A.M. look 7/31/24

BOJ raises and the Yen and its crosses respond.

Sell USD/JPY= buy Yen Futures on a retest near 152 “65.85 ish Yen Futures”

If this move is real I’m looking for a retest of the two 1998 intervention levels illustrated in previous research.

Oil…oversold bounce into Month end. Inventories will run the day session.

Spoo & Nasd held after MSFT earnings

Spoo is now at the top of its range. It will require a 5550 print to confirm yesterdays close.

Nasd held just shy of its complete swing count matching the top of the Gap in NVDA, 200 DMA in SMCI along with the running of the qtrly ORL MSFT sell stops just after earnings. Once it rebounded back above the stop level the low was in.

Gold…pick your chart.

It’s Month end markings along with fund averaging tomorrow.

You’ll get your chances

* US Fed’s interest-rate decision; Powell’s press conference
* ADP employment data
* Earnings expected from Boeing, Norwegian Cruise Line, Kraft Heinz, Altria, Teva Pharmaceutical, Wingstop, Humana, Mastercard, Scotts Miracle-Gro, AutoNation, GE HealthCare, T-Mobile, Garmin, GlaxoSmithKline, Penske, Bausch + Lomb, DuPont, HSBC, Steve Madden, Meta, Qualcomm, Carvana, Etsy, MGM Resorts, eBay, Cheesecake Factory, and Herbalife

This entry was posted in Archive. Bookmark the permalink.