Saturday Review’s recording (for 3/14/15)
This weekend”s Saturday Review (recording linked here) focused on Friday morning”s drop, which ignored the traction that was gained by Thursday”s rally. That was a dangerous stage to reinforce the decline.
Every signal can be rejected by violating its limitations. And almost every rejected signal becomes an opposing signal. If Monday”s open is extending Friday”s rejection of Thursday”s rally, then it may be extending the decline to sharply lower levels.
This coming week”s known highest-profile influences are Wednesday”s FOMC policy statement / quarterly Fed Chair Q&A, and Friday”s “quadruple witch” expiration. Volatility should be high.
Add any follow-up questions or discussion with other members to the comments section of this blog post. Meanwhile, please check out the Resource page (linked from the sidebar icons). Notice the first set of “Quick Links” that retrieves each category of daily blog posts — no more endless scrolling! Below that is the “Daily Schedule” of where/when to find regular intraday updates. The link to Thursday”s Training Session recording is also there. I”ll announce the next session for this week (probably for Thursday again) by Monday.
The member chat accompanying Saturday Review is below…
[09:31:58 ] David B: Good Morning
[09:31:58 ] Mark : gm
[09:32:01 ] c d: hi0
[09:32:11 ] william serex: gm all good tks
[09:54:50 ] Mark : is retest of 2117 high with OB RSIs is completely dismissed or can still happen?
[09:58:45 ] David B: fed and options expiration this week. you think if the fed doesn”t remove patience we could see a test of the highs real quick?
[10:01:09 ] Rod David: If you have no audio, please reboot
[10:02:10 ] Mark : 2110 JUN
[10:04:38 ] David B: what level we closed would indicate we are going to test the 2110 JUN? 2087?
[10:08:36 ] Mark : do u think euro”s behavior trumps fed”s petience?
[10:08:56 ] Mark : patience
[10:10:05 ] sunni a: good question MG
[10:12:33 ] David B: the dollar rally or decline on a daily basis has been a focus on the market lately. would you agree?
[10:13:58 ] Mark : yeah
[10:15:39 ] sunni a: oil…now, euro…agree
[10:17:56 ] David B: NXPI,CEMP
[10:18:53 ] David B: ORCL,TSO
[10:19:36 ] william : CSCO
[10:19:48 ] tamara : what are the current levels for oil and gold
[10:21:20 ] Joel : CLDX, VRNS
[10:26:41 ] tamara : Thank you
[10:30:11 ] David B: is volume on cemp confirming this rally?
[10:31:55 ] tamara : IBB,AFL
[10:35:03 ] william : Tks
[10:39:28 ] Joel : Yes
[10:40:33 ] tamara : KING,ELP,WTW
[10:43:25 ] Mark : do u see a major top coming on IBB?
[10:50:50 ] David B: so it could see either way a big move?
[10:50:53 ] David B: orcl
[10:57:06 ] tamara : i dont think so
[11:04:27 ] David B: thanks
[11:04:32 ] Mark : thx much
[11:06:57 ] tamara messmann: thank yo
[11:07:16 ] tamara messmann: that was very helpful.
