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Tuesday, July 22nd

“He stood at the window of the empty cafe and watched the activities in the square and he said that it was good that God kept the truths of life from the young as they were starting out or else they’d have no heart to start at all.”

– Cormac McCarthy

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Markets Today

🌏 Asia-Pacific: Mixed

🇪🇺 Europe: Down

🇺🇸 United States: Mixed

🛢️ Oil: Down

⚡Crypto: Down

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The little-known way to play earnings that delivered a 73% win rate last quarter!

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Major Market Events 

• GM profit shrinks on $1.1B tariff hit — Automaker’s net income falls 35% as trade tensions weigh on margins
• Coca-Cola unveils new cane-sugar soda — CEO confirms a fall rollout to appeal to health-conscious consumers
• Global tariff surge rattles earnings season — Historic rise in trade barriers adds pressure as companies report results

🤔 My Thoughts

The Weirdest Leaders in This Bull Market

So get this… while everyone’s watching tech and AI stocks fly around, some of the strongest setups I saw this morning weren’t big-name chipmakers or meme stocks…

They were utility companies.

Yeah. Boring, dividend-paying, slow-moving utilities. The kind your dad’s retirement portfolio might hold.

But here’s the thing: these names are ripping.

I’m talking about Southern Company (SO), which is breaking out to all-time highs. That’s not something you see every day in a sector that’s supposed to just quietly churn along.

I didn’t end up trading SO — I took a different play instead — but it was on my radar, and if I’d had a little more bandwidth during yesterday’s show, I might’ve gone for it.

I’m also watching Constellation Energy (CEG) closely. It’s consolidating right under resistance with descending volume — the kind of setup I like to stalk for a potential breakout.

Same goes for Duke Energy (DUK). It just cleared a multi-month resistance level, and now it’s got room to run.

These aren’t typical “risk-on” names. But lately? They’re acting like growth stocks.

Don’t Chase Highs. Trade Structure.

Now, let’s talk crypto for a sec.

Chris locked in a 47% win on Ethereum in two weeks, which is nuts. Congrats to him, he timed it beautifully.

But this is where a lot of folks get trapped…

They see something like ETH make a big move and think: “I gotta get in before it’s too late!”

Don’t do that.

When I see a parabolic move like we’ve had in ETH, I wait. I want to see a flag, a pause, a bit of a pullback… Something that gives me structure. That’s when I’ll consider taking the trade.

No structure, no entry.

That applies to crypto, equities, anything.

The key takeaway here is that I’d rather miss a move than get chopped up chasing highs with no setup.

What I’m Watching This Week

The themes I’m drilling into right now are:

• Crypto continuation: Hive, Mara, Riot, Hut, and ETH-related trades — especially if we get pullbacks or tight consolidations
• Utilities strength: SO, CEG, DUK — breakout continuation setups
• Tesla earnings: Not trading it yet, but watching implied volatility closely for a potential options play

We’re late in July. Seasonality says this is usually a bullish time — but that doesn’t mean every name is tradable right now.

I’ll be watching for clean structure, good volume profiles, and momentum with a plan.

If I see it, I’ll take the trade. If not, I wait.

Missed yesterday’s show?

Register your spot here to join us next time we go live!

To Better Trading,

Alex Reid

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