Saturday Review’s recording (for 2/23/19) …Safety off.
Recent intraday volatility has not been noise. Recent probes beyond the prior session’s range haven’t been timid, and yet haven’t been immediately maintained. All while the trend ekes out its highest recovery levels, and reversal setups begin forming. A string of intraday opportunities seems to be lurking, with multi-multi-point intraday moves, and multiple intraday reversals.
Something seems to be spooking the game, while heavier and heavier thuds are starting to shake the ground. This week we apply the specific analysis of price action to label the above characterizations and to reach its conclusion. Many of the setups we cover are repeated often in the market, if not always ahead of such potentially wide-ranging windows.
The following stock requests were reviewed in this order:
MRK, FB, LLY, PLNT, STMP
transcript
—————– (02/23/2019 09:32) —————–
Bill G: gm
Mark G: gm
ljr iPad: gm
—————– (02/23/2019 09:35) —————–
jp: gm
—————– (02/23/2019 10:05) —————–
Mark G: 2815-2820 area could also server as resistance to sling shot down to 2730?
Mark G: serve
—————– (02/23/2019 10:19) —————–
Mark G: MRK
ljr iPad: FB fill gap below?
ljr iPad: LLY
Mark G: Volume is declining
—————– (02/23/2019 10:22) —————–
Mark G: can get to 90?
—————– (02/23/2019 10:24) —————–
ljr iPad: PLNT
—————– (02/23/2019 10:31) —————–
ljr iPad: just looking higher obj
—————– (02/23/2019 10:34) —————–
ljr iPad: STMP – thoughts on it…going lower?
—————– (02/23/2019 10:37) —————–
ljr iPad: plnt might have earnings next week
—————– (02/23/2019 10:41) —————–
ljr iPad: sorry don’t know yet
—————– (02/23/2019 10:43) —————–
Mark G: thx much
ljr iPad: just stmp
Bill G: thanks
ljr iPad: cancelled us post contract
—————– (02/23/2019 10:47) —————–
ljr iPad: actually u think lower lows in future
—————– (02/23/2019 10:50) —————–
ljr iPad: thanks.