04/24/2020 Live Update

[Cobra]

More than 100% measured move, so this bull should still have another leg.

[Heck]

Gold: 13.31% YTD
US Dollar: 4.66% YTD
Bonds: 4.37% YTD

NEM Target + 54 % from 61.76 to 94.8
UUP Target + 55 % from 27.16 to 42
EDV Target + 40 % from 174.5 to 243.5
+ 1.9 % Zero Coupon Treasury Yield

[Heck]

$VIX Target + 517 %
From 36.8 to 227.12

BEARYA

[BullTart]

from over at Daneric... this is the most probable count... we may be start the final push up to z to complete wave (2) up before it all falls apart.

currently long UPRO

[Heck]

C Target - 100 %
From 43.22 to 0
- 4.7 % Dividend

Debt/Equity = 282.52 %

[Heck]

Bill Gates: ‘I wish I could say that we’re halfway through’ coronavirus pandemic

[Heck]

The Fed Should Go Negative Next Week
To fight a deepening recession, it should take U.S. interest rates below zero for the first time ever.
Fed can block large banks from paying dividends.
High unemployment and rapid disinflation are powerful arguments in favor.
Next week, the Fed should take interest rates at least a quarter percentage point below zero.

President of the Federal Reserve Bank of Minneapolis from 2009 to 2015.

[merryme]

Boeing Layoffs:

https://www.thestreet.com/video/bad-new ... nd-layoffs

[Heck]

US says hedge funds, private equity funds
Not eligible for small business relief loans

BEARYA

[Al_Dente]

Current SPY weighting
Click on HOLDINGS
https://www.ssga.com/us/en/individual/e ... -trust-spy

[Heck]

Possible C&H, bias is up. I don't think it's a double top. Let's see.

Good call Cobra

[Heck]

NYSE eyes reopening trading floor

[Heck]

[quote="merryme"]Boeing Layoffs:

BA Target - 100 %
From 137.57 to 0

Debt To Equity = 11,795.20 %

[Heck]

Today market running da bears

Will the market open Monday ?

[Heck]

BRK/B Target - 49 %
From 187.50 to 94.92

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

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

[Heck]

More than 100% measured move, so this bull should still have another leg.

Great call

[Cobra]

More than 100% measured move, so this bull should still have another leg.

Great call

Thanks.

[jademann]

My call fwiw is 100% long SPY until VIX ~ 25! Have a goodun!