Saturday Review’s recording (for 6/9/18) …Ka, boom.
An interesting week lies ahead, with all of the challenge and excitement of strolling through a virtual minefield. Distractions include meeting Kim Jong Un in Singapore and the World Cup “kick-off.” Inputs include heightened Brexit focus, and monetary policy statements from the FOMC (with Fed Chair Q&A), ECB and BOJ. And we’ll have a WedEX signal, this being expiration week — quadruple witch, no less.
The market is stepping steadfastly higher into the minefield. Most recently, recovering Thursday’s intraday and overnight selling at Friday’s open, and into the weekend. Cracks started showing among FANGs that triggered the pullback, so does the market’s brief drop reflect excessive pessimism, or does the quick recovery reflect excessive optimism? We could know as early as Monday, but probably no later than Tuesday.
We discuss possible paths and relevant levels in this weekend’s Saturday Review…
The following stock requests were reviewed in this order:
CRM, CMG, HD, WDC, FB, AMZN, AAPL, NFLX, GOOGL, TSLA
transcript
(06/09/2018 08:15)
Rod David: Welcome to Saturday Review… Please post questions and comments as they occur to you.
(06/09/2018 09:32)
Mark: gm
David B: Good Morning
Bill G: gm
jp: gm
(06/09/2018 09:36)
David B: will we know early in the week which event the market is going to focus on?
(06/09/2018 09:50)
Bill G: Wouldn’t a move just short of 2800 look like pessimism?
(06/09/2018 09:55)
Bill G: Is a sld possible?
David B: option expiration
Bill G: BOJ
David B: usually reactions are weak hands?
(06/09/2018 09:59)
Mark: Neg correlation b/w indexes signaled Thu was not confirmed Fri. Would u expect it to be reinstated in liu of the multiple events next week?
(06/09/2018 10:02)
Bill G: I think Fri
(06/09/2018 10:13)
Bill G: Fri, FB up .22 but the other FANG stocks were dn again
(06/09/2018 10:20)
David B: CRM,CMG
(06/09/2018 10:23)
David B: HD,WDC
(06/09/2018 10:36)
Bill G: My data shows 186.43 as low
(06/09/2018 10:45)
Mark: thx
Bill G: thanks
David B: Thanks