07/15/2020 Live Update

[Al_Dente]

interesting to see the insider selling in MRNA, via Jesse Felder
https://twitter.com/jessefelder/status/ ... 56/photo/1

[Al_Dente]

Oklahoma Governor Kevin Stitt reveals that he tested positive for COVID-19
During a Wednesday press conference with reporters, the Republican governor said that he is feeling fine and isolating at his home

Stitt is the first US governor known to have contracted the novel coronavirus.

[JFR]

https://www.marketwatch.com/

[Cobra]

Now maybe safe to say it's just a range day. The range low was in, now seeking the range high, assuming it's the day high.

[Mr. BachNut]

The NYMO cycle appears to be up.
It has been pretty weak lately, but today is finally putting in a higher high.
It did turn up after June 26th's close in the turn zone, but it has struggled to get positive.
The model calls for two closes above zero to confirm the up cycle.
It remains possible that we don't get confirmation or that it confirms just as the up cycle is petering out.
Or perhaps a bull run is in the offing.
This rise off the March low has been IMO funky and volatile. So, call me cautious on what NYMO is saying.

Price-wise, we have another gap today (both on the Index and on the future).
There are only two up gap targets left, and they are on the way to new all time highs.
As there are nine down gap targets, there is plenty for bears to eat when their time comes.

On one hand, it appears we have a cup and handle formation that could take us to test the February high.
On the other, we have what looks like an ascending wedge as we test the June high here.
If I were an Elliott Waver, I might be thinking 5th wave ending diagonal...

Tomorrow, we have a retail sales number that could be a market mover, and Friday is OPEX.
As long as the 200 day MA remains below, I would say bulls are in charge despite occasional days with cliff dives.

I am flat. I had an R2K short that got off one scale but stopped out this morning for a net loss.
No swing setup on deck at the moment.

[jaijailyc]

Thank you Mr. Bach! I am usually a lurker here and just wanted to show appreciation for your contributions. I find them super helpful.

[Heck]

$TRIN > 1

Two/Three ISEE = DOWN DOWN

ISEE long opening undervalued Indice PUTS Two Times calls = DOWN DOWN

Did i say DOWN ?

[Heck]

Thank you Mr. Bach! I am usually a lurker here and just wanted to show appreciation for your contributions. I find them super helpful.

Second that emotion

Bach and Beethoven Rock

https://tinyurl.com/c8kyqcg

[Cobra]

Members only update at 3:38 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 Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

[JFR]

SPY 5 minutes. Up 3.06 for the day.

Last post for a while. Got some projects that are time consuming. There is a market crash coming. Be agile. Stay safe. Stay healthy.