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Monday, July 28th
“Words are, of course, the most powerful drug used by mankind.”
– Rudyard Kipling
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Markets Today
🌏 Asia-Pacific: Mixed
🇪🇺 Europe: Down
🇺🇸 United States: Mixed
🛢️ Oil: Up
⚡Crypto: Up
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[BREAKING] New Automated Trading System Goes Live In 3…2…1… CLICK FOR DETAILS!
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Major Market Events
- Trump looms large over Fed’s rate call — With Trump pushing for rate cuts and tariffs on China, the Fed faces pressure at this week’s closed-door meeting to shift its tone
- US and EU strike tariff deal — The EU agreed to a 15% tariff on most exports to the US, easing tensions and sending stocks higher in early trading
- Tech stocks pop ahead of earnings — Nasdaq and chipmakers like Nvidia and AMD rallied as investors bet on strong results from the Mag 7 and Big Tech this week
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🤔 My Thoughts
The Rally’s Getting Tired – Why Tech’s Hottest Sector May Be Due for a Breather
I’m not calling for a crash. But I am watching this market with one eyebrow raised.
The rally off the April lows? It’s been almost uninterrupted in some sectors — and semiconductors have been leading the charge.
Charts like NVDA, AMD, and even the SMH ETF are basically straight lines up… and those kinds of moves don’t last forever.
In fact, on Friday’s Profit Panel, the crew — myself, Chris Pulver, and Jeffry Turnmire — all came to the same conclusion:
Semiconductors look overheated. And August is shaping up as the perfect window for a pullback.
Why semiconductors might be vulnerable:
It’s not just that they’ve gone vertical. Several names like ASML and Intel are already flashing warning signs, with signs of weaker demand showing up in their earnings.
And ETFs like SOXX haven’t even made new highs yet, suggesting some hesitation under the surface.
Why August matters:
Next week alone we’ve got a lot on deck:
- Fed decision on interest rates
- Fed Press conference
- Mag 7 earnings
- Nonfarm payroll
- Tariff deadline on August 1
A nasty surprise on any of those could be the match that sparks a quick reset.
As Chris Pulver pointed out on the show, last year’s August pullback was about 10%. Something like that wouldn’t shock me at all.
💡 So what should we do?
Simple: Be smart. Get selective. And stop assuming every dip will rocket to new highs immediately.
Also? If you missed the episode… you missed some killer setups. Chris and Jeffry walked through a ton of levels to watch — and even how they’re positioning now for what’s coming.
👉 The live room is kicking off right now — click the link below to catch the next one.
Register your spot here to join us next time we go live!
You’ll thank yourself later.
To Better Trading,
Alex Reid
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