07/27/2020 Live Update

[Al_Dente]

A weekend investigation into winning Hedge Funds stategies concluded three things:
1) Hedge Fund Flows Are All That Matter
2) Adaptive trading signals (changed as needed) based on the behavior of different investors
3) an average holding period of eight days
"...we are just doing whatever the price-setters are doing at any given moment" ... merely frontrunning the central banks...

[Shaishen]

Thanks - yes, Kudlow style King Dollar or let it slide - healthy markets would be desirable but I can't see Mnuchin is ok with SPX 2500 prior to November.

[Pauthi]

Am i only seeing this or we all see that large topping patern that is under construction right now ? If all go ok for the bears in september we will revist march values on majors

What topic pattern? We have a stable uptrend since March.

[Heck]

UUP Target + 66 %
From 25.252 to 42

Debt Default Deflation

Relatively Scarcer dollars ?

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[BullBear52x]

Am i only seeing this or we all see that large topping patern that is under construction right now ? If all go ok for the bears in september we will revist march values on majors

What topic pattern? We have a stable uptrend since March.

[Heck]

Gold ATH

BULLYA

ARNGF Target + 101 %
From 1.91 to 3.84

[BullBear52x]

One more sell setup intraday for da bears, no new LOD from the next sell then it's time to do something else.

[BullBear52x]

ES, I preferred to sell the rip, the roll over could be a good sign of weakness, but it could be confusing if another push up is in play.

[Cobra]

It's the bear's last chances here to make a deeper range low.

[Heck]

red close ?

[Shaishen]

Profile suggests up once POC at 3225 is breached - then singles from Thursday will be target. Should at least reach the first Fib level around 3236 - of course any sudden news will eliminate this idea.

.

[Al_Dente]

LEAKED:
GOP Propose Slashing $600 Weekly Unemployment Bonus To $200.
The GOP proposal is also expected to include another $1,200 round of direct checks to individual Americans - subject to income-based reductions, as well as a "limited moratorium on evictions".
Also included will be billions of dollars for schools, as well as a five-year liability shield for businesses, healthcare providers and other industries.
There will be no money for state and local governments in the Republican plan.
Also excluded will be the payroll tax cut pushed by the White House, though the FBI may receive a new headquarters as part of the package.

[Al_Dente]

https://www.youtube.com/watch?v=gVpaXi5kuXA

[Cobra]

Testing day high. Assume we have the range high and low now.

[Shaishen]

NQ is doing what the ES is supposed to do.

.

[Heck]

Ed Yardeni says investors might be ‘delusional’ and the market is primed for a pullback

[Al_Dente]

Google's Blockbuster Work From Home Announcement
https://www.thestreet.com/mishtalk/econ ... nouncement

[Cobra]

Now breakout is a little more likely.

[Al_Dente]

EARNINGS:
Tuesday, July 28, before the open: MMM, MCD, PFE .......... after the close: EBAY, SBUX, V
Wednesday, July 29: after the close FB [but announced Today, Monday: “Facebook pushes earnings report to Thursday after Big Tech hearing is rescheduled”]
Thursday, July 30, after the close, AAPL, GOOG, AMZN