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Thursday, August 20, 2020

Edging Higher Towards Another All Time High After Stock Markets Had Rebounded

       Starting with the stock investments that we had purchased over the last few months and the estimate on timeline of when the MACDs would be driving these stocks further up.      The interesting thing about MACDs has two positive and two negative, with the two lines first that are usually a red and blue line.

       Red line is the negative line that signals that the stock is about to decline, the blue line is the positive line that indicates that the stock is rising in price.       Now when both lines are dropping as they can fall onto the negative side and usually the Relative Strength Index at times can fall below the 40 percent barrier.       Now when both of the MACDs lines are moving upward, that is indication that there is momentum in the stock and both lines can push onto the positive side.        When that happens the blue line at times can begin pulling away from the red line and then stocks end up making like huge jumps for the day.        Two of the investments we are expecting for AVEO Pharmaceuticals and Soleno Therapeutics to see some huge daily price jumps.        CohBar Incorporated has stalled out on its most recent climb around a week ago, as it has happened on multiple of other stocks suddenly climbing and then returning with another climb on the MACDs.          Even though we had made some more money for "The Carson Funding Investment Club and we still have the one backer for $40 thousand.         The experimentation had gained around another $400 hundred and its just a few hundred away from the all time high that we had a week ago.           The stock futures are up slightly after hours: DOW up by .07 percent, S & P 500 up by .07 percent and the NASDAQ up by .02 percent.           Here are the top 10 performing industry sectors:

1) Publishing - Newspapers +10.13 up by 15.90

2) Food and Dairy Products +142.30 up by 15.30

3) Mining - Silver +128.71 up by 6.59

4) Mining - Gold +94.11 up by 3.89

5) Retail - home Furniture +185.80 up by 3.70

6) ETFS - Precious Metals +62.73 up by 3.15

7) Auto - Domestic +90.67 up by 3.14

8) Transportation - Airlines -30.25 up by 2.79

9) Industrial Services +29.62 up by 2.64

10) Business Services +7.41 up by 2.63

          The bottom 10 industry sectors:

1) Semi Fab Foundries +98.98 down by 3.11

2) Medical - Dental Suppliers +34.02 down by 1.86

3) Waste Removal Services -0.29 down by 1.73

4) Retail - Wholesale Auto and Trucks +42.90 down by 1.70

5) Electronic - Parts Distributor -3.60 down by 1.70

6) Fiber Optics +14.95 down by 1.70

7) Chemical - Diversified +11.75 down by 1.69

8) Finance - Investment Management -3.18 down by 1.68

9) Oil - US Royalty Trust -37.67 down by 1.67

10) Machinery - General Industrial +11.42 down by 1.67

        With how the stock markets have been performing since the huge drop in March of 2020 from the Coronavirus and still going through a recession.        Having a bunch of pharmaceuticals or bio techs working on a vaccine and with a few of them completing phase three coming in September 2020.

        Investing into bank stocks next month, especially finding ones that have went under the barrier or the 40 percent on the Relative Strength Index, as there could be a few banks turning around.

        Back on the post dated (7/13/20) we had mentioned about this stock at a good price value to purchase Cutera Incorporated.       On (7/13/20) this stock closed at $11.44 and today (8/20/20) Cutera has went up by $1.48 to $16.64.

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