Datas to note for July 2024 😊🙌
What I am looking out for in Jul and Q3 that may potentially move the market.
1. Non farm payrolls 5/7 - Looking if the labour market in the US continues to show weakness. if so that will help in planning of my trades set up for the month and T3. If not woll have to stay nimble and adjust accordingly.
2. CPI datas on 11/7 - Will see how the numbers are playing out and if we are seeing continuation of slowing inflation numbers. This helps to further determine the stance of Feb in their easing of their policies.
3. FOMC 30-31/7 - Important for me as Powell looks to the 2nd half of 2024 and hopefully give us a sense of if there will be any rate cuts at all for 2024. This will largely form the view for my trades in Q3-Q4
Love the Moomoo app features to add notifications to our calendar and remind us of these important dates! ![]()
3. Earnings as we kick start the next wave of earning sessions, i will be looking at how the Mag 7 are performing on Q2 and the rest of the broader markets as well! some companies and symbols i am looking out for $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Alphabet-A (GOOGL.US)$ $Tesla (TSLA.US)$ $Meta Platforms (META.US)$ $SPDR Gold ETF (GLD.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $E-mini S&P 500 Futures(MAR5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(MAR5) (NQmain.US)$
For starters I will be great to follow all these news to keep abreast of the general markets! 💪🏻🎊🙏🏻
Some takeaways-
Overall I still Bullish for Jul and the rest of the year but if i am 😑 wrong thats fine as we must always have plan B in trading! We cannot assume we are always right or hope that we are not wrong! 🔑 to long term success as all my mentors taught me 2.5 years ago when i started trading my own capital - Risk Management! Managed the downside and the upside will take care of itself! Something I always remind myself to do and be discipline to follow! 🤗🫡
What do you think? -
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Over 20 years in the financial industry and a self taught retail trader. Focusing on income and growth strategies! 📈
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74279459 : everyone talks about risk management but your closing statement saying manage the downside and the upside will take care of the rest really opened my eyes, thank you! 20 years of investing is alot of knowledge under your belt, and alot of years. I can't ask you to guide me, but you give me the inspiration to go diving deep and understanding the economy as it's own ecosystem/heart beat and figuring how EVERYTHING works together with one another. Goodluck to ya and I'll definitely stay posted, god bless
TheTradingDad OP 74279459 : Great! We keep learning and growing from our mistakes!
I am in finance for over 20 years but only really started trading my own capital at the start of 2022 Bear market 
and lost over 35%! But that keep me even more determined to make back the losses and more! Learnt the hard way on how to manage the downside. Don’t be afraid to pay some learning fees to the market. But cut losses fast and keep the losses not too big. And learn from the good trades and the bad ones. 
I am blessed to have good experience mentors to guide me if not it’s a steeper climb
PAUL BIN ANTHONY : K the best