Pre-Market Rundown (July 16, 2021)

Our weekly webinar series – we take a look at the stocks that are moving and some key setups. Plus a look at the news and economics for this and next week.

(Scroll down for video)

Weekly Update

  • THEME: Fed Focus
    • Powell Speaking to Congress
    • Same Line All The Time – Transitory
    • Yield Curve – Next Move?
    • Both Side of Aisle Have Issues with Powell – Will He Be Reappointed?
  • Covid – Pandemic
    • Hard To Believe Delta + – NOW LAMDA?
    • Australia Lock-down, Israel issues, South America Bad, South Africa Lock-downs
    • Bond Yields – Could be Simply Tied to Covid Pandemic Spread
    • MRNA Stock – On FIRE
  • Backdrop
    • Mega-caps weigh on S&P 500
    • Index Moves – Not Representative Of Market
    • ADV-DECL Line Showing Breath Issues
  • SPACS/SPECS/MEMES
    • Bad Time For Spec Plays/WATCH FOR BOUNCE
    • Oversold Opportunity
    • $1.2B –  (existing funding and tougher IRA sanctions on higher earners?)
  • ECONOMICS
    • CPI/INFLATION – H O T !, Slowing Industrial Production and Manufacturing, Retail Sales (China GDP hits Target, Retail Sales Above)
    • Next Week: LIGHT WEEK – Housing Starts, Initial Claims, Existing Homes, Leading Indicators
  • Ask About the 4-Hour Online Coaching Program

Movers

  • Stocks to Watch: DIDI, AMC, SPCE, ASTA, WKHS, TLT, MRIN, QQQ, PEJ, TIGR, BAC, XLF

Your Symbols

Register for upcoming webinars HERE.

10-Day Free Trial of TriggerCharts Indicators
#1 HIGHEST RATED in TS APPStore

To get a free trial → Click Here.

The TriggerCharts Indicators are available on the Tradestation platform.