Equities were subdued, if leaning a little weak, the SPX settling -4pts (0.1%) to 7753
sp’weekly1b
Summary
SPX: after last week’s major gain, a few days of chop would be pretty natural. The only s/t concern is the CPI, due on Wednesday. The 7900s, if not 8K, look probable by mid Sept’. I’m still seeking (or rather hoping) for a 10% washout before the midterms, which is something even some of the mainstream are expecting, not least Tom Lee.
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Stock of the day
SLV, weekly
SLV settled +$1.91 (3.3%) to $59.41.
Last week’s bullish engulfing candle is playing out.
Weekly momentum is due to turn positive as of Monday August 24th.
SLV, PF
Computer has a bullish target of $73, as looks realistic in early/mid Sept’.
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Looking ahead
Tuesday will see NFIB small busi’ optimism, Existing home sales
Earnings: $SE $CAH $VG $RXT $TME $HUYA $CRNT $MIDD $LAR $SMCI $CRWV $LITE $FLY $CAVA $BGS $FNV $AII $ABSI $QUIK
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Final note
CPI chatter
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Geo-political chatter
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Spain is indeed… problematic.
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Something different…
If anything, I like the vlogs from the independents.
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London, August 10th, 2026
A quarter century ago… it would have been very unusual.
Now… its the norm.
In my area of course, I’m a 5% white-christian minority.
It makes for an ‘interesting experience’, but my personal phrase remains…
‘If I’m going to be surrounded by foreigners, I may as well be in a foreign country’.
In some 15/20 years, all the kids will be popping out 3-5 babies, and turn the UK in a majority Islamic state. I had wondered if there would be an uprising, but really… it won’t be necessary. The UK indigenous population is simply being out-bread.
Countries, cultures… rise… and fall.
The UK is reflective of wider Europe.
There is no going back.
Its over.
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I’m honestly not sure if I have any future, but yeah, I’ve felt that way every day since my mid teens… almost four decades ago. It remains… a strange life.
I will hold a vain hope I can survive beyond November, and eventually emigrate. Right now, that seems unlikely, unless I can get a series of good trades, and/or get a job to boost my income. The latter appears unlikely… but I guess this weekend I’ll take a look around a few websites.
Ohh, and I’ve done my accounts. I just want to re-check one final time, and will then type the numbers into the govt’ website, hit submit, see how much I owe, and then go find my debit card.
Goodnight from London