[Belgrade Bobby]

Apple Inc. –  AAPL

New High – going for 230 ??

[Belgrade Bobby]

Chewy Inc. – CHWY – Doggy food…

CHWY: Chewy Stock Dives Underwater from 18% Gain on ‘Roaring Kitty’ $245M Stake

Chewy stock rallies 18%.

Shares erase gains to 7% dip.

Keith Gill behind volatile trade.

Retail trading phenomenon Keith Gill makes a move on pet-supply retailer but leaves shares worse than he found them. All bark, no bite?

[Belgrade Bobby]

GME – GameStop Corp.

Surviving for now above 22.30 , but barely.

Not much action after a Lawsuit was filed against Roaring Kitty ( The Manipulator )

Investors in GameStop (GME) have for now withdrawn their lawsuit accusing Keith Gill, who is known as “Roaring Kitty” and helped spur the meme stock mania of 2021, of defrauding them through a “pump-and-dump” scheme for the videogame retailer.

A proposed class action accusing Gill of securities fraud was filed on Friday in the Brooklyn, New York, federal court, but voluntarily withdrawn on Monday without explanation. The lawsuit can be refiled, according to the filing.

[Belgrade Bobby]

Nvidia – NVDA

Needs to stay above 122.25 to be able to break higher and targets 130.00 & 140.00 subsequently

But it drops below 120.25 bigger correction would take place, targeting 111.40

[Belgrade Bobby]

USDCHF Daily

Supports at : 0.90250 , 0.89900 & 0.89700

Resistances at : 0.90500, 0.91000 & 0.91450

Angle is pretty Bullish, but do not expect it to go straight UP- rapid corrections are always possible with this pair.

[Belgrade Bobby]

BTCUSD Daily

Supports at : 61.600.00 , 59.800.00 & 58.650.00

Resistances at : 64.000.00 , 66.500.00 & 70.000.00

Any close below 61.600 would open a gate for attack at 58.650.

[Belgrade Bobby]

XAUUSD – Gold Daily

Supports at : 2325.00 , 2305.00 & 2290.00

Resistances at : 2340.00 , 2365.00 & 2385.00

What we are looking at in last 3 weeks looks more and more as a correction .

As long as Gold stays above 2275.00 it has a very good chance to break higher and target new High in 2550.00 area.

[Belgrade Bobby]

NASDAQ 100

Supports at : 19.880.00 & 19.650.00

Resistances at : 20.025.00 , 20.165.00 & 20.550.00

If manages to break above 20.550.00 and hold onto it, target is in 22.000 area

[Belgrade Bobby]

EURUSD 4h

Playing between roughly 1.06600 and 1.07800

As long as it stays within this Rectangle, it is possible to play it both sides.

But be aware that this looks more and more as Buying dips and getting ready to break Up.

I have warned days ago that time is of essence when it comes to continuation of the downtrend – well time is up….

Just as a good measure ( technically speaking ) we might see another dip to around 1.06800 and then strongly Up – but not necessarily ….

If this week closes above 1.08 the game is On.

[Mtl JP]

Former St. Louis Fed Pres. Bullard: Fed can worry ‘mostly about inflation’ not job market

[SF Monedge]

Also if you watch Trump sitting down with Dr Phil, and in videos on youtube of him sitting with world leaders in person, he is extremely congenial and respectful.  And incredibly sharp.  There is a lot of idealistic nonsense out there which is flat false.  Again, not a fan, but I think I get it.

[SF Monedge]

JP – Trump is a lot like Ozzy Ozborne.  What people do not realize about the Oz is most of his songs are about not embracing the dark side, he just did it like Vincent Price did in movies.  I firmly believe, if he becomes president, there will be initial chaos followed over time by improved economic performance and trade.  Anyone thinking anything else is convincing themselves of things that don’t exist.  Trump actually wants balance and fairness.  I studied him closely.  Not a fan in particular, but I think I get it.

[Mtl JP]

To the tune of U2 – Pride
Greece becomes first EU country to introduce a six-day working week – cnbc and others

• The regulation, which came into force on July 1, bucks a global trend of companies exploring whether to embrace a shorter working week.
• The pro-business government of Prime Minister Kyriakos Mitsotakis has reportedly said the measure is both “worker-friendly” and “deeply growth-orientated.”
• Labor unions and political analysts have sharply criticized the move.
Actually, the greek is beholden to the IMF and needs to squeeze blood from its peasants – officially it is called “boosting productivity”

[Mtl JP]

POLITICS
after all that s been said and done
sofar more s been said than done
–
however, when cnn goes public suchly
“CNN Poll Most voters think Democrats have a better chance of keeping White House if Biden isn’t the nominee”

I am expecting more will be soon done. (i.e. joe POOF!s)

will markets celebrate or dump ?

[GVI Forex 2]

This feels like a sparring match week which for most in the US a 4-day holiday weekend, 2 elections, US jobs report.

One change this week seems to be the steepening of the yield curve and concerns over what happens with inflation and budget deficits should Trump become president, although this story has a ways to play out.

[GVI Forex 2]

GBP focus will be on any pre-election positioning – scroll down to see my GBPUSD update

[michael Calif]

nearby Euro futures still betting Long EURUSD and higher prices    :gtwo3

[Mtl JP]

EURO 1.0744 … 2X top test

mini mani moe which way will u go

[SF Monedge]

Aussie futures are right in the middle of a 15 day span/range.  I like Aussie during data releases and events like Fed speak because I believe it functions in a more legitimate way vs Euro, which becomes a stop run minefield.  Bias is still up for me in Aussie from below overall.

[GVI Forex 2]

POWELL STILL SPEAKING, AT THE PANEL DISCUSSION – COMMENTS ABOUT THE us BUDGET DEFICIT BEING TOO HIGH  AND UNSUSTAINABLE- BOND YIELDS TICKING BACK UP, FX FOLLOWS BUT NOT TOO FAR

[GVI Forex 2]

JOLTS BEATS ON UPSIDE (JOB OPENINGS)

[Mtl JP]

at top of hour
–
10:00nyt – JOLTS

partial influencer in jerome’s need for more confidence building

[Mtl JP]

Powell (at the optometrist) sees
‘quite a bit of progress’ on inflation but needs more confidence before cutting – cnbc

rofl

[GVI Forex 2]

Powell speaking — markets taking his  comments  as a  bit dovish

[SF Monedge]

I had to do that in 2 posts because for some reason the system would not accept it in one piece.

[SF Monedge]

So then, the Fed hasn’t done much to take a bite out of the out of control spending of recent years which is putting up $1 trillion US dollars every 100 days.  In the Fed’s defense they can’t order the government to stop spending like it just inherited a diamond mine.  There are people who want to put on the breaks but that is against the rules of the current regime.

There is one trick they might have left before the effects start to really hit the economy in bad ways.  There is something called a “hail Mary” in US football where you have seconds left on the clock and just throw it 40 yards into the end zone hoping something magical happens.

What do you think they might do?

[SF Monedge]

S&P released this statement earlier:

(We estimate that for the US, Italy, and France the primary balance would have to improve by more than 2% of GDP cumulatively for their debt to stabilize, this is unlikely to happen over the next three years.)

[GVI Forex 2]

GBPUSD 4 HOUR CHART –UK Election Looms

Key levels are pretty clear at 1.2612 and 1.2710, the former holding after a run at it earlier.

The key focus is on Thursday’s UK elections, where an outright win by Labour would be seen as a positive if only because it would have a ruling majority. We should have a feel for pre-election positioning by tomorrow at the latest.

 

[Mtl JP]

“In our view …” = opinion
opinion about political decision-making
so fwiw

[Mtl JP]

only sharp deterioration
–
(Reuters) – The United States, France and major economies are unlikely to halt the rises in their debt levels in the next few years, credit rating firm S&P Global warned on Tuesday. … .. …

“We estimate that –for the U.S., Italy, and France– the primary balance would have to improve by more than 2% of GDP cumulatively for their debt to stabilize; this is unlikely to happen over the next three years,” S&P said in a report.

“In our view, only a sharp deterioration of borrowing conditions could persuade G7 governments to implement more resolute budgetary consolidation at the present stage in their electoral cycles”

[Author]

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