Saturday Review’s recording (for 3/30/19) …Up, up, and a wait.
End ‘o-Quarter portfolio window dressing was probably influential on the quarter’s last day Friday. But gapping up to resistance and only ranging sideways doesn’t reflect momentum, and remains vulnerable to resolving down immediately. None of which precludes extending higher anyway, but probably only to the next resistance and only temporarily before resolving down more substantially.
I describe the path higher, along with specifics for the scenarios described above, in this weekend’s Saturday Review. Great questions from attendees are also addressed.
The following stock requests were reviewed in this order:
WBA, STZ, BIIB, XLNX, VKTX, AAPL, APH, LEN, SQ, LUV
transcript
Rod David: Welcome to Saturday Review. Please post comments and questions as they occur to you.
David B: Good Morning
jp: gm
Bill G: gm
—————– (03/30/2019 09:33) —————–
Mark G: gm
—————– (03/30/2019 10:02) —————–
ljr iPhone: does this type of distribution resemble sept/oct before drop into dec?
—————– (03/30/2019 10:06) —————–
jp: Did Fri. close satisfy o/b rsi’s ?
jp: ty
—————– (03/30/2019 10:11) —————–
David B: how do you think earnings will play into the market? have they been discounted?
ljr iPhone: stocks: WBA, STZ both earnings this week
—————– (03/30/2019 10:13) —————–
Bill G: Blackout period for buybacks may influence for most of Apr?
David B: do you think this distribution is reflecting a sell on the news of possible china deal ?
—————– (03/30/2019 10:17) —————–
David B: the market is closed on good friday so when does options expiration happen?
David B: when does options expire?
David B: ok
David B: BIIB,XLNX
—————– (03/30/2019 10:20) —————–
David B: so does that change the wedex?
—————– (03/30/2019 10:22) —————–
ljr iPhone: VKTX (just watching for long entry), aapl, SQ (more Apple competition now)
David B: APH,LEN
—————– (03/30/2019 10:24) —————–
ljr iPhone: dunno
—————– (03/30/2019 10:34) —————–
ljr iPhone: LUV
—————– (03/30/2019 11:00) —————–
ljr iPhone: Boeing 737 grounded
ljr iPhone: not really positive
—————– (03/30/2019 11:03) —————–
ljr iPhone: thx very much
David B: Thanks
Bill G: thanks
