07/23/2020 Live Update

[BullBear52x]

No man's land, bears need to see a closed under 38.2% to see the run down continuation.

[BullBear52x]

ES down targets.

[Cobra]

As I said, consolidation along the support would be bad. Now the next target could be the yesterday's low.

[Cobra]

Testing the yesterday's low, still the same: Consolidation would mean break down. Break though without a pause then likely it's just a head fake. Sharp rebound then it's the new range low.

[Al_Dente]

put buying

[BullBear52x]

From here on the short term swing sell position is on. Short term swing sell stop is 3260. time to go fishing bears.

[BullBear52x]

For ES, I will be ahead 20 handles before I will hold anything overnight.

[BullBear52x]

That's all she wrote for me today. have a good one, tomorrow fishing I don't see a trend day but sideways. will check early in the morning but not planing to trade, don't want to ruin the fishing trip. Peace!

[jademann]

I am on the ground here in SF CA. I shoundnt have come. Absolutely nothing is open. Nothing to do , nothing to eat. The place is deserted. Can’t rent a car. Can’t visit Yosemite.tookthe risk in coming but wasted time and money. What. A vacation...
Wondering if we are witnessing the end of the FANG trade now that some reached 1.7T dollars!

[Cobra]

Generally the rebound should be sold somewhere.

[jademann]

On squawk they just said aapl being investigated for deceptive practises oops!

[Al_Dente]

Who is still above 5dma, at the moment:
XLV health
IWM smalls (on the cusp)
KBE big banks in the spx
XLI industrials
RCD equal-weight discretionary
XRT retail
XHB homebuilders
also
GLD gold (GDX miners are on the cusp)
XLE but not USO
all bonds
staples
utilities

[Al_Dente]

Who is below 5dma, at the moment:
SPX
INDU
QQQ
FANGs+
SMH semis
XBI biotech
XLRE and IYT real estate, both are all over the place

[Al_Dente]

at exactly 2:30pm the Fed announced that it had "broadened the set of firms eligible to transact with and provide services in three emergency lending facilities.
https://www.federalreserve.gov/newseven ... 00723a.htm

and zh opines:
https://www.zerohedge.com/markets/stock ... to+zero%29

[Al_Dente]

EPS Today, Thursday, July 23 after the close: ETFC, INTC
Tomorrow, Friday, July 24, before the open: AXP, VZ

[Al_Dente]

I wanted to see if the Fidelity folks were selling TECH
They are not ... they're buying at the moment
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397

[wishful]

Just curious, was yesterday an all up day? Stock, Gold, Bond, , Etc