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Wednesday, September 23, 2020

Since the early morning of Monday (9/21/20) at around just before 3 am EST the US dollar had begun to climb, stocks can be seeing more days of decline if dollar continues to rise

     The company that we were mentioning about yesterday is Evolus Incorporated and was checking in how it was doing after the market had closed.     The Relative Strength Index is at 50.28 and would still need to fall a little more than 10.00 percent on the Relative Strength Index before buying this stock.

     The stock symbol is EOLS, how the MACDs at the moment are at breakeven, on 9/21/20 the red line upon this stock was showing a 1 negative point.      Showing that the stock is declining as the blue line had a +4 on the MACDs and has been declining about a week or so now.       Here are the stock future at this time: DOW down by .02 percent, S & P 500 down by .07 percent and the NASDAQ is down by .23 percent at 4:33 pm PST.        US dollar has been showing a bit of a decline since 3:05 EST, will see if stock futures can begin rebounding if the US dollar continues to decline slowly or being flat.        

     The investments declined today by almost $78 dollars, still three of the investments are showing momentum within the MACDs.         Socket Mobile Incorporated is at the breakeven and is up by .08 cents in after hours, with that giving the stock momentum to push the MACDs back up if it closes higher than today.          The stock futures are falling once again as the DOW is down by .50 percent, the S & P 500 is down by .56 percent and the NASDAQ is down by .88 percent at 5:01 pm PST.

      Still seeing a somewhat flat US dollar with its decline in slow motion, the S & P 500 on the Relative Strength Index has fallen below the 40 percent threshold today.       No momentum happening yet in the MACDs on the S & P 500, its still in decline mode.      The Relative Strength Index is at 37.04 when the S & P 500 market closed today (9/23/20).       The NASDAQ is slightly above the 40 percent threshold with it at 40.69 and the previous lowest drop for the NASDAQ was down to 24.98 on 2/27/20 before the Relative Strength Index started rebounding.        Now the DOW has fallen through the threshold of 40 percent with it at 36.62 on the Relative Strength Index.        17.26 was the low point for the DOW on the Relative Strength Index on 2/28/20 before it started rebounding.       From that point it took 23 days for the DOW to start climbing when it bottomed out on 3/23/20.         It took 24 days for the NASDAQ to rebound when 24 days latter it bottomed out on 3/23/20.        On 2/24/20 the NASDAQ went below the threshold and that was three days before it hit bottom on 2/27/20 when it was at 24.98 on the Relative Strength Index.      So we are looking at 27 more days of mostly declines before the NASDAQ rebounds.         That puts the date for stocks to rebound around October 20, 2020.

       On 2/24/20 was when the S & P 500 had fallen through the 40 percent threshold and the S & P 500 bottomed out 19.17 on the Relative Strength Index on 2/28.           Looking at the S & P 500 to begin its rebound around October 20, 2020.          On 2/24/20 the DOW had fallen below that threshold of 40 percent on the Relative Strength Index, so according to this data the three US major stock boards should begin climbing around October 20, 2020.        Now the stock futures are rebounding with DOW is up by .24 percent, the S & P 500 is up by .17 percent and the NASDAQ is up by .05 at 6:46 pm PST.

       The US dollar has been falling now for an hour and 15 minutes at 6:47 pm PST, the experimentation had fallen by $3,200 from the recent all time high it had yesterday.

       We also looked up that date for events happening around that time frame, on October 15, 2020 will be the start for a 30 thousand phase III trial.      On October 22, 2020 there will be a US vaccines meeting happening with these two events happening is more likely to cause the US major stock markets to climb.

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