02/10/2020 Live Update

[Heck]

YTD Dow
Microsoft [18.2%]
IBM [13.9%]
Intel [10.1%]
Visa [9%]
Home Depot [9%]
Apple [8.9%]
Coca-Cola [7.8%]
McDonalds [7.3%]

[Heck]

YTD SPX
PG&E [63.7%]
L Brands [32.5%]
Lennar [24%]
Pulte [19.6%]
McKesson [18.3%]

[Heck]

YTD QQQ
Tesla [82.1%]
Microsoft [18.2%]
Workday [18.2%]
Ulta Beauty [16.7%]
NetEase [15.5%]
Mercadolibre [15.4%]
Amazon.com [14.7%]
Netflix [14.5%]

[Heck]

YTD MID
Taubman Centers [70.9%]
Mallkrodt Public [50.9%]
Penn National [36%]

[Heck]

YTD IWM
Aduro BioTech [141.1%]
La Jolla [98.2%]
Novavax [80.3%]
Nautilus [80%]
Acceleron Pharma [78.3%]
NantHealth [74.8%]
NantKwest [72.8%]

[Heck]

Dr. Copper:
The FT reports: "copper traders in China... have asked miners from Chile to Nigeria to cancel or delay shipments" due to a freefall in copper demand.
“It's not just copper that is seeing an implosion in demand: Chinese buyers of liquefied natural gas have also considered declaring force majeure, a clause that identifies natural disasters or other unavoidable catastrophes as cause for not fulfilling a contract.
https://www.zerohedge.com/economics/chi ... to+zero%29

OTHER SOURCES:  China on lockdown will result in a major negative impact on global trade.
The virus has given Powell free reign to cut rates and/or launch QE5. Markets have priced in precisely the likelihood that the Fed would step in and "fix" any stock selloff as a result of the world's global pandemic.

210COPPER.PNG.png

GLD Target + 35 %
From 147.91 to 199
Knocking at door of New HIghs

COPX Target + 51 %
From 17.605 to 26.5
+ 1.57 % Dividend Yield

SLV Target + 60 %
From 16.54 to 26.5

[JFR]

ES daily. The pullback did not reach down to the EMA 20.

[JFR]

ES 5. Strong move up at the open. Now in a base.

[Cobra]

The pullback wasn't sharp but it's touched EMA20 already which usually means the trend is near over so it's just a range day, even it's an uptrend day the up side should be limited.

[Heck]

GOOGL Target + 24 %
From 1475.2 to 1833.12

AMZN Target + 30 %
From 2084.96 to 2710.06

NFLX Target + 57 %
From 362.52 to 570.57

TSLA Target + 140 %
From 752.4 to 1807.4

Highfliers soar above the clouds

[te_fern]

My Browse button to pull up charts to post isn't working right now???

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[JFR]

ES 5. Down through the EMA 20 to the pivot.

[Heck]

Contagious New Highs
COST ATH
IYR ATH
QQQ ATH
SPYG ATH
XLP ATH

[JFR]

ES 5. Pushing down hard beneath the pivot and the support line.

[JFR]

Dow 30. Leaders and laggards about even on the Dow. BA and MSFT leading the way. XOM and UTX trailing.

[JFR]

Swing trade bias for 7 asset classes. DBC short, but just above a support level. GLD long. IYR long, breaking out. SPY chopping, scalps and day trades only. TLT long, nearing a top. USO short. UUP long. Just in my opinion.

All is quiet. Taking a break ...

[JFR]

ES 5. Flatlining. Squeezed by the EMA 20, the pivot and the trendline.

[Cobra]

Breakout of the blue line is more likely. Maybe it's a higher low the pullback today was over (not sure about this part but the breakout I'm sure).

[Al_Dente]

SentimenTrader sees an island on ES (because he doesn't count the shadows), and a hanging man
" ... looks ugly on a chart, and it did pinpoint several important peaks. Very short-term returns were below random, but beyond the first few weeks, there was no negative edge in the risk/reward ratio.
https://sentimentrader.com/blog/island-of-misfit-bears/