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08/01/2020 Weekend Update

08/01/2020 Weekend Update

Postby Cobra » Fri Jul 31, 2020 5:07 pm

Up 1 week, 78% chances higher high ahead the next week, so bulls should be fine holding positions over the weekend.
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Re: 08/01/2020 Weekend Update

Postby Al_Dente » Fri Jul 31, 2020 8:06 pm

A quick summary of the TECH giants and their testimony on Capitol Hill
https://www.rollingstone.com/politics/p ... i-1035420/
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Re: 08/01/2020 Weekend Update

Postby Al_Dente » Fri Jul 31, 2020 8:07 pm

Coronavirus outlier:
The Eastern Band of Cherokee Indians, North Carolina.
In March, Tribal leaders did not wait for state and federal guidelines…. Everything was based on data …
https://www.theatlantic.com/ideas/archi ... ve/614734/
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Re: 08/01/2020 Weekend Update

Postby Al_Dente » Sat Aug 01, 2020 12:31 pm

When AAPL opens on Aug. 31, with a four-to-one split, it will then have less influence in the Dow, which is a PRICE WEIGHTED index.
Apple's stock split will not affect its weight within the S&P 500 , which is a CAPITALIZATION WEIGHTED index.
https://www.reuters.com/article/us-appl ... SKCN24V3TE

As of the close 7/31, APPL is the #1 heaviest weight in the dow, at 11.03% weight (on Thursday, 7/30 it was 10% !!!)
The #2 weight is UNH at 7.86% of the dow
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Re: 08/01/2020 Weekend Update

Postby Al_Dente » Sat Aug 01, 2020 1:21 pm

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Re: 08/01/2020 Weekend Update

Postby Heck » Sun Aug 02, 2020 8:21 am

Shorts Across The Globe Capitulated = DOWN
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Re: 08/01/2020 Weekend Update

Postby Heck » Sun Aug 02, 2020 9:03 am

For the First Time Ever, Uncle Sam’s Aid to U.S. Tops Quarterly GDP = DOWN
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Re: 08/01/2020 Weekend Update

Postby Heck » Sun Aug 02, 2020 11:13 am

Robin Hood CLOs = DOWN

https://tinyurl.com/yyxllfz4
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Re: 08/01/2020 Weekend Update

Postby Heck » Sun Aug 02, 2020 11:19 am

Gold Traders Issue Largest Delivery Notice on Record at COMEX
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Re: 08/01/2020 Weekend Update

Postby Al_Dente » Sun Aug 02, 2020 2:00 pm

This is the Relative Strength/Rotation on the week

81rel str.png.jpg

https://stockcharts.com/public/1684859
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Re: 08/01/2020 Weekend Update

Postby BullBear52x » Sun Aug 02, 2020 2:26 pm

From " It is what it is Department" no change from my last week assessments. nothing really change internally, this 8 cylinders economy still running on one working cylinder, the other 7 is barely move. Key focus MACD Histogram still under zero line I don't BUY it. this is from last week
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lets see what we have now, Not much, sideways to down will be my expectation.
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Over all weak momentum, Doji on Friday doesn't make it bullish.
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Bullish percentage are not looking like they will fly high. LL all week long.
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Short term trend is up, bulls regain a price above 5 DMA, on this time frame dip should be bought, for now it is very overbought, I am expecting a pull back during Monday trade then will see if it can still hold on over 5 DMA then I might buy in, sideways consolidation is clear, indecision in the market. Trade well, Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
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