08/26/2020 Live Update

[Heck]

Sam Zell
Outspoken founder of Equity Group Investments, who describes himself as right-leaning independent, doesn’t agree with policies under former President Barack Obama and former Vice President Biden, saying failed income redistribution strategy in previous administration exacerbated nation wealth inequality (poverty). Calls Retail falling knife that hasn’t hit bottom yet

BEARYA Biden Harris ?
BULLYA Trump Pence ?

[Heck]

CRM SELLING < 277.97

[Heck]

Kansas City Fed President Esther George has concerns about double-dip recession

[Heck]

RLFTF SELLING < 62 cents
https://tinyurl.com/y4ww2g6k
https://relieftherapeutics.com/

Beware COVID-19 pennies from heaven

[Heck]

Hurricane Laura forecast to bring ‘unsurvivable’ storm surge to Texas-Louisiana border as Category 4

Hurricane Laura one of fastest-intensifying storms in Gulf of Mexico

Hurricane season on track to become one of worst in recorded history

Market rallying to set up Big Short ?

[Heck]

Facebook warns Apple’s iOS 14 could shave more than 50% from Audience Network revenue

AAPL Target + 120 %
From 500.33 to 1103.14
+ 0.6 % Dividend
69 % ROE
157 % Debt/Equity

FB Target + 60 %
From 284 to 453.44
81 % Margins

Market Paradox
Can last longer than Short SMA Special Memorandum Account

Pigs can fly
For a time

[Cobra]

The pullback likely will be bought.

[Heck]

CBs Driving Shiny Rocks ?
https://tinyurl.com/yxpdh3pt

[Cobra]

Members only update at 12:42 pm
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[Heck]

ROKU Target + 88 %
From 151.13 to 283.48
+ 203 % 52 week range

[Al_Dente]

DIVERGENCE
As QQQ and the FANGs make highs
Options traders are buying puts on QQQ (bottom panel, dashed black line)

[Al_Dente]

Mass evacuations now in TX, LA gulf coast
but highways are not crowded

[Heck]

TSLA Target + 48 %
From 2053.29 to 3029
144 % Debt/Equity
+ 883 % Past Year

Traders go mad in mobs all at once
Regain their senses slowly one by one

[Al_Dente]

per TA
in a "normal" market, when the indices overshoot, there is usually a pullback inside the channel
LOL
LOL
overbought for three days, and nobody cares

[Heck]

MRNA Target + 32 %
From 66.03 to 87.3
+ 369 % Past Year
COVID Craze
No earnings

[Cobra]

Kind of ascending triangle, breakout likely.

[Heck]

per TA
in a "normal" market, when the indices overshoot, there is usually a pullback inside the channel
LOL
LOL
overbought for three days, and nobody cares

826fifteen.png.jpg

Algo ghosts don't care ?

[Heck]

17-year-old Kyle Rittenhouse arrested and charged with Kenosha first degree murders and labeled a "fugitive from justice"

Donald J. Trump@realDonaldTrump
We will NOT stand for looting, arson, violence, and lawlessness on American streets. My team just got off the phone with WI Governor Evers who agreed to accept federal assistance (Portland should do the same!)

Gavin Newsom Assures Californians Wildfires Are 'Mostly Peaceful' https://babylonbee.com/news/gavin-newso ... y-peaceful via
@TheBabylonBee

red close ?

[Heck]

SNL on the Market
https://tinyurl.com/y3nfojk8

[Heck]

Lumber Market
https://tinyurl.com/y3twg8xo