Total corona virus cases pass 5 million in the US stretching its lead in the world as the number one country in terms of infections.
President Trump extended unemployment benefits of $400/week. This is a $200 reduction from the previous benefit that expired on Aug 1st.
US Inflation report is set to be released this week on Aug 12, 2020. The pandemic and state the economy will ensure that inflation remains low in the US.
July retail sales numbers will be released by the commerce department this week. In June the numbers increased above expectations. How will it be in July?
Earnings season continues. Here are some of the big companies that will report their Q2 earnings this week.
Click on the ticker links below for earnings estimates and whispers on expected earnings.
| Date | Tickers |
| Monday, August 10, 2020 | Duke Energy(DUK),Occidental Petroleum(OXY),PPL Corp.(PPL), Randgold Resources(GOLD) |
| Tuesday, August 11, 2020 | NIO(NIO) |
| Wednesday, August 12, 2020 | Cisco(CSCO),BRF S.A.(BRFS), Ultrapar Participacoes(UGP) |
| Thursday, August 13, 2020 | Applied Materials, Inc.(AMAT), Brookfield Asset Management(BAM),Vedanta Ltd(VEDL), IQIYI, INC. ADS(IQ) |
The following is a list of stocks for the week of Aug 03, 2020 – Aug 07, 2020 that show bullish and bearish trends.
The bullish matches – Oversold RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| STRA | Strayer Education | Aug 06, 2020 | Engulfing | 27.83 |
The bearish matches – Overbought RSI
| Ticker | Company Name | Date | Chart Type | RSI |
| LPSN | Liveperson | Aug 05, 2020 | Deliberation | 80.62 |
| PDCO | Patterson Companies | Aug 05, 2020 | Hanging Man | 77.74 |
| FRPT | Freshpet | Aug 05, 2020 | Upside Gap Two Crows | 73.84 |
| VSLR | Vivint Solar Inc | Aug 06, 2020 | Deliberation | 77.94 |
| PDCO | Patterson Companies | Aug 06, 2020 | Hanging Man | 74.65 |
| TWST | Twist Bioscience Corp | Aug 06, 2020 | Dark Cloud Cover | 70.08 |
| HCM | Hutchison China MediTech Ltd. | Aug 06, 2020 | Deliberation | 72.6 |
| PFSI | PennyMac Financial | Aug 07, 2020 | Belt Hold | 81.52 |