Cobra's Market View

Posted: **Fri Jun 26, 2020 1:17 pm**

restructure for future growth, at the mean time, hell with the workers.

Posted: **Fri Jun 26, 2020 1:35 pm**

It's Friday, magic value area (balanced). Peace!

Posted: **Fri Jun 26, 2020 1:50 pm**

BullBear52x wrote:Why no one mentioned HoneyWell? lay off on second round today.

Honeywell? Closing Coon Rapids plant, eliminating 212 jobs.

https://www.washingtontimes.com/news/20 ... in-august/

Honeywell closing Coon Rapids plant in August

By - Associated Press - Friday, June 26, 2020
COON RAPIDS, Minn. (AP) - Honeywell International says it will close its plant in Coon Rapids in August and eliminate dozens of jobs as it consolidates its production into other U.S. operations.

The Coon Rapids plant employed 212, but the company says some employees have retired, transferred or found other jobs since it told them of the plans to close last year.

BullBear52x wrote:restructure for future growth, at the mean time, hell with the workers.

However, it seems to be in good shape financially. As BNB52 notes: "to hell with the workers." Companies with a social conscience? Bottom line, Baby --> Profits.

EPS strong.

: 2020-06-26_1045.png (4.02 KiB) Viewed 2268 times

ROE strong.

: 2020-06-26_1046.png (3.7 KiB) Viewed 2268 times

Posted: **Fri Jun 26, 2020 2:42 pm**

ES 5. Down to a key support level.

Posted: **Fri Jun 26, 2020 2:50 pm**

Text book target. Sharp rebound here would be 3 Push Down which if indeed then bulls finally see chances.

Posted: **Fri Jun 26, 2020 3:25 pm**

Not looking good, consolidation usually means continuation in this case is down.

Posted: **Fri Jun 26, 2020 3:38 pm**

Members only update at 3:38 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

Posted: **Fri Jun 26, 2020 3:50 pm**

ES 5. Support holding, for the time being. Another stock market week has come and gone. Have a good weekend, Everyone.

Thank you, Cobra, for your hosting and calls.

Posted: **Fri Jun 26, 2020 3:54 pm**

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

Posted: **Fri Jun 26, 2020 3:55 pm**

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377

Cobra's Market View

06/26/2020 Live Update

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