08/25/2020 Live Update

[Heck]

Leon Cooperman
Fed Created Speculative Bubble

[Cobra]

Near range high now, let's see any pullbacks.

[brokebybernacke2]

A new poll ... finds that 45% of Americans say they’re setting aside more money than usual. Twenty-six percent are paying down debt faster than they were before the coronavirus pandemic. In total, about half of Americans say they’ve either saved more or paid down debt since the outbreak began.
... About two-thirds say they’re spending less than usual during the pandemic.
https://apnews.com/15cd7d2d54286d7b0a895ba116fb99ef

45% of Americans made more money during than precovid = approx number getting unemployment bonuses. We should do this more often. Know a few, first time ever they saved for some.

[brokebybernacke2]

THE HURRICANE moved northwest over Cuba early today at 16 miles per hour ... with sustained winds of 70 miles per hour ... and it was due to intensify over the next two days, the National Hurricane Center said.
... Laura is projected to make landfall in the Texas-Louisiana border region late Wednesday night or early Thursday morning as a major hurricane, possibly Category 3.
Evacuations are underway all across the Gulf Coast.
https://www.reuters.com/article/storm-l ... SL1N2FR168

time to buy home depot. again.

[BullBear52x]

New sell setup, need a little more push up to overbought.

[BullBear52x]

The pajama warriors will be will ling to get out here if we reach 38ish. A good bye kiss on chart pattern.

[Heck]

Potemkin Village Market
https://tinyurl.com/yyvpen6c

BEARYA

[Heck]

Cobra SPY Trading Market Setups
https://stockcharts.com/public/1684859/ ... /533449494

Cobra VIX Trading Market Setups
https://stockcharts.com/public/1684859/ ... /533449495

Cobra McClellan
https://stockcharts.com/public/1684859/ ... /585389789

Thank you for the useful charts

[Heck]

As of Sunday, more than 26,000 Arizona unemployment claims sat in a backlog since March 2020

9 million American borrowers who have private student loans will not get relief

Only Kentucky and Montana agreed to kick in $100 in state funds for $400 per week to unemployed residents

Negotiations between Congress and White House officials over the next round of pandemic relief aid came to an abrupt halt in mid-August when Congress adjourned until after Labor Day two weeks after benefits expired

“It’s so disheartening to see my Representatives and Senators spend millions on campaign ads on TV, just bashing each other but not doing a damn thing about anything”

BEARYA

[Heck]

In the past, stocks removed from the Dow outperformed it

That might be PFE, RTN and XOM

PFE Target + 53 %
From 37.95 to 58
+ 3.9 % Dividend
80 % Margins
99 % Debt/Equity

RTX Target + 41 %
From 59.64 to 84.25
+ 3.1 % Dividend

XOM Target + 36 %
From 40.7 to 55.35
+ 8.4 % Dividend

[Heck]

DIA + 12.8 % last 10 years

SPY + 13.84 % last 10 years

QQQ + 20.43 % Last 10 years

Pretty soon we're talking real money

GLD + 25.61 % Past Year

SLV + 50.95 % Past Year

SLVP + 50.52 % Past Year

[Cobra]

Clear breakout, this bull shall have legs.

[BullBear52x]

sell again here, too little time left, not expect much.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[BullBear52x]

LH? only new LOD will confirm it, and that is not likely today for da bears but first thing first. stick to what you know. take 3-5 handles and kick back.

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381

[brokebybernacke2]

New sell setup, need a little more push up to overbought.

will be a thief in the night, when it happens.