08/24/2020 Market Recap

[Cobra]

Still 40% chances of double top here.

[Cobra]

SUMMARY:

Range day, called the 2 range low right (the 2nd one wasn't called officially though), didn't see the range top as it was mainly consolidation then slowly down so not obvious.

NOTE:

Right - called the 1st range low here (viewtopic.php?f=2&t=4171&p=286314#p286314).

N/A - reminded the support here which turned out to be the 2nd range low (viewtopic.php?f=2&t=4171&p=286328#p286328).

The close.

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

[Heck]

In the past, stocks removed from the Dow outperformed it

That might be PFE, RTN and XOM

PFE Target + 51 %
From 38.41 to 58
+ 3.9 % Dividend
80 % Margins
99 % Debt/Equity

RTX Target + 40 %
From 60.13 to 84.25
+ 3.1 % Dividend

XOM Target + 35 %
From 41.09 to 55.35
+ 8.4 % Dividend

[Heck]

Powell set to deliver ‘profoundly consequential’ Jackson Hole Virtual speech, changing how Fed views inflation

Fed and other Central Banks looking for new financial formulae ?

July 2020 ShadowStats Alternate CPI (1980 Base) Rose to + 8.6% Year-to-Year

SPY Past Year + 20.39 %

June Year to Year M1 + 37 %

SLV Past Year + 50.46 %

Second-Quarter 2020 Real GDP Just Lost Five Years of Headline Economic Growth

31 M Americans on Unemployment

100.5 M Americans of working age Not In Labor Force

[Heck]

CA Gov Gavin Newsom's Ex On Fire
https://tinyurl.com/y22e7rbh

[Heck]

MTUM 146 Target Met

[Heck]

CA Gov Gavin Newsom's Ex On Fire
https://tinyurl.com/y22e7rbh

538 Top poll repeats
Biden has 71% chance to win
Just like Hillary Clinton’s 71.4%
Drudge 'TRUMP OR DOOM'

BEARYA

[Heck]

A hundred years of Rockefeller-medicine propaganda has entrained gullible populations to “fear the germ,” forget the inherent strength and resilience of their own immune systems, and forget what health is

As I keep mentioning, if germs were the basic problem, we would all be dead a thousand times over, because the gigantic number of microbes in our bodies and the environment is incalculable

Jon Rappoport on COVID-19

[Heck]

CNN Cuomo
We Didn’t Fact-Check DNC
Because ‘They Are Not Lying the Way Trump Does’

Good thing markets have facts
Price

[Heck]

Despite the fact that the SPLC Southern Poverty Law Center has lost defamation lawsuits and has served as an inspiration for acts of domestic terror, major corporations continue to rely on it to identify “hate groups” and “hate speech.” In 2018, the Daily Caller revealed that Amazon, Google, Facebook, and Twitter all work with the discredited far-left organization.

[Heck]

Herschel Walker
I Take It As A Personal Insult
When People Call Trump A Racist

[Heck]

In Irons
https://tinyurl.com/y4xpwkvx

[Heck]

Reset
https://tinyurl.com/y2tmoprf

[Heck]

NY Subway Windows Being Smashed At Such Rate
MTA Can't Get Glass Fast Enough To Replace Them
Deja vu Ed Koch before Rudi Giuliani

[Heck]

Lockdowns
https://tinyurl.com/y4cvcf9t

[Heck]

Power to the People
https://tinyurl.com/y4h4xkx3