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Monday, August 31, 2020

Gaging in how these US stock market boards are fairing.

     Examining in how the NASDAQ has been performing over the past few months and the last recent 4 times it has had a decline in where it has dropped down into the 50s on the Relative Strength Index.

     From 5/13/20 to 6/11/20 the NASDAQ was up throughout those days, until it had fallen back down into the 50's on 6/11/20 on the Relative Strength Index.  Then from 6/11/20 the NASDAQ had another run pushing it up further until 6/26/20 when it declined and so the Relative Strength Index fell back down into the 50's.    Next one after that was on 7/24/20 when the NASDAQ went down and again on 8/11/20, this pattern is averaging around 23 days.     We could be seeing the NASDAQ have another correction either on September 2nd or the 3rd in the year of 2020.          Now the S & P 500 had just gone through two recent climbs with the previous one lasting 28 days and this one that its in already at 38 days.

    The pattern was showing on both the NASDAQ and the S & P 500 around an average of 23.5 days until it would see it decline back down in the range of the 50's.     At the moment the S & P 500 has begun its decline with it exceeding that average of 23.5 days.        On these dates the S & P 500 had declined with it dropping on the Relative Strength Index in the 50's on 4/21/20, 5/13/20, 6/11//20, 6/26/20 and 7/24/20.

    Except that the DOW in its last 4 corrections is averaging around 19.5 days, here are the last times it has fallen on the Relative Strength Index into the 50s.   Dates 5/13/20, 6/11/20, 6/26/20, 7/9/20 and 7/30/20, at the moment the DOW has exceeded past this average and so the correction has begun.

    Even the stock futures for all US major stock boards are declining by small percentages at the moment with the DOW down by .10 percent, the S & P 500 down by .15 percent and the NASDAQ down by .06 percent at 2:16 PST.        My investments had gained some more, except that all three of them are declining in after hours.      Update on the after hours for the three major US stock market boards: DOW down by .08 percent, S & P 500 down by .14 percent and the NASDAQ down by .07 percent at 2:51 PST.

    On some of the three major stock boards have recovered from when the stock futures started hours ago, the DOW is up by .05 percent, the S & P 500 is still down by .03 percent and the NASDAQ has regained in after hours up by .12 percent at 5:13 pm.     We still have almost an hour before the markets open up overseas for Tuesday (9/1/20)    The experimentation has gained around two thousand and is nearly two thousand away from its all time high.     Xeris Pharmaceuticals was sold off from within the experimentation and was GameStop Corporation.     Building up around nearly $20 thousand in cash on the experimentation and will wait until the three US major stock boards have declined by nearly .20 percent on the Relative Strength Index.      Then can add 4 more new stocks onto the experimentation, the recent total in the experimentation was at 31 an went down to 29 today (8/31/20) and the 4 will then bring it up to 33.       Looking at either this coming Friday (9/4/20) or Tuesday (9/8/20) to research more stocks that have gone below the 40 percent threshold on the Relative Strength Index and next Monday (9/7/20) is a holiday. 

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