Lenny Waite
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Here is my plan for Monday as long as Friday's low holds as support.
Larger Image: tradingview.com...
$SPDR S&P 500 ETF(SPY.US$
Larger Image: tradingview.com...
$SPDR S&P 500 ETF(SPY.US$
![$SPY Trade Plan Monday](https://ussnsimg.moomoo.com/sns_client_feed/72897422/20240804/1722740379457-04e2c83a01.png/thumb?area=100&is_public=true)
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Lenny Waite
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$Invesco QQQ Trust(QQQ.US$ $SPDR S&P 500 ETF(SPY.US$
As of July 2024, the Sahm Rule indicator has surpassed the critical threshold of 0.5%, now standing at 0.53%. This is a significant signal as the Sahm Rule is highly regarded for its accuracy in predicting economic recessions. Historically, every time the Sahm Rule has exceeded 0.5%, a recession has followed, making it an almost foolproof indicator with nearly 100% accuracy. This level of reli...
As of July 2024, the Sahm Rule indicator has surpassed the critical threshold of 0.5%, now standing at 0.53%. This is a significant signal as the Sahm Rule is highly regarded for its accuracy in predicting economic recessions. Historically, every time the Sahm Rule has exceeded 0.5%, a recession has followed, making it an almost foolproof indicator with nearly 100% accuracy. This level of reli...
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Lenny Waite
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Recovering this year's losses, the ringgit surpassed 4.6
(KUALA LUMPUR 31st) As government funds and companies respond to the government's call to transfer funds back to the country, and the market expects the Federal Reserve to speed up the pace of interest rate cuts, push the ringgit exchange rate to break through the 4.6 level and recover lost ground since this year!
As of 6 p.m., the exchange rate of the ringgit was reported at RM4,905 to the US dollar, up 0.68% from yesterday.
According to Bloomberg, after falling to a 26-year low in February, the ringgit has now successfully rebounded and erased all losses since the beginning of the year.
It is worth noting that OCBC Bank previously predicted that it would take until mid-2025 for the MYR to return to the 4.60 level against the US dollar, but now it has completely surpassed the target and is approaching the 4.59 level.
Best in Asia
Today, the ringgit has become one of the best-performing currencies in Asia this year, because the Bank of China has continuously encouraged state-owned enterprises to exchange foreign exchange for ringgit and has stepped up efforts to use forward contracts to support the ringgit trend.
Moreover, the return of the global technology cycle to an upward trend will help drive export recovery, and once the Federal Reserve presses the lower interest rate button, the interest rate spread between the ringgit and the US dollar will narrow as a result.
Huang Jinglong, a foreign exchange strategist at OCBC Bank, said that as the Federal Reserve may start cutting interest rates, he believes the interest rate gap between the two countries will be further improved, and at the same time, the ringgit exchange rate can also use this to recover some of its lost ground.
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🖋️ [Editor and Reporter] @Jungle lee
🔗【Full text...
(KUALA LUMPUR 31st) As government funds and companies respond to the government's call to transfer funds back to the country, and the market expects the Federal Reserve to speed up the pace of interest rate cuts, push the ringgit exchange rate to break through the 4.6 level and recover lost ground since this year!
As of 6 p.m., the exchange rate of the ringgit was reported at RM4,905 to the US dollar, up 0.68% from yesterday.
According to Bloomberg, after falling to a 26-year low in February, the ringgit has now successfully rebounded and erased all losses since the beginning of the year.
It is worth noting that OCBC Bank previously predicted that it would take until mid-2025 for the MYR to return to the 4.60 level against the US dollar, but now it has completely surpassed the target and is approaching the 4.59 level.
Best in Asia
Today, the ringgit has become one of the best-performing currencies in Asia this year, because the Bank of China has continuously encouraged state-owned enterprises to exchange foreign exchange for ringgit and has stepped up efforts to use forward contracts to support the ringgit trend.
Moreover, the return of the global technology cycle to an upward trend will help drive export recovery, and once the Federal Reserve presses the lower interest rate button, the interest rate spread between the ringgit and the US dollar will narrow as a result.
Huang Jinglong, a foreign exchange strategist at OCBC Bank, said that as the Federal Reserve may start cutting interest rates, he believes the interest rate gap between the two countries will be further improved, and at the same time, the ringgit exchange rate can also use this to recover some of its lost ground.
–––
🖋️ [Editor and Reporter] @Jungle lee
🔗【Full text...
Translated
![The ringgit recovered its losses and hit a six-month high, reaching 4.6065 against the US dollar at one point! 💵](https://sgsnsimg.moomoo.com/sns_client_feed/103267505/20240731/1722421212137-f704858495.jpeg/thumb?area=104&is_public=true)
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Lenny Waite
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US Market Key Charts (S&P, US Dollar, Gold)
$E-mini S&P 500 Futures(SEP4)(ESmain.US$(4 Hour Chart) -[BEARISH ↘ *]S&P pushed higher and is now approaching short-term resistance at 5630.75. We turn bearish with low conviction for now, expecting price to drop lower towards 5503.00 support. Stochastic indicator is testing resistance where price reacted in the past.
Alternatively: A 4 hour candlestick closing above 5630.75 resistan...
$E-mini S&P 500 Futures(SEP4)(ESmain.US$(4 Hour Chart) -[BEARISH ↘ *]S&P pushed higher and is now approaching short-term resistance at 5630.75. We turn bearish with low conviction for now, expecting price to drop lower towards 5503.00 support. Stochastic indicator is testing resistance where price reacted in the past.
Alternatively: A 4 hour candlestick closing above 5630.75 resistan...
![Relief bounce in progress, but caution ahead with NFP numbers tonight](https://sgsnsimg.moomoo.com/sns_client_feed/103513015/20240801/e4daf23b572ea637faa075c17ebbc7cb.jpg/thumb?area=101&is_public=true)
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Lenny Waite
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$Serve Robotics(SERV.US$ This sharp rise is probably because there are too few stocks, and it seems that they can be held for a long time.
Translated
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Lenny Waite
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It was an honour to interview DroneShield $Droneshield Ltd(DRO.AU$$DROCEO Oleg Vornik CEO today. Its shares are up 300% this year at $1.50. But on July 16 it hit $2.72 before falling. I believe dip buyers will swoop in. Here is why:
1. Every quarter its advancing its drone jamming gun technology through AI. Its key clients include US, UK, Australian military and law enforce...
1. Every quarter its advancing its drone jamming gun technology through AI. Its key clients include US, UK, Australian military and law enforce...
![DroneShield shares are up 300%, but are down 45% from highs. CEO interview with Oleg Vornik. Why investors will BUY THE DIP](https://sgsnsimg.moomoo.com/sns_client_feed/151388429/20240725/c30e2078535c8841d797b11e458f28e1.jpg/thumb?area=102&is_public=true)
![DroneShield shares are up 300%, but are down 45% from highs. CEO interview with Oleg Vornik. Why investors will BUY THE DIP](https://sgsnsimg.moomoo.com/sns_client_feed/151388429/20240725/9592930de2f6324ec505c450eabda49c.jpg/thumb?area=102&is_public=true)
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Lenny Waite
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$BTC/USD(BTCUSD.CC$
Bitcoin. So! Mr. Trump Support Bitcoin! 28/July/24. #BTCUSD was "supported" by Donald Trump. Wait a minute.. He is not President yet..So?.. Enjoy the roller coaster ride first before.... taking off to the Mars with Elon Mars.
Bitcoin. So! Mr. Trump Support Bitcoin! 28/July/24. #BTCUSD was "supported" by Donald Trump. Wait a minute.. He is not President yet..So?.. Enjoy the roller coaster ride first before.... taking off to the Mars with Elon Mars.
![Picture](https://sgsnsimg.moomoo.com/sns_client_feed/102163453/20240728/1722156976295-random6770-102163453-android-org.jpeg/thumb?area=104&is_public=true)
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