Cobra's Market View

Al_Dente wrote:

Al_Dente wrote:for companies getting a bailout:
no buybacks for 12 months after you pay it back
no dividends paid out during the duration of the "loan"

MORE DETAILS
companies defer payroll tax until 2021
potus companies cannot take aid
restrictions on layoffs (NO layoffs, I think)
$350b small business help

MORE:
gov will take equity stake

DELAY:
Senators are working on an amendment which would ensure that the maximum unemployment benefit is 100% of someone's salary.
GOP: Unless this bill is fixed, there is a strong incentive for employees to be laid off instead of going to work. 

SPY 5. Riding and testing the EMA 20.

Al_Dente wrote:

Al_Dente wrote:

Al_Dente wrote:for companies getting a bailout:
no buybacks for 12 months after you pay it back
no dividends paid out during the duration of the "loan"

MORE DETAILS
companies defer payroll tax until 2021
potus companies cannot take aid
restrictions on layoffs (NO layoffs, I think)
$350b small business help

MORE:
gov will take equity stake 

$14 billion to the Agriculture Department’s Commodity Credit Corp, and another $9.5 billion for U.S. farmers hurt by the pandemic.
U.S. airlines are set to receive $25 billion for payroll costs in cash grants that do not need to be paid back.

GM didn’t ask for a bailout due to the feared impression that they can’t exist without repeated bailouts.
But auto and parts makers stand to benefit from other provisions, including a 50% employee retention tax credit, and suspension of the employer share of payroll taxes for two years.
[GM and its employees paid more than $3.15 billion in state, local and payroll taxes in the United States in 2018.]

2550 a cake walk it is......Tomorrow is another day, entering sell zone, now bulls need to continue pushing. Peace!

Jobless claims set for release Thursday could soar by as many as 4 million

BULLYA

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

ES 5. Down beneath the pivot.

Another view. SPY 5. Have a good evening. Stay safe. Stay healthy.