Firstly the market update portion of this blog
The $SPX back tested the 50 day moving average, on Friday, so that becomes the level to watch.
You'll have more luck selling commodities than equities - I think - as the inflation news is now ancient news. The Fed announcement is Wed. so all eyes will be on that, and depending on what we see leading into that, we could see sector rotation back into tech stocks.
Natural Gas continues to be sold (short) into a double bottom.
Speaking of parallel channels:
The so called "Chart Master, Carter Worth" seams to think, or wants others to believe, that the $SPX is trading in a channel, seen below
I have several problems with the above analysis:1. It's not a channel.
2. His upper channel line is irrelevant. See annotations for further explanation
Debunking the Chart Master |
Trump Assassination Attempt Conclusion - Inside Job
All the usual signals point to a coverup just as we saw during the mock 9/11 hearings
1. The Director of the Secret Service lied, and only resigned after stonewalling the investigation.
Hearing Wrap Up: Secret Service Director Kimberly Cheatle Fails to Answer Basic Questions and Must Resign Following Historic Security Failures at President Trump’s Rally https://oversight.house.gov/
2. FBI director Wray claims there's no proof that Trump was shot. The possibility that Trump was hit by some sort of shrapnel was debunked early on, so what are they trying to hide?
3. Assasination (spelled wrong) continues to trend on Twitter X. This is an old tactic used in order to try to keep relevant topics from trending. Who's behind it, I'll let you decide.
4. The mainstream media continues to point to a young kid in a flag t-shirt, as the shooter, but this seems to be a diversion.
I had been questioning why they're trying to hide the real identity of the shooter for some time, and then I came across this:
This guy says Yearick and Crooks trained at this Sportsmen's Club, in (PA)
— . (@Chicago1Ray) July 26, 2024
But he also says DHS trains there too
So why didn't they know about Crooks sooner
And why does Yearick look more like the Shooter than Crooks....
Are they both the same guy.....what say you pic.twitter.com/PshWA0N9Tn
5. Panic Buying of Gold ahead of the assassination attempt. This is what you do when you're expecting geopolitical unrest.
Gold mysteriously tops out just as Trump's would be assassin misses the shot
I don't see a catalyst to push gold higher, in fact the supposed breakout in gold has since failed.
It's as if the breakout never happened.
#Bitcoin falls back below the 2022 highs. It's like the breakout never happened. #Crypto $BTC #Coinbase pic.twitter.com/Y6892UzXsp
— Veteran Market Timer (@3Xtraders) July 10, 2024
Take Care, AA