Datas to note for July 2024 ๐๐
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 ย 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 $NVIDIA(NVDA.US$ $Apple(AAPL.US$ $Microsoft(MSFT.US$ $Alphabet-A(GOOGL.US$ $Tesla(TSLA.US$ $Meta Platforms(META.US$ $SPDR Gold ETF(GLD.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ $E-mini S&P 500 Futures(SEP4)(ESmain.US$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$
For starters I will be great to follow all these news to keep abreast of the general markets! ๐ช๐ป๐๐๐ป
Some takeaways-
Overall I still Bullish for Jul and the rest of the year but if i am ๐ 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! ๐ 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! ๐ค๐ซก
What do you think? -
![Datas to note for July 2024 ๐๐](https://sgsnsimg.moomoo.com/sns_client_feed/103105773/20240705/dee159b398704d1339cf7f26e13a8223.jpg/big?area=101&is_public=true)
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