Saturday Review’s recording (for 7/11/15) …Fallen and can’t get up.

By Rod David | July 11, 2015 - 1:09 pm

This weekend”s Saturday Review described how to recognize a durable or false breakout from the recent two-week old range, and the consequences of either. Below is the chat transcript, and a chronological list of the stock requests we reviewed. The recording”s links are:

MP4 version || Non-mp4 version

AAPL, TSO, VLO, NVLX, GWPH, GOOGL, NKE, CSCO, Crude Oil (CL), Copper (HG)

07/11/2015 09:32:59 Mark : gm

07/11/2015 09:33:20 G: echo

07/11/2015 09:56:15 Mark Glezer: is the likeliest scenario now to probe

higher Mon to 2090-2095 and close under Fri high?

07/11/2015 10:00:41 Mark Glezer: first break out would likely be false

whatever direction or not necessarily?

07/11/2015 10:00:53 Mark Glezer: k

07/11/2015 10:01:03 David B: we have greece,china,and earnings going on.

how does one know which one the market is focusing on or does it matter

in the bigger picture?

07/11/2015 10:02:18 Mark Glezer: there is expectation that earnings will

likely be bad

07/11/2015 10:02:54 David B: so we”ll know with second second close what

the focus is?

07/11/2015 10:03:06 David B: to new highs

07/11/2015 10:05:15 Mark Glezer: do u expect a real break out of this

range – not a false one – to occur with a big move, perhaps doubling the

size of the range – 50*2 = 100 pts?

07/11/2015 10:05:26 David B: they were saying china having an impact on

aapl

07/11/2015 10:05:50 David B: could have an impact on aapl

07/11/2015 10:08:38 Mark Glezer: if not earnings or geo-political event,

what do u think will be a driving force to move to a new range in ES?

07/11/2015 10:13:07 Mark Glezer: yes

07/11/2015 10:13:19 Mark Glezer: right

07/11/2015 10:15:50 David B: TSO,VLO

07/11/2015 10:15:51 Mark Glezer: last Q – above

07/11/2015 10:15:55 David B: GOOGL

07/11/2015 10:17:39 David B: it seems like the nasdaq is underperforming

so if we got a second higher close would this mean we would need the

speculative stocks to lead this higher?

07/11/2015 10:22:07 David B: would you categorize the drop of china

differently than 87 in that is was more in line with your crash scenario

you have discussed before?

07/11/2015 10:24:09 Rod David: m r: Another question about the braoder

market – Since the pattern which preceded the current range was a Double

Failed Breakout of the Ascending Triangle, does that undermine the

ability for the market to return to and/or exceed those highs?

07/11/2015 10:24:43 David B: yes

07/11/2015 10:27:21 David B: also have a question above my china crash

question

07/11/2015 10:28:33 David B: nasdaw underperforming

07/11/2015 10:28:44 David B: yes

07/11/2015 10:30:10 Mark Glezer: AAPL is somewhat deceptive in that

sense since it is also a part of DOW now

07/11/2015 10:33:21 Mark Glezer: in a sense of reflecting NDX

underperformance

07/11/2015 10:42:02 Mark Glezer: my comment on AAPL pls

07/11/2015 10:43:57 Mark Glezer: right

07/11/2015 10:44:16 Mark Glezer: both NDX & DOW

07/11/2015 10:44:55 Mark Glezer: doesn”t indicate outperformance of one

& underperformance of the other

07/11/2015 10:45:09 Mark Glezer: AAPL that is

07/11/2015 10:57:00 Mark Glezer: my comment on AAPL was that since it is

now a part of both NDX & DOW it cannot be used to indicate outperformnce

of the one & underperformance of the other, it can only be reflection of

the move when NDX & DOW move in the same direction

07/11/2015 10:58:00 Mark Glezer: agree

07/11/2015 10:58:30 Mark Glezer: k

07/11/2015 10:58:49 Mark Glezer: thx much

07/11/2015 10:59:26 David B: thanks

Posted in S&P, Saturday Review