Quick Hits 7/24/2022
In this newsletter: Market Report, REIT's, FINVIZ Heatmap, Hot Trades - GLD, Earnings, Collectibles, Health Benefits of Pets, US Dollar ideas
Successful people don't fear failure, but understand it's necessary to learn and grow from. - Robert Kiyosaki
Weekly Market Report
Note: In the graphs below: Red is the 200 EMA, Green is the 50 EMA, and Blue is the 20 EMA.
Weekly Market Report - SPY had a good week up 3.28%. It held the 20 EMA (blue line) and pierced the 50 EMA (green line), then seemingly got rejected at the 400.18 level. While these are encouraging signs for the week overall, we still remain in an overall downtrend so please proceed with caution.
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The Weekly Bitcoin Report - BTC, up over 7% for the week, finally broke out of the 19K-22K range we've been monitoring for many weeks. It attempted to break the 50 EMA (green line), but quickly got rejected there.
Finviz Weekly Market Heatmap & Relative Sector Performance
Consumer Cyclical, Industrials, Technology, and Energy, Basic Materials, Financials, and Real Estate led this week, while Communication Services, Utilities, and Health Care lagged on a relative basis.
Yields are lower, but still inverted
All yields ended lower this week, below the psychological 3% level. The 30 year now has the highest yield by a small margin, but the 2 year is still earning more than the 10 year. Watch for increasing volatility in the yield curve this week with an FOMC statement on Wednesday 7/27.
The VIX was down about 13% this week, back to lows not seen since Will Smith slapped Chris Rock in April. The Fear & Greed Index moved from 26 to 39 (less fearful).
Get your sleep this weekend, we've got Microsoft, Alphabet, Apple, Meta, Amazon, Ford, Shopify, Visa, P&G and more reporting next week which could have huge implications for the overall market.
Source: Earnings Whispers
Note earnings dates and times are subject to change, so always verify on the investor section of the company's website.
Collectibles - 3 Hot Comics for Comic Con Week
I believe these 3 comics are fair value today, and could have a long term appreciation over time.
Collectibles - Key Spider-verse Books for Comic Con Week
These are key comics that could appreciate over time, especially if rumors of a Spider Gwen movie is true!
Health - Benefits of Having Pets (Dog Focus)
Do you know that caring for a dog or cat can have many health benefits. Perhaps the costs of pet ownership return to us in the form of better health. Here are some of the ways:
Dogs help you stay active.
Dogs can help reduce risk of heart attack and heart disease.
Dogs can help reduce triglyceride levels.
Dogs can help reduce cholesterol levels.
Dogs can help lower blood pressure levels naturally.
Dogs can help lower stress levels.
Dogs can help fight loneliness.
*NOT HEALTH OR MEDICAL ADVICE
Below we cover some US Dollar Trades we’re in, and some new ones we picked up this week. Also watching a GLD iron condor, covered in the Hot Trades section. Greg covers some REITs he’s doubling down on. Subscribe to keep reading!
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