This weekend's Saturday Review is comprehensive, yet concise. The current attack on retesting the prior week's overnight highs has a likelihood of succeeding. It's not 100%, but there should be only one exception that can prevent it Monday. Similarly, the current attack on probing new highs has a likelihood of being meteoric -- in both directions -- but with two exceptions. One exception that would point higher for longer, and one that would point lower, perhaps indefinitely. Setups that would be predictive of each resolution are described in detail. Enjoy!
The following stock requests were reviewed in this order:
CMG, AMD, INTC, GOOGL, AMZN, GS, BAC, JPM, MS
02/04/2017 09:54:47 Mark Glezer: hi Rod
02/04/2017 09:55:10 Mark Glezer: how long do you think the upward can continue?
02/04/2017 09:59:01 Mark Glezer: Quick request - in light of your new morning schedule would it be possible to publish a brief update around 9:15 in case it narrows down your expectations from the First Trade and indicates the most likely open scenario? That would be very beneficial for those who are not in the room and do not see your Q&A at 9:15
02/04/2017 10:04:02 Mark Glezer: I mean publish on the blog
02/04/2017 10:04:22 Mark Glezer: no
02/04/2017 10:04:33 Mark Glezer: if you can of course
02/04/2017 10:06:26 Mark Glezer: could u repeat the downside targets if we somehow gap under 2283?
02/04/2017 10:06:53 Mark Glezer: no longer 48.5?
02/04/2017 10:10:19 Bill G: I think we may need a decent pullback (5%) to allow a subsequent rally to cause divergences in indexes at a final new high.
02/04/2017 10:11:04 Mark Glezer: BTV is talking about 4-5% pullback in Feb
02/04/2017 10:11:07 Bill G: Call it 3-5%
02/04/2017 10:13:31 Mark Glezer: thx much
02/04/2017 10:17:00 Mark Glezer: I do not know what can make CMG go higher if they keep losing revenue & there are much better alternatives to them around
02/04/2017 10:25:08 Bill G: Thanks