06/26/2020 Live Update

[JFR]

ES daily. Broken down out of the narrow range NR7, but is sitting on a trendline, for the time being.

[JFR]

ES 5. Strong move down at the opening. Pushing up against the pivot now.

[BullBear52x]

Classic bear flag

[JFR]

Dow 30. A sea of red, led by GS, NKE and AXP. CSCO bravely trying for green.

[JFR]

AXP and WBA, a smooth descent.

[Cobra]

Sorry on the call, a little late. The very first touch of EMA20 in 2+ hours is a sell, watch for short setup.

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2020/06 ... ay-update/

[JFR]

Some asset classes. DBC, SPY, USO down. TLT, and UUP up. GLD is heading up. IYR not sure what to do, but down a bit.

[JFR]

ES 5. Strong descent off the EMA 20 and the pivot.

[Cobra]

The 2nd test of the day low, let's see whether bulls can make a double bottom here, 50% chances.

[Al_Dente]

WEEK AT A GLANCE so far ... early

[BullBear52x]

Market profile, buy/sell at 1 STD zone.

[Al_Dente]

White House Task Force Delivers First Public Briefing In Months ... NOW
https://www.zerohedge.com/geopolitical/ ... to+zero%29

[Al_Dente]

THE BIG FIVE
(FB, red, ad-boycotts)

[Heck]

Newer lows bro's

Where she drops

Nobody knows

[JFR]

MSFT. Very strong since April. EPS up sharply. ROE at 44.20. It almost seems like a safe haven to me. (Not holding any at this time, mostly day trading.)

[JFR]

https://www.cnn.com/2020/06/26/tech/mic ... index.html

Meantime ...

Microsoft is closing all of its stores
Shannon Liao
By Shannon Liao, CNN Business

Updated 10:48 AM ET, Fri June 26, 2020
New York (CNN Business)Microsoft is getting out of the brick-and-mortar retail business.

The company announced Friday it will close down all of its 83 physical stores and switch to online only.
It will keep its London; New York City; Sydney, Australia and Redmond, Washington locations, but they will be reimagined as "experience centers," the company stated. They will showcase Microsoft's technology, such as Surface PCs, Xbox, "Minecraft," Windows and Office, but they won't necessarily sell anything.
The tech giant opened a bunch of locations in high-profile areas, such as Manhattan's Fifth Ave. But during the pandemic, many of its stores have remained closed, and Microsoft (MSFT) is abandoning ship.

[JFR]

ES 5. Edging up a bit off strong support. Taking a break. Back later ...

[Cobra]

Need decisively break the neckline above to confirm the double bottom. Right now I'm not sure whether it's a double bottom or not, maybe 51% chances. The rebound now means it's a range day.

[BullBear52x]

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