Saturday Review’s recording (for 2/2/19) …Back to baby steps.
Friday’s second consecutive close above 2701.00 was borderline. Not too borderline to immediately question its relevance — which is to confirm the rally’s next higher target at 2756.00 is in-play. But borderline enough to suspect at least a nominal corrective dip testing 2681.00-2682.00 could develop, or even a brief dip to 2666.00 before resuming the rally. Reversing the trend down without testing the rally’s next higher objective would require closing back under 2666.00 and lower, and not very quickly. This weekend’s Saturday Review describes the patterns creating those paths, and outlines possible paths for anticipating Monday’s influences.
The following stock requests were reviewed in this order:
WDC, AMD, GOOGL, EA, GDX, GLD, SWKS, SFLY, DATA, FEYE, FTNT, IRBT, NEWR, YUM, GRUB
transcript
—————– (02/02/2019 09:34) —————–
ljr: gm
jp: gm
Bill G: gm
Mark G: gm
David B: Good Morning
Rod David: Please post questions and comments as they occur to you
—————– (02/02/2019 09:42) —————–
Mark G: Retracing FOMC reaction within a week is still an option?
—————– (02/02/2019 09:52) —————–
Bill G: What’s the .618 price above the triangle?
—————– (02/02/2019 09:53) —————–
David B: WDC,AMD
David B: GDX,GLD
ljr: GOOGL (earnings mon after close)
ljr: EA, SWKS, SFLY, DATA (earnings tues after close)
ljr: FEYE, FTNT, IRBT, NEWR (earnings wed after close)
ljr: YUM, GRUB (earnings thurs before open)
—————– (02/02/2019 10:25) —————–
ljr: yum all time highs
—————– (02/02/2019 10:27) —————–
Mark G: thx much
ljr: many thanks!
David B: Thanks
Bill G: thx