Saturday Review’s recording (for 10/17/15) …End of a correction?
From its sudden start and its steep slope to its relentless progression, last week’s recovery from its initial dip had all the markings of being expiration-related. It should be obvious Monday afternoon whether that’s correct. If not, then the rally still has room before no longer considering it as only a temporary correction. Those topics and more are covered in this week’s Saturday Review, recorded below.
The following stock requests were reviewed in this order:
SPX, AMZN, MSFT, V, TWTR, MCD, GOOGL
10/17/2015 09:32:04 David B: good morning
10/17/2015 09:32:19 Mark Glezer: gm
10/17/2015 09:48:57 David B: chinese data on monday GDP,retail sales,and industrial data could have been the catalyst for friday afternoon or sets the trend for monday?
10/17/2015 09:49:18 Mark Glezer: seems like buyer dodged a big bullet perhaps because sellers were too impatient Fri & the move originated in no-bias well ahead of 2:30 & sellers will have a much harder job on Mon?
10/17/2015 09:49:23 SM: Does the bullish scenario you desribe (failing to successfully reject the bullish bias during expiraton) also negate the bearish context from which this has begun?
10/17/2015 10:00:44 steve: if the market does pullback below 1980 do we then need for new context or should the market continue to fall?
10/17/2015 10:03:46 Mark Glezer: indexes – anything interesting?
10/17/2015 10:04:24 steve: small caps underperforming
10/17/2015 10:06:44 David B: AMZN,MSFT
10/17/2015 10:07:22 ljr: stocks: v, twtr,
10/17/2015 10:08:31 SM: larger market question: is there any emerging evidence to sugges that the ‘biggest fish’ is no longer oriented bearishly?
10/17/2015 10:09:16 ljr: sorry meant: visa
10/17/2015 10:11:00 David B: is amzn and msft position of strength for earnings?
10/17/2015 10:12:05 David B: thursday
10/17/2015 10:14:42 SM: you/re mixing up the questions.
10/17/2015 10:16:52 David B: MCD,GOOGL
10/17/2015 10:19:18 David B: earnings thursday for MCD
10/17/2015 10:21:23 David B: googl on thursday
10/17/2015 10:26:28 SM: y thx
10/17/2015 10:26:49 Mark Glezer: thx much
10/17/2015 10:26:53 David B: thanks
