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Saturday Review’s recording (for 9/28/18)… Fallen, but could get up. – If, Then… Market Timing

Saturday Review’s recording (for 9/28/18)… Fallen, but could get up.

By Rod David | September 29, 2018 - 1:11 pm

Must Wednesday’s low still be probed before retesting the prior week’s high? No, but that would have consequences. And its start would have specific characteristics, to know it’s actually underway. Does retesting Wednesday’s low ensure a bottom will form? No, and there are specific characteristics to know. We discuss those setups, and their objectives, along with upcoming influences, during this week’s Saturday Review.

 CLICK HERE TO WATCH

The following stock requests were reviewed in this order:
FB, TLRY, NBEV, CRM, BAC, IBB, TGODF, CGC, KSHB, ACBFF, IIPR, RAD, S, SQ

transcript

—————– (09/29/2018 09:31) —————–
Rod David: Welcome to Saturday Review. Please post questions and comments as they occur to you.

David B: Good Morning

Mark: gm

jp: gm
—————– (09/29/2018 09:41) —————–

Bill G: gm
—————– (09/29/2018 09:47) —————–
Mark: Wed & Thu exhibited steady down trending in the final hour due to its entry being lower than the prior window’s close. Do you expect it to re-appear next week if/when a big down move happens?
—————– (09/29/2018 09:49) —————–
Mark: Bias up Mon morning would unlikely to reverse down at 32 but still can?
—————– (09/29/2018 09:54) —————–
Mark: answer to the last Q probably depends on when its target is met
—————– (09/29/2018 09:55) —————–
Bill G: Is the first break from the triangle in either direction likely to be false?
—————– (09/29/2018 09:58) —————–
Bill G: Also unfinished business at 2947.50?
—————– (09/29/2018 10:01) —————–
Mark: right
—————– (09/29/2018 10:03) —————–
Mark: yes
—————– (09/29/2018 10:06) —————–
Bill G: Could happen while testing the 9/21 open
—————– (09/29/2018 10:11) —————–
Mark: Underperformance of financials lately might also be negative telling that the top is near?
—————– (09/29/2018 10:12) —————–
Mark: TLRY and the likes are unlikly to lead the market higher :)
—————– (09/29/2018 10:15) —————–
Mark: yeah

Mark: my point is that localized and short lived
—————– (09/29/2018 10:19) —————–
David B: CRM,BAC
—————– (09/29/2018 10:25) —————–
David B: will we need to see when earnings coming out in the next two weeks and the reactions will tell us if the market has laready discounted or not thse earnings. What i am saying is this the next catalyst for the market to continue to higher highs?

Bill G: IBB Higher tgts or double top more likely?
—————– (09/29/2018 10:36) —————–
Mark: RAD – any hope after two failed merger deals?
—————– (09/29/2018 10:37) —————–
Mark: SQ
—————– (09/29/2018 10:48) —————–
Mark: not S, SQ
—————– (09/29/2018 10:50) —————–
Mark: volume declining on the final rally stretch
—————– (09/29/2018 10:52) —————–
Mark: k
—————– (09/29/2018 10:53) —————–
David B: Thanks

Mark: thx much

Bill G: Thanks

Posted in Bigger Picture, members-only, Saturday Review