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Saturday Review’s recording (for 3/2/19) …Burden of proof, or else poof. – If, Then… Market Timing

Saturday Review’s recording (for 3/2/19) …Burden of proof, or else poof.

By Rod David | March 2, 2019 - 1:11 pm

The week ended back up where it had begun. And it began by gapping up to new recovery highs. But that gap up had created an anchor to ensure its recovery. That “unfinished business” above is now neutralized, and the week did not trend up. The rally can extend, but it needs a new signal. Meanwhile, it remains vulnerable to launching a deeper retracement. We discuss the parameters for recognizing either during this week’s Saturday Review.

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The following stock requests were reviewed in this order:
CVS, NTNX, WDC, QCOM

transcript

—————– (03/02/2019 09:12) —————–
Rod David: -=-=-=-
—————– (03/02/2019 09:32) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

Adam: Hi
—————– (03/02/2019 09:49) —————–
David B: Is there more of a chance that we break thru higher because of strong handed buyers on friday?

David B: i did not

Mark G: but the highest close on Fri requires at least one more higher close

Mark G: no link today
—————– (03/02/2019 09:56) —————–
Mark G: already answered

David B: do you believe this rally has been more of news of the fed and china and will be retraced?

Mark G: got resent
—————– (03/02/2019 10:04) —————–
David B: typically V bottoms are not durable and should be retraced?
—————– (03/02/2019 10:06) —————–
David B: what close would tell us we are headed to test the highs?
—————– (03/02/2019 10:09) —————–
Mark G: can get through 2860 perhaps temporarily by a positive China trade resolution
—————– (03/02/2019 10:10) —————–
Mark G: yes

Mark G: for sure a sell

David B: what close below would start to indicate were are starting to retrace part of this rally?

Mark G: trend change signal?
—————– (03/02/2019 10:15) —————–
jp: CVS,NTNX

David B: WDC,QCOM
—————– (03/02/2019 10:18) —————–
jp: if it should hold long term support back to 20132
—————– (03/02/2019 10:20) —————–
jp: yes 2013
—————– (03/02/2019 10:22) —————–
jp: is it recoverable
—————– (03/02/2019 10:25) —————–
jp: ty
—————– (03/02/2019 10:26) —————–
David B: has a low been put in for WDC?
—————– (03/02/2019 10:32) —————–
David B: Thanks
—————– (03/02/2019 10:34) —————–
Bill G: Thanks

Posted in Bigger Picture, members-only, Saturday Review