1
00:00:00,000 –> 00:00:00,033
2
00:00:00,033 –> 00:00:00,433
A little slow in two best a charge the coming week this is what will review all the trades me to call table last week as well as do a review of the
3
00:00:00,433 –> 00:00:00,699
charts that look attractive to listen to precede into the next trading week two of you want these
4
00:00:00,700 –> 00:00:01,000
videos in the future please send your e-mail address we expand to whom a piece band
5
00:00:01,000 –> 00:00:19,466
6
00:00:19,466 –> 00:00:26,766
members we will be woolly ensue when we get commentary will review the help of the overall market where we believed the water heading in
7
00:00:26,766 –> 00:00:31,666
the coming week as well as review all of our holdings
8
00:00:31,666 –> 00:00:40,232
of battered the dive into a few of the stocks year on the stock charts that really up with the great shock of 4:00 AM Monday morning trade show
9
00:00:40,233 –> 00:00:45,933
will segue right into that immediately following the stock chart all escapees of what we do last
10
00:00:45,933 –> 00:00:51,666
week volleyball province and platinum Els Group PLC a
11
00:00:51,666 –> 00:00:57,232
weeklong platinum a little weak Mitchell come back and got shot we bought platinum metals group very small position to several months ago
12
00:00:57,233 –> 00:01:00,733
13
00:01:00,733 –> 00:01:01,999
than
14
00:01:02,000 –> 00:01:09,400
I as I watched it consolidate at B a $1.00 per share level we began to look
15
00:01:09,400 –> 00:01:17,800
look for a breakout of bob Vance upper band of resistance and we got a we became extremely aggressive without buying addict shore up the
16
00:01:17,800 –> 00:01:26,233
shares skyrocketed so we’re up well over 100% bond PLG only in the past couple of trading week saw a really good for a
17
00:01:26,233 –> 00:01:30,333
18
00:01:30,333 –> 00:01:34,133
back to the deluge shot wide we get out the reason why we got out of theology and that the gold market V8 ball adding names appear to be
19
00:01:34,133 –> 00:01:37,966
weakened by concern was that there was going to be some rotation out of the mouse named an initial
20
00:01:37,966 –> 00:01:48,332
21
00:01:48,333 –> 00:01:55,133
a socks had valid concerns may also when we absolve our possession of a couple in time we
22
00:01:55,133 –> 00:02:01,966
got 3¢ on the day on Friday and then got was a bearish key reversal
23
00:02:01,966 –> 00:02:02,066
24
00:02:02,066 –> 00:02:05,066
by the end of the closet then rallied back
25
00:02:05,066 –> 00:02:14,466
to close unchanged on the day when I’d be surprised to see PLC will break out of this trial of formation of knoll not all
26
00:02:14,466 –> 00:02:19,299
alone to be backing bob appealed to you at some points on the future shop yield she was still like the of all you buy the dropping of data
27
00:02:19,300 –> 00:02:24,166
concern Joel POG has gone from a it’s not which we were long novel goodbye very well of 100%
28
00:02:24,166 –> 00:02:32,266
29
00:02:32,266 –> 00:02:36,732
chose got from a La position 28 watch position L BW another one well we bought back here as we broke out of this secondary downtrend line
30
00:02:36,733 –> 00:02:44,866
31
00:02:44,866 –> 00:02:47,299
at Le Balch province
32
00:02:47,300 –> 00:02:47,966
uttered the seven diving catches and final 5 to 1 of his dead and at that meeting all it was great all of that but we’ll rally and
33
00:02:47,966 –> 00:02:57,899
34
00:02:57,900 –> 00:03:07,933
then I knew it was resistance about selling began to move in with its rating it all really position trading lately more of a longer term
35
00:03:07,933 –> 00:03:14,666
multi we trades at a house but died of a province opens a leap of a quick scalp a tale BW
36
00:03:14,666 –> 00:03:17,632
away like its stock is heading from here
37
00:03:17,633 –> 00:03:25,266
a delivery systems above could move higher as short a probable fire but I think that the frothy easy money than 80 years old and a archive this
38
00:03:25,266 –> 00:03:32,932
one will enter the following this were any further less numbers one to watch it and then I will watch it’s only now
39
00:03:32,933 –> 00:03:32,966
40
00:03:32,966 –> 00:03:39,699
Goldman Sachs let’s talk about Goldman Sachs and its influence on our trading these past couple of weeks
41
00:03:39,700 –> 00:03:46,900
of Babel at us to trade up volatility and B of mining names and I believe that they are absolutely obsessed with
42
00:03:46,900 –> 00:03:51,466
43
00:03:51,466 –> 00:03:58,032
gold at the gold mining names because I believe partially and that they wait until 2016 short of them else they saw the Riley higher than try to
44
00:03:58,033 –> 00:04:02,433
cover those shorts and are looking to go along with they can’t do it at retail
45
00:04:02,433 –> 00:04:06,366
46
00:04:06,366 –> 00:04:13,599
they need to have the situation in their favor so they will pull in the dirty trick in the body with an indoor these past several weeks is coming out
47
00:04:13,600 –> 00:04:18,466
hammering down the metals names goal in particular would not just
48
00:04:18,466 –> 00:04:20,699
49
00:04:20,700 –> 00:04:29,133
neutral recommendations not just sell recommendations but short of recommendation betting that the mail is going to break out below
50
00:04:29,133 –> 00:04:34,766
the year’s loss and spent the mouse of dropping out to the absolutely obsessed
51
00:04:34,766 –> 00:04:40,499
with the metals markets I believe in my little like they were on the wrong side of his trade they remain on the wrong side of this trade at 82
52
00:04:40,500 –> 00:04:44,333
remedy that situation so let’s thought about gold and I said jokingly half jokingly
53
00:04:44,333 –> 00:04:49,566
54
00:04:49,566 –> 00:04:55,332
as a few weeks ago and that a blame my money back because they force me out of
55
00:04:55,333 –> 00:04:57,899
the day that I did make as much money as I wanted to win as Willie and childish then the mature way of looking at this game a week life
56
00:04:57,900 –> 00:05:00,500
but let’s face it we got off on so in some way or another I am going to make my money back on Goldman Sachs and from Goldman Sachs
57
00:05:00,500 –> 00:05:13,333
58
00:05:13,333 –> 00:05:19,266
we made a profit not enough that read as good so what we’re going to do is continue to follow Goldman Sachs unmentioned were first brought
59
00:05:19,266 –> 00:05:25,232
this up a few weeks ago that we were ploys for a breakout we got it and Leslie Hui a pullback in a retest of support
60
00:05:25,233 –> 00:05:31,766
61
00:05:31,766 –> 00:05:40,399
gold is looking pretty good now when you take a look at everything loves calista short [email protected] his way back I don’t care a
62
00:05:40,400 –> 00:05:46,166
notify the long argued short of it as level of the font so let’s take a look at
63
00:05:46,166 –> 00:05:50,632
the deli shot of Goldman Sachs now that we know we have a breakout of gold in weekly chart and a retest of the breakout one of its table that
64
00:05:50,633 –> 00:05:53,599
that Daly shot until we flagged out most of last week meeting we had GATT two and moved
65
00:05:53,600 –> 00:05:56,600
higher up and into resistance affected a moving average
66
00:05:56,600 –> 00:06:04,666
67
00:06:04,666 –> 00:06:07,299
usually on every shot I should say that that the period of moving out of every charge is usually a resistance level show no shot we made up an
68
00:06:07,300 –> 00:06:09,933
ensuing flag out now breaking out of a flat formation I think that the path of least resistance is higher in the short term
69
00:06:09,933 –> 00:06:22,966
70
00:06:22,966 –> 00:06:26,766
for Goldman I’m not bullish on the banks longer term solution just be a stock in trade alongside
71
00:06:26,766 –> 00:06:30,599
the Dusen that trailers on all of these trades that we execute
72
00:06:30,600 –> 00:06:35,033
73
00:06:35,033 –> 00:06:38,866
that shot out and Eugene say OK Del each shot so last week golden gate out once again then is a sell signal
74
00:06:38,866 –> 00:06:44,632
75
00:06:44,633 –> 00:06:48,933
all we were hedged using the U.S. the audience that chart a moment
76
00:06:48,933 –> 00:06:57,433
and we had a resold it on the seventh half of our position so we sold near the high honor in Eugene Shin remember it was all of the week
77
00:06:57,433 –> 00:07:03,099
prior two weeks ago and Goldman came and said
78
00:07:03,100 –> 00:07:08,100
shorten you to take the show would pull back but with a very close to the recent highs on in Eugene say so and a gold is losing credibility
79
00:07:08,100 –> 00:07:11,466
are so actually bought province on the sat and the shares pulled back we were hedged
80
00:07:11,466 –> 00:07:17,199
81
00:07:17,200 –> 00:07:24,100
bonded to our remaining position using the USTA we bought the province in the USD down
82
00:07:24,100 –> 00:07:31,000
here and there we began to buy back in EDTA at lower prices bank you Goldman Sachs
83
00:07:31,000 –> 00:07:32,800
you give us an opportunity
84
00:07:32,800 –> 00:07:34,900
to put the shares on sale we executed by selling my hands of booking province and then the enjoying the Riley high once again widely sell
85
00:07:34,900 –> 00:07:36,333
bears to virtual on Friday afternoon and let aware that this over the weekend
86
00:07:36,333 –> 00:07:47,966
87
00:07:47,966 –> 00:07:49,766
of it could very well
88
00:07:49,766 –> 00:07:58,132
rally on Monday morning to recapture support live back about one to get the right now we’re seeing signs of topping acts on in Eugene say I
89
00:07:58,133 –> 00:08:06,499
did not listen with shares of the weekend we have made a shed some money on and you cheat a
90
00:08:06,500 –> 00:08:06,900
91
00:08:06,900 –> 00:08:11,433
door and 2016 are willing to back those problems we don’t have to
92
00:08:11,433 –> 00:08:11,866
93
00:08:11,866 –> 00:08:19,132
Seoul be looking to add back in EDT on a breakout or break down the USD level only book profits last week
94
00:08:19,133 –> 00:08:19,366
95
00:08:19,366 –> 00:08:23,332
we open the position I believe it was here on the eighth
96
00:08:23,333 –> 00:08:32,299
and then sold it does Riley of the night and we got along the venue GC sell another quick trade a profitable trade and so we had a really great
97
00:08:32,300 –> 00:08:41,300
week last week by members of sun some of these traits that but I did a male BW so great job numbers aren’t so
98
00:08:41,300 –> 00:08:41,800
99
00:08:41,800 –> 00:08:50,100
with a denial over the stock chart goldman’s the next coming week all we’ve got over in Eugene CIA would be going over any tea in greater detail
100
00:08:50,100 –> 00:08:58,433
of numbers goes where they’ll get back involved have done well trading in eugene’s yet we have the pulse of the shares down a solid
101
00:08:58,433 –> 00:08:58,633
102
00:08:58,633 –> 00:09:06,933
solo trail down two intraday charts on any duty on the week at commentary by the USG not a weekly low last week so where trading range
103
00:09:06,933 –> 00:09:12,499
here so we did a breakdown will break out one until
104
00:09:12,500 –> 00:09:12,700
105
00:09:12,700 –> 00:09:16,666
and we take a look at golden
106
00:09:16,666 –> 00:09:19,899
you could see that on Friday of horrible day
107
00:09:19,900 –> 00:09:21,700
we put a lower high plateau 120-2307
108
00:09:21,700 –> 00:09:24,633
109
00:09:24,633 –> 00:09:28,466
Noah Loara high Allies
110
00:09:28,466 –> 00:09:33,566
won 2176 which would’ve been a big deal had not broken down below
111
00:09:33,566 –> 00:09:33,699
112
00:09:33,700 –> 00:09:41,533
12041 that’s near an a for a continuation breakout from eight if we break down below
113
00:09:41,533 –> 00:09:49,399
11884 when the below down considerably lower on the GL date appointing a Loara high on ISI
114
00:09:49,400 –> 00:09:51,033
volume rose to the downside on Friday choppy action on Sokaiya side bears and lower lows and lower highs
115
00:09:51,033 –> 00:09:58,599
116
00:09:58,600 –> 00:10:04,466
Laura eyes on slow stokes of gold is not looking good soul ads goes gold of more than likely to show will go of the big gold mining plays so
117
00:10:04,466 –> 00:10:08,399
that’s why going back to DUST we’re looking for a long train
118
00:10:08,400 –> 00:10:13,933
119
00:10:13,933 –> 00:10:14,933
Daly shot Selena Boesky virtual on Friday
120
00:10:14,933 –> 00:10:19,166
121
00:10:19,166 –> 00:10:21,966
volume rose to the upside
122
00:10:21,966 –> 00:10:23,199
to the U.S. team is looking good next shot out BPI Bridgeport educational that all about some
123
00:10:23,200 –> 00:10:24,433
shorts are some very short servants removal portraits
124
00:10:24,433 –> 00:10:31,833
125
00:10:31,833 –> 00:10:34,866
BPI weekly chart the person wanna do look in the short stocks find out where there are potential Sellers two alibis will we decide to
126
00:10:34,866 –> 00:10:37,899
open up position because we know the psychology of the markets and Slyke each member’s
127
00:10:37,900 –> 00:10:46,333
128
00:10:46,333 –> 00:10:52,133
back here wed BPI rallied up to 10.38 and then brought down young buyers back here than in
129
00:10:52,133 –> 00:10:57,966
setting for this nightmare to sell all they’re getting main holdout
130
00:10:57,966 –> 00:11:01,499
so as we had 1030 A
131
00:11:01,500 –> 00:11:06,700
you go to see cell is moving data delivery stream or NT Point of the short term perspective
132
00:11:06,700 –> 00:11:11,933
suppose I’m wrong 1038 there are enough Sellers of overwhelm
133
00:11:11,933 –> 00:11:18,466
the buyers of the name while that it’s funny going up to $11.23 daily shot
134
00:11:18,466 –> 00:11:27,532
so that we know what it is historical resistance were educated we know the history of the shares now when we take a look at a deli shot
135
00:11:27,533 –> 00:11:36,633
we can see that the RS size 87.41 very very interesting on the sustainable cat move higher short
136
00:11:36,633 –> 00:11:40,833
it’s not illegal much of folks especially take a look at
137
00:11:40,833 –> 00:11:45,066
the price action is pat Bolick move higher
138
00:11:45,066 –> 00:11:53,999
then it’s leaning into this is not your out of the box bowl and Japan which the two say deviations a modified bowl Japan which I’ve
139
00:11:54,000 –> 00:11:59,966
modified its the greased and a deviation VOL been very very
140
00:11:59,966 –> 00:12:07,532
overbought in terms of the relationship of the shares of historical bases relative to the upper band of the bulge is in short its not supposed to
141
00:12:07,533 –> 00:12:12,566
be here and the fact that it is here tells us pass it on a sign above 87 it started the year that a
142
00:12:12,566 –> 00:12:17,632
much longer so we’ll be looking ashore the shares of BPI numbers were call
143
00:12:17,633 –> 00:12:21,499
144
00:12:21,500 –> 00:12:26,900
up and out footers and other extreme overboard shot we use in the weekly chart against said the
145
00:12:26,900 –> 00:12:32,333
PPI and where is our historical resistance because knowledge is power
146
00:12:32,333 –> 00:12:36,933
wheel and see a huge rally and urban outfitters
147
00:12:36,933 –> 00:12:40,666
we know that there’s resistance up between a
148
00:12:40,666 –> 00:12:45,732
33 of 33 and $34.00 per share in between those two numbers of that’s a sweet spot to get short
149
00:12:45,733 –> 00:12:50,833
of urban outfitters Daly shot on a daily basis we are at resistance was stopping at four
150
00:12:50,833 –> 00:12:55,366
151
00:12:55,366 –> 00:12:57,766
let’s call it the highs of last week for four consecutive trading days they might be saying about its problems stalled at him a beach to
152
00:12:57,766 –> 00:13:00,199
save the short know it’s not a dozen in our historical resistance levels yet I think that this is a consolidation I think that the short term
153
00:13:00,200 –> 00:13:13,066
154
00:13:13,066 –> 00:13:17,132
of a struggle to break out move higher
155
00:13:17,133 –> 00:13:23,833
and the look is short on that breakout are aside 86.454 yes it over blocking can go higher
156
00:13:23,833 –> 00:13:30,566
soward and it is not is urging of the short adds the other names I’ve mentioned thus far
157
00:13:30,566 –> 00:13:30,866
158
00:13:30,866 –> 00:13:36,499
to only two U.N. lights and the old and a daily shot I assign 90.45
159
00:13:36,500 –> 00:13:40,133
extremely attractive from a short perspective
160
00:13:40,133 –> 00:13:40,366
161
00:13:40,366 –> 00:13:45,266
we do not have historical support below with the exception a
162
00:13:45,266 –> 00:13:47,232
guy’s seen on
163
00:13:47,233 –> 00:13:47,533
164
00:13:47,533 –> 00:13:48,733
lots of fared so what we always ask ourselves if we see a share prize
165
00:13:48,733 –> 00:13:53,299
166
00:13:53,300 –> 00:13:55,300
whether the
167
00:13:55,300 –> 00:13:56,866
overbought
168
00:13:56,866 –> 00:14:03,066
were not oversee a share prize near an all time high the question becomes
169
00:14:03,066 –> 00:14:04,132
that’s duly breakout or do we break out
170
00:14:04,133 –> 00:14:07,899
171
00:14:07,900 –> 00:14:10,600
do we put a lower high
172
00:14:10,600 –> 00:14:14,433
or do we break out the test is always at the top
173
00:14:14,433 –> 00:14:16,866
the markets will televise
174
00:14:16,866 –> 00:14:23,566
if we break out well that letter rally with a short skits we are the colors believe in and buy a stop
175
00:14:23,566 –> 00:14:30,266
wars right above 2784 and a breakthrough in you’ll see those buy stocks traded
176
00:14:30,266 –> 00:14:38,232
into the share price get even more overboard with his right now be looking to short that squeeze
177
00:14:38,233 –> 00:14:41,266
volume to the upside is dropping off
178
00:14:41,266 –> 00:14:46,066
numbers wouldn’t it be involved to me all probability early next week will that put this
179
00:14:46,066 –> 00:14:47,999
on an hour
180
00:14:48,000 –> 00:14:50,833
deep dive stocks to discuss on the weekend, cherry let’s take a quick look in the weekly chart of community that may have said before I
181
00:14:50,833 –> 00:14:53,699
misspoke if I can say is that there was no overhead supply meaning no one is stored resistance above and actually years
182
00:14:53,700 –> 00:15:05,700
183
00:15:05,700 –> 00:15:07,900
up when you go back to
184
00:15:07,900 –> 00:15:09,566
April
185
00:15:09,566 –> 00:15:18,066
2812 we did it all time high of 2870 cell of correction on my earlier, to find it’s a
186
00:15:18,066 –> 00:15:26,832
bit too was no historical resistance above all other than the recent high of 2784 that being said women of resistance
187
00:15:26,833 –> 00:15:29,799
weekly basis of lots of volume
188
00:15:29,800 –> 00:15:31,900
so that tells us that their institutional buyers out there beating up the shares and then they send it through this upper band of resistance and it
189
00:15:31,900 –> 00:15:34,033
could go all the way up to 2870 it really depends on how the shorts are in the name Ali short to remain to be squeezed
190
00:15:34,033 –> 00:15:45,299
191
00:15:45,300 –> 00:15:51,733
and you might just say one and two days of a short squeeze in all the sudden reversal
192
00:15:51,733 –> 00:15:56,233
like a shot back and 22 outlook is shot and
193
00:15:56,233 –> 00:16:07,666
again twenties well only stop entails more to 14 even two weeks ago February 19 will reverse of the highs of the week so that’s a potential
194
00:16:07,666 –> 00:16:12,499
and get another 2870 I will be shorting it to me
195
00:16:12,500 –> 00:16:17,133
via very aggressively sold members stay tuned for more on to me
196
00:16:17,133 –> 00:16:19,666
as so wed Sonoco Products
197
00:16:19,666 –> 00:16:24,299
weekly shot we are at all time highs on this and convinced of
198
00:16:24,300 –> 00:16:24,733
199
00:16:24,733 –> 00:16:28,933
win a very nice clean break out on a weekly basis last week
200
00:16:28,933 –> 00:16:34,799
volume it was below average on that breakout so warning flag on the track of those were long will
201
00:16:34,800 –> 00:16:40,666
this breakout be successful if you have declining of volume big question to ponder
202
00:16:40,666 –> 00:16:41,032
Daly shot and sorted daily basis we have are assigned 85.01 we know from past experience was with their experience trade me start to
203
00:16:41,033 –> 00:16:41,266
stocks these are assigned numbers are overblown gas but they can go higher if you
204
00:16:41,266 –> 00:16:41,532
reading technical mouse for dummies Natalia shortstop
205
00:16:41,533 –> 00:16:57,833
206
00:16:57,833 –> 00:17:01,666
when the audit side was above 70 you would’ve lost to share
207
00:17:01,666 –> 00:17:02,132
208
00:17:02,133 –> 00:17:10,733
the cause of it what about 70 on or about February 19 and now was wildly down here on these Boesky virtual that this is a bicycle folks
209
00:17:10,733 –> 00:17:16,499
and look in the money that he would remain so without a
210
00:17:16,500 –> 00:17:19,600
huge rally rates nice rally
211
00:17:19,600 –> 00:17:23,300
volume is banned a OK in a tweed at a low
212
00:17:23,300 –> 00:17:23,833
213
00:17:23,833 –> 00:17:32,166
early and made last week above Friday of volume rose but the question I have is that we see some style is selling and it as so whether
214
00:17:32,166 –> 00:17:37,732
the data we didn’t act that’s that’s satisfy their curiosity
215
00:17:37,733 –> 00:17:47,233
they know the five Richard Watson volume buys up and down my guess is the forehead with 5 minutes into the sea some strikeouts on
216
00:17:47,233 –> 00:17:54,066
rising down volume buyers in redwood staple of 5 minute shot
217
00:17:54,066 –> 00:17:54,466
218
00:17:54,466 –> 00:17:56,932
and the avant
219
00:17:56,933 –> 00:18:01,366
que Judy selling pressure into the close by sloppy shot but the five Richards very volatile
220
00:18:01,366 –> 00:18:03,832
221
00:18:03,833 –> 00:18:10,766
if we decide to get short of the soul and we’ll be using either a 30 minute shot to ritual outshot
222
00:18:10,766 –> 00:18:17,699
going to find that Mr. Lynch appoint a woman of members
223
00:18:17,700 –> 00:18:24,266
back to the daily shot cell where a table is seeing out that we have some Sellers move in
224
00:18:24,266 –> 00:18:26,699
the stock has come a long way
225
00:18:26,700 –> 00:18:31,966
cat move higher sure we’ll stay respect overboard stocks especially in picking up short in them be cause it’s far more difficult a short
226
00:18:31,966 –> 00:18:37,232
the stock and two by oversold stock so while we’re seeing it good reasons to get short a vessel and it’s too early of an 11 of the reasons
227
00:18:37,233 –> 00:18:43,499
228
00:18:43,500 –> 00:18:47,866
are 85 on our size not enough
229
00:18:47,866 –> 00:18:57,399
we need to see signs of Sellers moving and selling strength and you can identify that by watching the top entails on these candlesticks
230
00:18:57,400 –> 00:19:03,766
sometimes are called chateau sometimes a call website: top entails a bottoming tail
231
00:19:03,766 –> 00:19:11,432
it away it’s a sign of either a return to top selling or be there to buy an accumulation
232
00:19:11,433 –> 00:19:12,733
next shot out as to keep you
233
00:19:12,733 –> 00:19:14,866
234
00:19:14,866 –> 00:19:16,299
on
235
00:19:16,300 –> 00:19:22,966
a date in the short term is a weekly chart the short term you can’t touch as pu pu pu but I’m watching for that
236
00:19:22,966 –> 00:19:28,566
that break down the cause of the names that are in sizzle average TTL switches short of
237
00:19:28,566 –> 00:19:30,699
the triple queues
238
00:19:30,700 –> 00:19:35,433
many of the names in the triple queues at extremely high bid is
239
00:19:35,433 –> 00:19:38,133
meeting volatility
240
00:19:38,133 –> 00:19:44,499
they sell at very high multiples and a lot of them which are household names
241
00:19:44,500 –> 00:19:45,600
engraved revenues without no earnings and we’re seeing signs of a troubled fusion of oval face to
242
00:19:45,600 –> 00:19:46,700
be the motive that talked about face the reason and spoke about apple weeks ago
243
00:19:46,700 –> 00:19:54,033
244
00:19:54,033 –> 00:19:56,433
that you are looking weak and they did break down into those charts the moment but a steep hill to love is no rise to go getting lawn to ask
245
00:19:56,433 –> 00:19:58,866
you to know it’s good to watch because Wilbur look to by asking junior future bears to versa last week its problem at all 25 and a pullback further
246
00:19:58,866 –> 00:20:11,499
247
00:20:11,500 –> 00:20:16,900
know you’re down volume bars and distribution so as not to be cards yet
248
00:20:16,900 –> 00:20:18,766
on the knitting new over Daly shot because the
249
00:20:18,766 –> 00:20:20,032
250
00:20:20,033 –> 00:20:27,033
weekly chart is getting a sufficient information to say stay away as a law
251
00:20:27,033 –> 00:20:30,866
that path of least resistance is to the downside
252
00:20:30,866 –> 00:20:37,132
bell if we reverse and close higher next week the story becomes different if we see a reversal by what we saw here
253
00:20:37,133 –> 00:20:41,166
254
00:20:41,166 –> 00:20:45,032
during the week of December 7 court here
255
00:20:45,033 –> 00:20:49,933
the week of December 28 court here on February 3 week of where the fries and we have subsequent break out which fell will be looking
256
00:20:49,933 –> 00:20:54,833
to buy SQ que when we open up position of the Point I’m in and buy and a breakout above these resistance level
257
00:20:54,833 –> 00:20:59,999
258
00:21:00,000 –> 00:21:08,233
aggressively so why I am still negative on ask you to kill I am somewhat bullish on the components that make up the fang the stocks
259
00:21:08,233 –> 00:21:16,466
with a triple to stocks they still being one of the mud that some analysis a couple weeks ago off a small and imagine I did like these uptrend and
260
00:21:16,466 –> 00:21:21,966
Friday I still go and then we brought down the week before last below this lower band support
261
00:21:21,966 –> 00:21:27,499
Allison shot so now we need to revise is charted the
262
00:21:27,500 –> 00:21:27,566
263
00:21:27,566 –> 00:21:28,466
club event that OK so now we have a revised chart of face pope and store chain has some read the colors in fuel draw a line down a line
264
00:21:28,466 –> 00:21:29,099
that connects the all time high 11759 at our reason I110 0.55
265
00:21:29,100 –> 00:21:44,300
266
00:21:44,300 –> 00:21:48,966
you can see that on Friday last week we broke out was a very very bullish
267
00:21:48,966 –> 00:21:50,866
the problem is is that
268
00:21:50,866 –> 00:21:56,266
what was the lower band of support during his rally higher
269
00:21:56,266 –> 00:22:00,799
and a light is reflected in solid line here now Golub and a prior support is now acting as the upper band of resistance other bullish ions
270
00:22:00,800 –> 00:22:05,333
higher lows on your stroke at citizen for looking indicator looking good Mac team exports go buy them as well higher lows on win fans are
271
00:22:05,333 –> 00:22:14,366
272
00:22:14,366 –> 00:22:19,699
why am I concerned about the stock being able to make higher highs only one word and
273
00:22:19,700 –> 00:22:20,266
274
00:22:20,266 –> 00:22:21,099
volume there is no volume
275
00:22:21,100 –> 00:22:24,133
276
00:22:24,133 –> 00:22:25,866
vans
277
00:22:25,866 –> 00:22:31,699
is a short squeeze break out if we break down below this lower band of support we saw on Friday and close down there were coming down
278
00:22:31,700 –> 00:22:37,566
to this lower band of support and we put in the last week if we break a support level 104.40 it’s all over
279
00:22:37,566 –> 00:22:43,132
280
00:22:43,133 –> 00:22:52,399
for face will face will then becomes a short so I am an opportunist I am a capitalist I am a trader I am willing to buy a face book shares
281
00:22:52,400 –> 00:22:52,566
282
00:22:52,566 –> 00:22:58,566
and use a trailing stop laws and what the market take me out hopefully with a profit
283
00:22:58,566 –> 00:23:01,032
I will short with reckless abandon
284
00:23:01,033 –> 00:23:03,033
either a phrase book as an individual stock or be going back to the SQ que kill if I see the triple
285
00:23:03,033 –> 00:23:05,033
queues rollover of these used the SQ few queue as awaiting short
286
00:23:05,033 –> 00:23:13,699
287
00:23:13,700 –> 00:23:16,200
the feng names
288
00:23:16,200 –> 00:23:16,733
so face poked it showing signs of life they could break out but absent this volume folks is a very risky trade to the upside as of right now does
289
00:23:16,733 –> 00:23:17,299
not sure I would go thinking that was smarter than the market and shorting this stock right now it needs to break down
290
00:23:17,300 –> 00:23:33,300
291
00:23:33,300 –> 00:23:42,666
than its short because now it’s confirming weakness lower highs and out lower lows we don’t have that yet it’s not a short affinity along
292
00:23:42,666 –> 00:23:52,032
short term apple another name in the triple Q’s but right now short term on bullish on at Lionel that one years
293
00:23:52,033 –> 00:23:52,166
294
00:23:52,166 –> 00:23:54,099
but it’s looking good we’re out of the February lows we have pulled back put an orderly flat formation as we did on Friday we broke out
295
00:23:54,100 –> 00:23:55,400
numbers more to come on this one on Hal and LAN Le trade and apple note the
296
00:23:55,400 –> 00:24:07,066
297
00:24:07,066 –> 00:24:12,699
stokes making a higher lows now to begin to a backup once again of the gavel is a by its
298
00:24:12,700 –> 00:24:18,366
looking strong and was a volume this is the concern
299
00:24:18,366 –> 00:24:25,366
this is a consent volume that it’s not exist and on a breakout out of a flat formation
300
00:24:25,366 –> 00:24:31,666
that’s a concern if you just jump to this link
301
00:24:31,666 –> 00:24:39,699
and viewed at likes what all the same concern on faced all know the of all you buys on declining light volume
302
00:24:39,700 –> 00:24:47,266
take note of Apple’s volume buyers declining below average sentence leasing of baseball
303
00:24:47,266 –> 00:24:50,232
so be careful I think he can move higher
304
00:24:50,233 –> 00:24:54,366
than in suspect that the lack of institutional accumulation
305
00:24:54,366 –> 00:24:54,466
306
00:24:54,466 –> 00:25:01,866
and a last shot up to today is going to be three D systems we on a flat formations a stock that was recovering
307
00:25:01,866 –> 00:25:03,366
well before the markets and bottom so was the statute names I really attracted to be colors
308
00:25:03,366 –> 00:25:04,899
they varied onto a huge bear market now beginning to recover
309
00:25:04,900 –> 00:25:12,066
310
00:25:12,066 –> 00:25:15,399
its are relative out and former vs. the S&P 500 without flagging out
311
00:25:15,400 –> 00:25:17,500
312
00:25:17,500 –> 00:25:22,166
this is a continuation of breakout tray I think that’s funny going to succeed a volume on
313
00:25:22,166 –> 00:25:26,866
Friday was good if last a boast universal good stuff
314
00:25:26,866 –> 00:25:29,266
so members and other one where we will
315
00:25:29,266 –> 00:25:33,966
discuss on the weekend, terry our stride city of if and when we decide to get along of three D systems are the folks and let segue into the
316
00:25:33,966 –> 00:25:38,699
weekend, cherry again this will review the all of the overall markets and handed out our holdings as well as and when the dive into
317
00:25:38,700 –> 00:25:49,000
318
00:25:49,000 –> 00:25:54,933
unto me to you and I and three D systems of because look in the probably longer those
319
00:25:54,933 –> 00:26:00,866
cutbacks in Apple’s well early this coming week so lets out less capable of
320
00:26:00,866 –> 00:26:07,666
market pulse check the help of the overall market to look at the ball to drive C and that’s why does the ball to drive C index matter