Saturday Review’s recording (for 2/21/15)
[I have learned that there will be no transcript to this weekend”s Review, and I apologize for any inconvenience.]
This weekend”s Saturday Review begins with a joke. Some might think that means I read a list of current market valuations. Actually, we”ve been these new highs have been anticipated, as has been the character of their test. That same template has a specific expectation for its resolution, too. We discuss that and other relevant items, then review stock chart requests from subscribers.
Gail : good morning
Mark : gm
Mark : is DOW outperforming other indexes now?
David B: the nasdaq is?
David B: outperforming the others along with the russell?
bill g: A pivot rev on Monday would still leave an additional high close
at some point due to a new high Fri close. It may be a sign of a larger
correction first?
M K: 1250 here we come!
M K: =)
M K: 2250
M K: wow
M K: someone hasn”t had their coffee
Mark : AAPL higher targets?
David B: M,GDX
M K: i was reconciling my sheets from last year and was laughing
M K: at the prices
David B: CEMP.FB
M K: SNH
M K: CAT
M K: RY
M K: ULTA
M K: GME
M K: GEF
M K: BWLD
M K: AVP
M K: CBI
M K: NFLX
M K: RH
M K: TPX
M K: VEOEY
M K: ignore
M K: moving on
M K: yeah
M K: some of these charts are just mind boggling
M K: nice DA reference!
M K: I can send you the whole season. I get it from british bbc. So
we”re already through the season
David B: CRM,NXPI
M K: hahaha
M K: the # of parabolic charts are interesting
M K: hahaha
M K: whooops
M K: wifey must have been upset
M K: mine was beside herself
M K: d”oh
M K: ok
M K: yeah i got long on that gap
M K: ok
David B: earnings wed
M K: re: GEF noted short selling firm came out with article
M K: stating funny books and lack of cashflow to cover dividend for
forseeable future
M K: yeah
M K: my thoughts
M K: was looking for strength to fade for low r/r
M K: maybe back into 44.50?
M K: oh ok
M K: i”ll just watch then
M K: thanks
M K: haha
M K: was debating fading here
M K: ok
M K: good to hear
M K: i”ll push that
M K: oh ok
M K: i”ll cale in that 500 level
M K: scale
M K: RH shorted the divergnece
M K: ok
M K: i”ll pare off some of the short
M K: and re-short
Mark Glezer: would u expect NFLX to go to the lower end of the channel &
possibly lower if it gets there?
M K: under 82
M K: RE: TPX
M K: thank you for the levels
M K: i pressed 56 and shorted more
M K: covered some friday
M K: with market as strong as it is
M K: probably cover a lot
M K: and re-short under 52
M K: VEOEY is Veolia (VE) they delisted from ADR to save on costs
M K: was a huge postion of mine
M K: still large
M K: but not as much
M K: oh ok
M K: its fine
M K: yes
M K: near end of year
M K: if you pull back to much longer term
M K: before they had all their accounting issues
M K: a break of 21 could be huge no?
M K: ok thanks
M K: have a great day
M K: thanks for taking the time to do all the stocks
M K: up up and away!