This weekend's Saturday Review recording.

The first several minutes of this weekend's Saturday Review is a detailed description of the "pivotal uptrending support" setup. It identified the timing of Friday's late afternoon drop and its minimum target. Watch for that reasaon, alone. An otherwise choppy day nevertheless ended on a high note for us, because of that one setup.

A description of "afternoon traction" is included next. The market's bigger picture outlook is reviewed, along with Sunday night / Monday morning plays. Several stocks are also reviewed by request.

No transcript will be available this week, but the meeting's chat is printed below. The drawing to give away a majestic 40-acre garden in London was postponed due to the owner still not accepting my offer for the property. Come on, Ma'am!

Click here for the Saturday Review recording

Enjoy the weekend...

David B: good morning
Mark G: gm
charles d: hi
Mark G: u didn't mention a possibility of continuing pullback down to 38 or 31 that should recover
Mike D: Sorry. I was late so maybe this was mentioned. Is the ES doing just one big pivot reversal?
Bill G: Based on the character of the 1/16 low ,do you expect new highs to fail or are you neutral as to the outcome
Mike D: yes
Mike D: i thought i saw a longer term chart with a trend linedrawn under the lows. think weeks
Mike D: y
Mike D: start at AUG 7 low
Mark G: any expecation on the timing of the high's retest - it may not happen for a week or two?
Mike D: correct
Mike D: ty
David B: above 2075 would that indicate it will be agressive higher?
Mark G: why do u consider the base of the rally from 1970 weak - because it didn't spend enough time forming a bottom there but rallied from a retest of the prior low?
David B: is the new thing now we get a central bank to do a QE and when they finish the next one starts?. my point is is this why we have not had a bear market. what is your feeling about what they are doing?
David B: GOOGL,AMZN
David B: maybe because of earnings this week?
Mark G: CPLP update - probed above 9 but never got to 10 and reversed down on increasing volume but still holding 8.61 - is the rally still has potential to 10?
David B: does the 490 low need to be tested?
Mark G: or rally is over on CPLP?
David B: yes
tom p: panw,pbyi
Mark G: pullbck then should hold
David B: fed meeting this week and end of the month window dressing. do you think this will have any impact on the market?
tom p: thx
David B: MSFT
tom p: up huge yesterday
tom p: thx
Mark G: thx much
David B: thanks
charles d: tks

Posted to Rod David's Futures Market … on Jan 24, 2015 — 11:01 AM
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