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07/30/2020 Market Recap

07/30/2020 Market Recap

Postby Cobra » Thu Jul 30, 2020 4:26 pm

Still 50% chances of double top here. Noticed that bulls haven't been able to make strong follow through for awhile now.

spy.png

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Re: 07/30/2020 Market Recap

Postby Cobra » Thu Jul 30, 2020 4:32 pm

SUMMARY:

Range day, not sure how high the rebound could go whole day.

NOTE:

N/A - explained how I'd judge downtrend day or range day here (viewtopic.php?f=2&t=4132&p=285325#p285325).

Right - called the rebound target (viewtopic.php?f=2&t=4132&p=285326#p285326).

Somewhat right - called range day here (viewtopic.php?f=2&t=4132&p=285335#p285335).

Wrong - called more up here unfortunately there's no breakout till the close (viewtopic.php?f=2&t=4132&p=285353#p285353).

The close.
3.png


DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

    My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
    Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
    Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

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Re: 07/30/2020 Market Recap

Postby Heck » Fri Jul 31, 2020 8:41 am

Dog that did not bark
Big Tech blowout earnings, stock futures barely higher
BRK/A owns 11.8 % of BAC
Congress no corona deal as $600/week unemployment benefits expire
Epstein gave info to FBI as agreed, move over Watergate for Weiner Laptop
XOM shares fall after loses money for 2nd straight Q
Feds pledge $4 B to Pharma for vaccines
Gold biggest monthly gain since Jan 2012
KODK 89,000 RH owners puke ?
"No Proven Effectiveness" - Netherlands Refuses To Mandate Mask Wearing In Public
Seabreeze covers and hibernates ?
$TNX Red
$TRIN > 1

ND.1 Sep Fut SELLING < 10,939.00
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Re: 07/30/2020 Market Recap

Postby Heck » Fri Jul 31, 2020 9:15 am

FID Target - 68 %
From 14.275 to 4.5
- 4.9 % Dividend
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