09/01/2020 Live Update

[Cobra]

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Remember the 3 push up pattern I said? The last push usually is a lower high so now we may have that, just may, let's see. So far looks like a range day though.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Heck]

QQQ SELLING < 299.32 edit

SPY SELLING < 351.82
https://tinyurl.com/yxo7xuzy

AAPL SELLING < 133.05 edit
Earnings decline since Q1

AMZN SELLING < 3,513.87 edit
Earnings Decline after + 606 % Surprise
FAA Delivery Drones approved

TSLA SELLING < 502.49
Selling $5 B in stock

ZM SELLING < 478 edit
+ 103 % Blowout Earnings

Crazy Market
https://tinyurl.com/nc3dzys

[Heck]

Corporate Tax Receipts < 2000
https://tinyurl.com/yyhga25t

BEARYA

[Heck]

FXY Target + 22 %
From 89.32 to 108.41
BRK/A Issued $6 B Bonds in Yen

[Heck]

5G
https://tinyurl.com/yyxyaa7j

BEARYA ?

[Heck]

Big D
https://tinyurl.com/y6zzq624

BEARYA

[Heck]

SDY Target + 47 %
From 95.59 to 140.08
+ 3.6 % Dividend Yield
0.35 % Expense Ratio
15.6 B Market Cap
Market Dividend % near All Time Lows
https://www.multpl.com/s-p-500-dividend-yield

[Cobra]

Members only update at 10:18 am
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

The pullback means likely it's just a range day, unless strong breakout in the next couple of bars which I wont' expect.

[Al_Dente]

Pundits have questioned how the market (top panel) and the VIX, VXN (bottom panel) have both been up, and how long can that continue.
All of those Tech longs have to be hedged, via buying puts [this “upside-crash” has to be hedged, McElligott  9/1]

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Heck]

AAPL put about $70 B more dollars into the financial ether, inflating pension and sovereign funds sufficiently to feed, house and clothe California’s six million retirees from now until Christmas
Rick Ackerman

Chicago Gangs Form Pact To Execute Cops

Federal appeals court says it will act by end of day on Trump bid to block tax return subpoena

70% Of Americans Demand More Stim, Congress three months late, on long vacay

NYC Mayor Strikes Deal With Teachers Unions To Delay Return To Classrooms

Parents Protest Massachusetts' New Mandatory Vaccination Rules

Portland State Police Declare Riot

BEARYA

[Cobra]

Not a valid breakout yet but consolidation here would favor bulls.

[Cobra]

Maybe now it's safe to say the pullback if any probably would be bought (this bull shall have legs).

[Cobra]

Probably it's safe to say $TSLA indeed was an exhaustion bar yesterday. If huge volume today then maybe still some further pullback
viewtopic.php?f=2&t=4186&p=286654#p286654

[Cobra]

Ryan Detrick, CMT
@RyanDetrick

There have been 26 other 5 month win streaks for the S&P 500 since 1950.

Incredibly, a year later the S&P 500 was higher 25 of them.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381