Library Archive
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- Major names we typically look at were positive over yesterday’s roll. SPXEWI gained roughly .75% for the day, outperforming the cap weighted S&P 500 handedly as it was roughly flat for the day.
- Crude declined 7.5%. The Nasdaq 100 ([NDX]) fought back to nearly flat for the day after a somewhat wild trading session that saw it open positive, swinging sharply lower before drifting back towards even for the day. NDX trades on a string of three consecutive sell signals and its series of lower highs should be monitored very closely.
- Crude continues to flirt with an apparently important level in the low $80’s. It trades well off 2026 highs around $120…. But remains volatile and largely dependant on headline developments around the Middle East.
- Gold ([GC/]) and long-duration fixed income ([TLT]) moved higher yesterday, although both spaces remain points of relative weakness within their respective asset class.
- Many names have shown some interesting technical developments around earnings. [WYNN] returned to a buy signal but shows all the signs of a “failed breakout”- don’t be fooled by this low attribute name. [GLW] slumped nearly 20% in pre-market trading on 7/28 on weak guidance. [KO] picked up ~4% on strong guidance, it remains a technically appealing as it trades on a series of buy signals.
- Lots of names are reporting over the next few days. The likes of [AMZN], [META], [AAPL], [MSFT], [LRCX], [MA], etc. are all reporting on either 7/29 or 7/30. Watch the charts for further developments.
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