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WE’RE ON YOUTUBE NOW! See HERE, HERE, & HERE (Yeah … I’m REALLY excited about this).

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Before you Trade Today: Know the Economic Calendar! Also See This Weeks Most Anticipated Earnings. NEVER BE SURPRISED BY EASILY ANTICIPATED MARKET BREAKING NEWS. That’s our goal here.

StockTips is NOW on Odyssey. It’s like discord but better in my opinion

IM THINKING ABOUT ADDING ADDITIONAL VALUE TO THE NEWSLETTER:

I’m thinking about creating a distro (I will be working on this during the weekend), for my paid subscribers. It will cover underlying trends & analysis & sent out either weekly or daily (I don’t know yet). It will be something akin to running estimates I used to produce as an analyst in my military days but in market form. It should not take long to produce. I will update it regularly on power point, covert it to pdf, & send it out (after adjusting the data to a lower quality so it doesn’t blow up your inbox). Once again, its not a guarantee yet. I need to put some thought into it. But it will help both you and I keep track of a rapidly moving market! It will not just report the news. It will give us the “so what” as well! At least how I see the numbers.

TODAY’S OBSERVATIONS: Well futures are red & investors are tripping over each other to see if they can beat their peers to cash as we get closer to more pivotal economic data (An unrealistic overstatement … but you get the point). DO NOT TRUST THIS MARKET! Including the lone stock still on my buy list.

IMPORTANT: Remember we have a new earnings season fast approaching that will fully reflect the true effects of the war in Ukraine & China lockdowns. Seems like old news right? It is … but this upcoming earnings season includes the fallout of both these items all the same! Earnings always reflect the previous quarter, not the current one. It’s easy to forget the past isn’t it?

MAY PERSONAL INCOME/SPENDING (THURSDAY): Personal Income consensus is an increase of 0.5% Month over Month with April registering 0.4%. Consensus Personal Spending is an increase of 0.4% Month over Month with last April coming in at 0.9%.

MAY PCE PRICE INDEX (THURSDAY): Of note but not necessarily highlighted in red, the Personal Consumption Expenditure is forecasted (no consensus) to come in at an increase of 6.7% Year over Year with April registering 6.3%. Month over Month numbers are forecasted at 0.9% with April coming in at 0.2%. Personal consumption expenditures, a measure of consumer spending, support the reporting of the PCE Price Index, which measures price changes in consumer goods and services exchanged in the U.S. economy. The Fed prefers PCE data though the CPI takes all the glory in the eyes of the public.

PMI DATA: We do have some PMI data coming out at around 9:45 ET (Annotated on the calendar above). The Chicago Purchasing Managers' Index (PMI) determines the economic health of the manufacturing sector in Chicago region. A reading above 50 indicates expansion of the manufacturing sector; a reading below indicates contraction. The Chicago PMI can be of some help in forecasting the ISM manufacturing PMI.

Stock futures fall more than 1% as S&P 500 tracks for worst first half of the year since 1970. European markets see declines as recession concerns persist; Germany’s Uniper down 14% on gas supply fears. China’s Shenzhen stocks rise as data shows factory activity grew in June; Asia stocks slip

BUY LIST UPDATE: It’s always tough after a market dump to add either long or short plays. Be patient folks. All of the suggested short plays I posted earlier worked marvelously! But I’m hesitant to add more given the market lows.

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PAID CONTENT IN THE PAYWALL BELOW: 1 Stocks on the BUY LIST near/at/above the Buy Zone (Waiting to Swing) / 1 Options Strategy / A Detailed Breakdown of Yesterdays Earnings Beats & Misses / Most Recent Insider Buys/Sells / IPO Lockup & Quiet Period Expirations / 10 Stocks on the Price Based Assessment Watchlist / 3 Stocks on the Stocks Under $20 List (Read the Warning/Disclaimer) / 3 Stocks on the Highly Speculative Highly Volatile Small Cap List (Read the Warning/Disclaimer) / 8 Stocks on the short possibilities list.

👉CLICK HERE TO SEE THE DETAILS OF EVERY STOCK ON THE BUY LIST (AND SEE THE PRICE ASSESSMENT BASED WATCHLIST / THE STOCKS UNDER $20 LIST & THE HIGHLY SPECULATIVE LIST)

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