08/26/2020 Live Update

[Cobra]

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Consolidation under a resistance, breakout is more likely. Possible range day.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/08 ... ay-update/

[BullBear52x]

Counter trend is not for the faint of heart. sell

[BullBear52x]

That was quick 5 handles, now give me 20.

[BullBear52x]

Be fearful when everyone is greedy, the old man who said it is very fearful right now.

[BullBear52x]

Fed big day tomorrow, they will not let it down, common sense. be nimble on both sides.

[Heck]

QQQ SELLING < 290.24 edit

2.5 Index Long Opening Undervalued PUTS for each call = DOWN DOWN DOWN

Junk Bond Demand Extreme Greed
Investors in low quality junk bonds accepting 2.05 percentage points in additional yield over safer investment grade corporate bonds. Spread much lower than typical during last two years and indicates investors are pursuing higher risk strategies.

Market Momentum Extreme Greed
S&P 500 15.47% above 125-day average. Further above average than typical during last two years. Rapid increases like this indicate extreme greed.

Fear Factor

Sentiment Speaks: The Fed May 'Cause' You To Get Caught In The Next Crash
https://tinyurl.com/y2fayg3y

Melania WH Olive Drab
This is War

https://tinyurl.com/yyzdo4vl

AMERICAN AIRLINES CUTTING 19,000 JOBS

54% Of San Francisco Storefronts No Longer In Business

Miami Has 30 Months' Of Unsold Condos After Covid Ravages Its Economy

Mortgage Delinquencies Decade High

Same old swan song

CNN ad hominem attacks on RNC Speaker First Amendment Rights

Hillary tells Joe not to concede election results

Pelosi calls Rs Enemies of the State

Market Insanity: Companies Selling Secondary Stock In 2020 Outperforming Nasdaq By 40%

(Market paying insiders to sell)

[Cobra]

It's morning hourly filled black bar again.

[BullBear52x]

Another one here, will keep at it until the ink is empty,

[Al_Dente]

SOME SECTORS, last 10 days %

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend which would be a surprise to me.

[BullBear52x]

Surprised to me too. how we continue to make a new high with these internals.

[BullBear52x]

Dow were like this is crazy kids.

[BullBear52x]

12 handle range, so far very tight, need more volatility. 3-5 handles day still.

[BullBear52x]

This divergence say something about how awkward the US market is. Blue chip is so yesterday now.

[Cobra]

So it's a surprisingly uptrend day, at least this bull shall have legs.

[BullBear52x]

FIb fan since 2009 low

[BullBear52x]

Last sell for me, give me 20 handles today I will hold overnight.

[Heck]

Dow were like this is crazy kids.

BEARYA

[Heck]

So it's a surprisingly uptrend day, at least this bull shall have legs.

Wings ?