Welcome, and Happy Monday! If you missed our last post, find it here.

Last Friday, stock indices including the S&P 500, NASDAQ 100, and Dow Jones Industrial Average, closed higher, posting gains of 0.55%, 0.59%, and 0.62%, respectively.

Bitcoin also surged over the weekend, rising by 2.82%.

US Investor Sentiment indicates % Bullish at 49.18%, up from 41.74% last week, offering valuable insight for our market analysis and strategy planning.

MARKET INTEL

Triple Q’s

QQQ (Nasdaq) Reacting the same as SPX hitting an ATH but bouncing closing right above the fair value gap.

Qs we are expecting to to fall if it cannot maintain the zone outlined in yellow on the chart. 

Price entries for short positions expect to be high Monday morning and looking to bounce back mid-week.

With money flowing into crypto Sunday evening expect the markets to have a pull-back.

SPX/SPY

S&P500

SPX (S&P500) all-time high after all time high, if you were paying attention last week on Monday we nailed the pump and the dump perfectly for the whole week.

SPX on the 4 hour the chart has touched the fair value gap, it will either continue retracing or bounce on open. 

Fundamental analysis will play a huge role this week with elections coming up in the United States.

Expect big swings in both directions but as of now we are looking for SPX to continue down into the FVG. 

MARKET INSIGHTS

Economic Vibe

Stock market indices ended higher on Friday (7/12).

The S&P 500, NASDAQ 100, and Dow Jones Industrial Average rose by 0.55%, 0.55%, and 0.62%, respectively. Bitcoin went on a bit of a tear over the weekend. Today's price movement prior to this post was 2.82%.

Movers & Shakers

• Logistic Properties of the Americas ($LPA) +101.7%

• TOYO Co., Ltd ($TOYO) +57.42%

• MicroAlgo, Inc. ($MLGO) -15.42%

HEADLINES

Top Reads

• Netflix results, retail sales, and a chip update (Yahoo Finance)

• Smartphone Market Grows 6% as AI Helps Demand (Bloomberg)

• Can Tesla Inc. Become the Best AI Value Stock? (Insider Monkey)

• Most businesses that failed this year come from one sector of the economy (CNN)

• Pork Producer Smithfield Plans U.S. Stock Listing (Wall St Journal)

• The PC industry is finally on the path to recovery (Yahoo Finance)

• Here's Why Boeing Stock Slumped 30% in the 1st Half of 2024 (Motley Fool)

• Treasuries slip, dollar firm as markets grapple with US politics (Reuters)

• A Wall Street revival is carrying big banks as Main Street struggles (Yahoo Finance)

• US companies head into earnings facing high expectations (Reuters)

• Dollar Gains, Treasury Futures Slump on Trump Bets (Bloomberg)

IDEA

Benefits of starting with a demo account

Starting trading with a demo account is a prudent way for beginners to learn without financial risk.

It offers a risk-free environment to practice trading strategies and familiarize oneself with trading platforms and tools.

Traders can build confidence and refine their skills by testing different strategies and monitoring performance in real-time market conditions.

WISDOM BYTES

Embrace

In our daily lives, every moment matters.

Whether it's a small victory or a tough challenge, each day gives us a chance to learn and grow.

Embrace each new day with gratitude for the connections you make and the goals you pursue.

Find beauty in the simple things and strength in the hurdles you overcome.

DAILY DOSE

Memes of the day

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