Saturday Review’s recording (for 7/14/18) …Which way to the detour?
Late-week action put into play higher objectives at 2809.00 and 2813.00-2816.75. Any higher would target 2836.00. Potentially new all time highs. There’s always a path, the question is whether it’s followed. The path down is only temporary if attempted before fulfilling the higher objective that late-week action put into play.
Meanwhile, the quarterly earnings onslaught is getting underway, and the market seems to want to react bullishly. The first week of earnings is often very different from its second week. So it’s interesting that monthly expiration interrupts the two weeks — we’ll have a WedEX signal addressing it on Wednesday.
These and other items are discussed in this week’s Saturday Review. Thanks to all who attended and participated.
The following stock requests were reviewed in this order:
GE, NFLX, AXP, ARNA, AAPL, STM, SYMC, CMG, WDC
transcript