Saturday Review’s recording (for 9/15/18) … How high?
The market’s new highs this week may be competing against Hurricane Florence for mainstream attention. That relative anonymity could be one of the more bullish factors, from a contrarian perspective. There’s also the upcoming expiration — Quad Witch, no less — which is unlikely to accompany a trend extreme. And just the ongoing bigger picture, a massive Complex Ascending Triangle that we’ve been discussing for months, whose minimum targets are being met only now.
How does that play out Sunday night and Monday morning, and into the week? We game out several paths, and entertain the potential for it all to go to pot instead… Speaking of which, I also update several previously highlighted Cannabis sector stocks and formally introduce a new one.
The following stock requests were reviewed in this order:
TLRY, CGC, TGODF, IIPR, AMD, WDC, SYMC
transcript
Rod David: Welcome to Saturday Review… Please post comments and questions as they occur to you.
—————– (09/15/2018 09:32) —————–
Bill G: gm
David B: Good Morning
jp: gm
—————– (09/15/2018 09:34) —————–
Mark: gm
—————– (09/15/2018 10:00) —————–
Bill G: The ym had been lagging but this wk had relative strength. Maybe a top will be made at or near a new ath?
—————– (09/15/2018 10:04) —————–
Bill G: y
Bill G: Will get a lot of press
—————– (09/15/2018 10:08) —————–
David B: AMD – is this in a up crash?
—————– (09/15/2018 10:09) —————–
David B: WDC – is this is stock in a down crash?
—————– (09/15/2018 10:23) —————–
David B: jan candidate?
—————– (09/15/2018 10:24) —————–
Bill G: on wdc, what leg did you use to compute your targets?
David B: GE possible on the list as jan candidate?
—————– (09/15/2018 10:26) —————–
Bill G: already a tax loss
—————– (09/15/2018 10:27) —————–
David B: what about symc is this a candidate?
—————– (09/15/2018 10:31) —————–
Mark: thx much
Bill G: have a good one
David B: Thanks