20 – 24 July 2020 Trading week preparation

Every week I share a bunch of stuff.
– Daily signals for MA Crosses and MA breakouts
– Market Reports
– Consolidated market data and more.
https://eod-notes.com/shared-content/


From last week:
A weird week, earnings season just started with a bag of mix feelings.
SP500 is trapped below 3230.6 (Oanda SP500 CFD) and gold 1800 breakout was kinda of a fluke, lacked strength and follow thru.

Netflix earnings, what a cringe thing to watch. I think a lot of weird surprises are going to happen this earnings season.

Still long $AG,also added to my $LVO position.

My macro opinions for long term:

  1. We are heading lower, much lower on stocks.
    It´s trapped and can go above 3230.6, at the same time, It refused to brake down.
  2. US bond yields are going to zero.
    It´s happening, not much to say
  3. Gold and silver will go a little bit lower before acting as safe heavens.
    Can´t close above 1800 with conviction, should be a red alert.
  4. Commodities will behave like gold, specially grains.
    DXY is hanging in there by a thread, It´s one of the trades I am watching Vs the EUR and GBP.

Next Week:
It´s earnings season, again.
From time to time, I found that taking a breather from the markets helps clear my mind and bias.

It´s not vacations, but a breather. A step out of the arena to catch my breath and compose myself. I will still be watching some assets, but I will take my time to relive some stress. I won´t be taking any new positions during this week,at least I am not planing too.

I am sorry if you were looking for new ideas, these rest weeks are part of my trading plan. I can´t go 24/7 for very long periods of time. I need to hit the brakes now and then.

All the reports and data will be available as always, If you have any question or just wanna chat about markets, hit me up on twitter I will respond asap.

Have fun!

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