07/31/2020 Live Update

[Heck]

If we get a negative NYMO close today, the cycle flips from up to down.
We have a lower high lower low pattern and two negative closes in the works.

Price has been consolidating for almost three weeks.

Good stuff
https://tinyurl.com/c8kyqcg

[Heck]

$TNX LOD Red
Leading stocks DOWN

[Al_Dente]

THE BIG FIVE
last 8 days %

[Heck]

PAAS Target + 159 %
From 36.028 to 93.33
+ 146 % Past year

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Al_Dente]

What are the Fidelity retail folks buying/selling?
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[Heck]

TSLA Target - 30 %
From 1517.05 to 1061

[Cobra]

Break down now is likely. Measured move down possible.

[Heck]

New lows bro's

[Cobra]

mini rebound target, exceeds it then the 2nd range low is in, otherwise forget about bulls.

[Al_Dente]

If you thought the S&P-5 was too concentrated and top heavy, try the S&P-3:
July 30 Earnings
FB beat, ATH
AMZN beat, stock near its July high
AAPL beat, ATH
GOOG beat, stock down

Last week’s earnings:
EBAY July 28 beat, stock down
INTC July 23 EPS beat but gross margins tumbled, stock down, in a “bear market” (down more than -20% from its June high)
TWTR July 23, EPS miss, stock down
MSFT July 22, EPS beat, stock down
TSLA July 22, EPS beat, stock down, in a “bear market” (down more than -20% from its June high)

[Al_Dente]

WEEK AT A GLANCE, early
Why is Health (orange) down? Two weeks ago today: President Trump told Chris Wallace he would be "signing a health care plan within two weeks, a full and complete health care plan." We’ll see what develops...

[Cobra]

Possible higher low, bias is now up.

[Al_Dente]

(Reuters) - Australia will force U.S. tech giants Facebook and Alphabet Inc’s Google to pay Australian media outlets for news content in a landmark move to protect independent journalism that will be watched around the world.
https://www.reuters.com/article/us-aust ... SKCN24V3UP

[Cobra]

Members only update at 3:40 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 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

[Bman69]

Hey Cobra, all up day isn’t it? Does this mean anything any more? Thx

[Heck]

"Sell US On Political Dysfunction, Stalled Stimulus & Souring Jobs"

[Heck]

Apple surpasses Saudi Aramco to become world’s most valuable company