Hope you all had a good weekend. Below we will be previewing the upcoming week.
Format will be: A look at the Indices, key upcoming events, Upcoming Earnings reports, interesting charts/set-ups and finally a look at notable portfolio changes in the previous week.
Just to briefly mention, it was a big month for the Community as on the 20th of July we surpassed 1000 subscribers! As a token of appreciation, I initiated a once only 15% off for early adopters (or 29% on the Annual plan) redeemable by 3rd August (6 days remaining). The demand has been fantastic, and it is both humbling and very much appreciated. To access see below:
Indices
Dow Jones advanced 1.1% the last week
S&P 500 advanced 1.21% in the last week
Nasdaq Composite advanced 0.68% in the last week
IWM advanced 0.41% in the last week
Key upcoming events:
Monday
Dallas Fed Manufacturing Index (July)
Tuesday
FOMC Meeting Begins: The Feds two-day monetary policy meeting will commence.
S&P Case-Shiller Home Price Index
Consumer Confidence Index
JOLTS Job Openings
Wednesday:
Advance Gross Domestic Product (GDP) (Q2 2025)
FOMC Interest Rate Decision & Statement: The Federal Reserve will announce their decision on the federal funds rate.
Fed Chair Press Conference
Thursday:
Personal Consumption Expenditures (PCE) Price Index: The Federal Reserve's preferred measure of inflation.
Initial Jobless Claims
Chicago PMI (July)
Friday:
Employment Situation Report (July)
ISM Manufacturing PMI (July)
Upcoming Earnings
Earnings Season kicked off a couple of weeks ago with the Banks and last week there was a packed schedule; the most notables companies to report were TSLA, GOOGL, NOW and IBM! on Wednesday.
This week we have another packed schedule. Below is the infographic by Earnings Whispers for the upcoming week. Wednesday and Thursday are two huge days, featuring META, MSFT, HOOD, TMDX and VRT on Wednesday, followed by AAPL, AMZN, MSTR, COIN, and MA on Thursday.
Charts
SPX
Sits currently at 6388.64, RSI 76.21. 4.92% above a rising 50SMA.
Advanced 1.21% for the week.
In a strong uptrend and whilst overbought not technically extended vs key MA’s. The EU deal and China tariff delays may serve as near term catalysts.
BTC (currently Long)
Currently $119,233. 7.15% above 50SMA and 20.75% above 200SMA.
26.29% YTD.
All Key MA’s up-trending and the chart had shown steady accumulation since April, during which time it did show RS also. Consolidating nicely maybe we get the next leg up this week otherwise a re-test of the 112,000 looks likely (prev ATH breakout level and ascending SMA 50)
Ethereum (Currently Long)
Currently 3863, RSI 87.43 and 55% above 200SMA.
Pitched at $2400 on June 29th and has had a robust move up.
Has found resistance at 4000-4100 in last couple of years, so that will be the key level to watch (see resistance line on chart)
Google (Currently Long)
Currently trades at $193.18, RSI 73.57 and 11.06% above 200SMA.
Golden cross.
Has just reported stellar earnings, has lowest Multiple amongst the MAG 7 and chart is showing steady accumulation. 200 is first key level to watch, above which it could head for price discovery. (Biased take as I am long)
Notable portfolio changes of late: