Instead of the usual market report I need to issue a public service announcement. At RPQ, running a clean ship has always been our #1 priority – we keep everything out in the open and we’re always completely transparent with what we are doing.
So far so good. The first set of bank earnings reports that were released last Friday looked positive, but war clouds are clearly dampening what is traditionally considered a bullish season.
It’s Fed week and we’re looking at some possible fireworks on several fronts. First up earnings season is kicking off this week with reports from big banks and financial institutions including JPMorgan Chase, Wells Fargo, Citigroup, BlackRock, PNC Financial Services, among others.
Okay let’s get this show on the road! I’ve been making a lot of noise about my Payday Friday trading system recently and in case you somehow missed it all here’s the jiffy:
Many of you have been eagerly awaiting an update on the weekly market statistics scanner I mentioned in my previous posts. If this is you then this will make your day:
It’s been two weeks since my last post, and by now you may be wondering what the heck I’ve been up to lately. Contrary to swirling rumors I didn’t embark on an extended vacation (although I could use one) and I also haven’t joined some religious crypto cult and cast aside all earthly possessions.
True to form the entire crypto community just flipped from a state of suicidal depression back to mania. Turns out a federal appeals court ruled that the SEC must review its prior rejection of Grayscale’s ETF proposal to convert its Bitcoin Trust into a spot bitcoin ETF.
To quote one of my favorite movies: “I love the smell of napalm in the morning.” Most of you living stateside probably woke up to the charred remains of what was generally expected to be a crypto market on the verge of breaking out higher.
Okay let me give it to you straight: There is absolutely nothing to be done right now. Nope – this isn’t clickbait. There’s a reason I’m posting it just like this. Hear me out.
It’s early August, which means we’re smack middle inside my least favorite season. In fact there’s only one season I absolutely despise and that’s SUMMER! And with good reason…