01/05/2019 11:02) —————–
Bill G: thanks
Mark G: valuation crowd is saying at 2350 earnings could be zero so we may not go down more unless earnings are negative
—————– (01/05/2019 11:07) —————–
Mark G: :)
David B: it seems like now they are buying the dips where before they were selling rallies?
—————– (01/05/2019 11:09) —————–
David B: yes so they are no accumulative?
David B: not
David B: ok
David B: Thanks
Mark G: thx much