Daily Market Intelligence 7/29/22

Month End with potential first of Month buying Mutual Fund Monday.

The first rally was a short lived Algos driven run triggered by the European debt rally.

The risk spreads were negative the initial rally.

Spreads went positive for the second wave up @ 9:30 CDT.

Index target were hit after Apple beat.

Apple is trading @ weekly cloud resistance.

Spoo/Bond is @ daily cloud resistance with Nasd/Bond @ weekly cloud and ORH level.

There will be no written research in the A.M.

The room wil be open early with Bruce in charge.

I will be available after London’s close.

Enjoy the brain trust podcast which will be fully rendered over the weekend.

https://us02web.zoom.us/rec/share/r2660vfff4iMOCM5-ll7hdiS0AbqveA_n6jkOlbph6eXwdWnzA9WDnrWjExNjdpg._WkGx0vG3-L1N3Us

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