It was a net bullish day, the SPX printing a new hist’ high of 7793, if cooling to settle -12pts (0.2%) to 7723.
sp’weekly1b
Summary
SPX: as things are, we’re net higher for the week by +223pts (3.1%). Weekly momentum is marginally net higher. The default is expect net upside into mid September. That view would only be dropped if we take out last Wednesday’s low of 7313.
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Looking ahead
Thursday will see Weekly jobs, product’/costs, wholesale trade
Earnings: $COP $QBTS $DDOG $CELH $UUUU $HIMX $DNOW $FISV $VTRS $LNG $DKNG $ABNB $AAOI $CENX $TXG $RGTI $TTD $INOD $RCAT $MP
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Final note
Geo-political chatter
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The Celente… as war is coming.
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Fauci chatter
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Something different…
I’ve not watched yet, but I’m pretty sure we will both like it.
Go get a coffee or something first.
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Spinning head
I spent another four hours or so last night… reading two sets of things… both related to travel and my escape plan. I guess I’ve learned a fair amount, but my choices are all problematic.
I’m not even sure what I should say here, as it could bite me in the ass down the line.
Naturally… my escape mostly comes down to money… but not all.
Again, how much do I say here?
Should I have been bolder in trades?
… well if I had, I’d probably have been zeroed out last fall.
Instead… I managed to survive into another summer.
AMD, SNDK, WDC… all good earnings, but the market still whacked them lower. The cautious will NOT trade earnings, with yours truly generally hyper-cautious.
So I sit here wondering if I should just start applying for retail jobs.
How could I ever aim for anything more than that?
I tried for innumerable ‘online editor’ roles last May-July, and didn’t receive one single reply, never mind an interview. Now, I doubt I’d even be able to get a job stacking shelves in a shop.
As things are… I’ll be homeless by November.
Goodnight from London
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