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Using my platform as a Heatmap shows…
… the dollar trading modestly in firmer after failing to follow through to the downside to start the week
EURUSD haz dipped back below 1.1550
USDJPY bounced 1 JPY after extending its low to 146.61 in early trade but remains below 148
Gold is has backed off after extruding its high yesterday
US stocks are consolidating after yesterday’s rebound
US bond yields are steady at lowef levels
News algos are itching for a market moving headline. ISM Services PMI due today.
USDCHF
Came within 2 pips of a 50% retracement, now a key level on top (,8096-00)
.8000-17 is potentially at risk.IF .8100 holds on top and 8046 is broken.
On the other side, if 8046 holds and 8100 is broken, more scope on the upside,
Stay alert: Report that Switzerland is ready to make a “more attractive offer” in trade talks with the US ahead of Aug 7 when a 39% tariff kicks in.
USDCHF 4 HOUR CHART
Palantir Technologies Inc. – PLTR
Palantir Stock Jumps. Earnings Blew Past Wall Street’s Stratospheric Expectations.
Data company Palantir Technologies blasted past the sky-high expectations for its second-quarter earnings report. Continued strength in U.S. sales is driving revenue growth and profitability.Shares are up 2.4% in after-hours trading. They closed Monday 4.1% higher at a new all-time high, according to Dow Jones Market Data.
Palantir did everything perfectly chart wise – sharp Uptrend channel support at 151.05 provided a footing for strong spike up and stock hit the new all time high at 161.40.
But what happened after trade hours is what’s worth mentioning…
It sky rocketed straight to 166.80 and pushes even more…
That sharp Uptrend channel is targeting 195.50 right now – in a week or two that is.
Most important Support comes now at 156.50
Robinhood Markets Inc. – HOOD
Robinhood Markets Is Maintained at Neutral by Citigroup
Robinhood Markets Price Target Raised to $120.00/Share From $100.00 by CitigroupRobinhood Markets Is Maintained at Overweight by Barclays
Robinhood Markets Price Target Raised to $120.00/Share From $102.00 by BarclaysSo Big guys are calling for 120.00 – what we should expect?
Current pattern calls for higher tomorrow, but there are two important Resistances above the head:
109.05 & 113.45
If Hood takes them both, I can see it rallying to 120.00 as well – even slightly higher – about 121.20
Supports that need to hold for this scenario to unfold are:
104.55 & 99.95 in next couple of days.
Advanced Micro Devices Inc. – AMD
AMD Q2 Earnings Loom–Should You Buy, Hold, or Sell?
AMD will be a highlight of this week’s earnings lineup, with the chip leader set to release its Q2 report after-market hours on Tuesday, August 5.
Chart wise it is now a question of breaking above the previous high at 182.50
To be able to do so, supports at 173.55 & 169.90 must hold in coming days.
Loss of those two would lead AMD towards 150.00
NAS100 (NASDAQ)
Is the low in or just a retracement after the strong bounce off Friday’s low
Jury is out with little in the way of obvious resistance so use FIBOS as potential levels (scroll below)
Those hoping the low is in need 22843 (red AT line) to hold to keep those hopes alive.
NAS100 4 HOUR CHART
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FIBOS for 23729 => 22829
US500 (SP500)
Is the low in or just a retracement?
No obvious resistance after Friday’s freefall so treating the bounce as a retracement, use FIBOS for potential levels (scroll below)
Those hoping the low is in need 6254 (red AT line) to hold to keep those hopes alive.
US500 4 HOUR CHART
FIBOS for 6441 => 6214
Mixed USD
USDJPY correlating with softer US yields
CHF remains the underperformer, perhaps feeling the pinch of 39% tariffs
GBPUSD is back to square one after its earlier blip
EURUSD in its role as the anti-dolLar needS TO TAKE OUT 1.16 to hit the USDX and turn the mood further against the buck… below 1.1550 cools the risk
Mixed USD
USDJPY correlating with softer US yields
CHF remains the underperformer, perhaps feeling the pinch of 39% tariffs
GBPUSD is back to square one after its earlier blip
EURUSD in its role as the anti-dolLar needS TO TAKE OUT 1.16 to hit the USDX and turn the mood further against the buck… below 1.1550 cools the risk
What’s hot and wgst’s not?
What’s hot?
US stocks having a sharp rebound, recovering some of Friday s selloff
Gold extends its rebound (briefly so far through 3377)
What’s not?
News algos having a lack of market moving headlines.
CHF is weaker as USDCHF remains the outperformer
What’s hot/not?
Dollar trading mixed with follow through so far limited (except USDCHF)
US bonds flipping between bid and offered, currenly unchanged.
BTCUSD – Bitcoin
Resistances: 115.015, 115.585 & 116.915
Supports: 114.045, 113.165 & 112.300
Intraday pressure – Up
BTC has to stay above 114.600 in next couple of hours in order to test resistance at 115.015 and attack next one at 115.585
Currently it is in the Bullish mode and stays to be seen how far it can reach right now.
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