It was a day of considerable chop, if still battling upward, the SPX settling +0.6% to 3959. Meanwhile, WTIC settled -86cents (0.8%) to $99.88.
sp’weekly1b
WTIC daily
Summary
SPX: We’ve cleared the weekly 10MA… as 4K might be printed before the weekend. I’d note upside green ZONE, as seems realistic late August/early Sept’, before ‘normal service’ resumes. Further, note weekly momentum, which continues to tick upward, set to turn positive as of August 1st.
Special note…
Nasdaq comp’, weekly
The Nasdaq lead the way down… and its leading the way back up. Its the first index to see weekly momentum turn positive, not seen since Nov’2021. Other indexes can be expected to follow within 1-2 weeks.
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WTIC: a day of considerable chop. The door remains open to the 50dma in the $109s… soon… 108s.
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Looking ahead
Thursday will see the Weekly jobs, Phil’ Fed, Leading indi’
Earnings: T, AAL, NOK, FCX, BX, NUE, DOW, DHI, DPZ, PM, SNAP, COF, MAT, STX
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PF chart of the day
Computer is seeking the $964s.
Tesla, monthly
Tesla settled the day +0.8% to the $742s.
Earnings in AH… as I type… the stock is u/c.
Considering the main market, I’d lean to upside.
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Final note
The latest C19 chatter from Jeff and Erica.
HIGHLY recommended…
The issue of ‘leaky vaccines’ is monstrously important. None of the shots provide ‘sterilising immunity’, and thus some amount of virus is left alive, which can mutate, and/or be transmitted to someone else!
Now its just a math/probability issue, as to whether one of the ‘vaxxed’ develop a mutated variant that is a Extinction Level Event… an ‘ELE’
Lets be clear….
EVERY single administered shot raises the probability that a new mutation will result in an ELE.
Even Twitter effectively admits that people keeping getting Covid ‘again and again… and again’.
… and its clearly because of the very vaccines – or rather gene therapies, that most still believe in.
Ohh, and to be clear, I’m not saying the gene therapies didn’t reduce the symptoms/disease in some, but that is NOT what vaccines are meant to do anyway!
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The issue of ‘shedding’.
There are some anecdotal case studies that suggest the unvaxxed are getting ill if they are around the vaxxed, who are producing and (its still a theory) emitting poisonous spike proteins.
I’ll say this… I wouldn’t spend a ‘sustained’ amount of time around anyone who has been shot. Partly on the concern I’d be breathing in some of their spikes! Partly though… I simply don’t want to be around anyone who decided to take the shot.
That is MY CHOICE, and I respect YOUR choice… whatever that might be.
The problem is… most can’t cope with the notion that others have different views, and want to enforce their choices onto others. I have a ‘real problem’ with that.
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Yours truly continues to monitor the mortality data…
‘In the week ending 8 July 2022 (Week 27), 10,232 deaths were registered in England and Wales; this was 10.0% above the five-year average (928 excess deaths)… of the deaths registered in Week 27 in England and Wales, 423 mentioned “novel coronavirus (COVID-19)”, accounting for 4.1% of all deaths…’
For now… its nothing of any particular note. Alarm bells would only be merited >40%, and especially if the ‘attributed C19 deaths’ as a % remain low.
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Dore highlighting how Facebook is infested with spooks from the CIA, who are deciding what can… and can’t be said. No doubt, the situation is similar within Twitter and Google/Youtube.
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Maloney with gold/silver chatter. Its notable he is hoping Silver re-test the March 2020 low of the $11s… as does seem probable, if you assume the equity market is going to get ‘crashy’ in Q4.
In another timeline, my walls have secret stashes of ‘green boxes’, as I see Silver as undervalued as Gold was in the early 1970s.
Goodnight from London