Back to www.cobrasmarketview.com

   

07/25/2020 Weekend Update

07/25/2020 Weekend Update

Postby Cobra » Fri Jul 24, 2020 5:09 pm

Down 1 week, the next week has 61% chances to close up.
Attachments
2.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 46705
Joined: Sat Feb 12, 2011 10:29 pm

Re: 07/25/2020 Weekend Update

Postby Al_Dente » Fri Jul 24, 2020 5:24 pm

SentimenTrader, 7/24
724gold.png.jpg
User avatar
Al_Dente
 
Posts: 24385
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/25/2020 Weekend Update

Postby Al_Dente » Sat Jul 25, 2020 3:30 pm

NEXT WEEK's EARNINGS ARE CRITICAL:
Tuesday, July 28, before the open: MMM, MCD, PFE,
Tuesday, July 28, after the close: EBAY, SBUX, V
Wednesday, July 29: after the close FB
Thursday, July 30, after the close, AAPL, GOOG, AMZN

LAST WEEK IN EARNINGS:
INTC July 23 EPS beat but gross margins tumbled, stock down, in a “bear market” (down more than -20% from its June high)
TWTR July 23, EPS miss: stock sold off -2.34% Friday
MSFT July 22, EPS beat, stock down, off -9% from its June high
TSLA July 22, EPS beat, stock down, in a “bear market” (down more than -20% from its June high)
User avatar
Al_Dente
 
Posts: 24385
Joined: Thu Jul 21, 2011 2:29 pm

Re: 07/25/2020 Weekend Update

Postby BullBear52x » Sun Jul 26, 2020 1:07 pm

From "It is what it is department" Complacent correction is healthy, market got a high tendency to humble a trader from time to times. We are in an early stage of a correction, bulls need to turn this around fast or the selling will only getting worse. key focus is MACD Histogram on a daily chart, a breakout was clear earlier and now a failed breakout is also clear with MACD histogram to confirm it. based on auction house theory, a failed breakout means no buyers at the top range so the traders will have to lower the bid and ask to lower range. in any cases, in week to come I will pay attention to the histogram, a positive reading is a must before I will go bullish. for now down south to lower range is the direction.

High level of complacency lead to a correction, (internals)
2.PNG
Failed breakout from a bullish consolidation phase, see MACD histogram if bulls were to regain a strength. for now lower range is to be expected.
1.PNG
Short term trend is up, now that we are under 5 DMA caution is on the buy side, rips will be sold as long as we are trading under 5 DMA, no LL to called out, "NO BUY", only if bulls can regain a price back above 5 DMA, keep it simple. Peace!
4.PNG
Peace!
3.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23162
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/25/2020 Weekend Update

Postby BullBear52x » Sun Jul 26, 2020 1:34 pm

Bonus charts, Looking back 20 years, remember EBAY before Tech bubble busted? now the online store giant AMZN, it all will come to the point that will fundamental support their high flying price, let it be Fed induces inflation or growth. more time than not they will fall under their own weight.
1.PNG
2.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23162
Joined: Tue Feb 22, 2011 3:47 pm

Re: 07/25/2020 Weekend Update

Postby BullBear52x » Sun Jul 26, 2020 1:41 pm

Was EBAY then.....just a reminder, we human history not repeat but always rhyme
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23162
Joined: Tue Feb 22, 2011 3:47 pm


Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 14 guests