"It's Going Down!"

Hi There! While I am on my way back to the US, I can't help but reflect on how quickly time passes when you are free. Learning to detach from the things I cannot control and focusing on nurturing my inner peace has allowed time to slip through my fingers like a fleeting dream. I am overflowing with gratitude for the simple joys I experienced during this trip, leaving me invigorated and renewed. Being surrounded by the love of my family and friends, who truly appreciated having me around at home, was an invaluable blessing. It's been an incredible month filled with profound realizations and memorable moments. I have been able to center myself and gain the clarity I needed. It has been a time of personal growth and deep connection.

Alright, let’s dig in!

During last week's shortened trading week, the employment outlook was the primary focus. The ADP Employment Change report on Thursday showed significant job growth, which was double what analysts projected. However, the Jobs Report on Friday missed the mark slightly, causing volatility in the markets, mostly to the downside.

The S&P 500 index has been fluctuating between 4,545 and 4,329. People who speculate a decline in the market are closely monitoring the 6/26/2023 low at 4,329. In case this low is breached, particularly if the Volatility Index (VIX) also surpasses 18%, traders may feel compelled to act and modify their trading plans accordingly.

Here are other key highlights from last week:

• Oil prices climbed about 3% last Friday

• Bitcoin Hash Rate hits new all-time high

• Coca-Cola collaborated with SolSea

• MIT Technology Review launched an NFT collection

• Polygon Labs demystified gas fee spikes

Watch the following closely this week:

Investors should be prepared for several news items that could significantly impact the market. It's important to keep an eye on inflation trends this week. There will be updates on the Consumer Price Index (CPI) and Fed Beige Book Release on Wednesday (7/12/2023) followed by the Producer Price Index (PPI) and Jobless Claims on Thursday (7/13/2023).

The Fed speakers for the week include Daly, Mester, Bostic, Barkin, Kashkari, and Waller.

In addition, this week marks the start of the Q2 earnings season with JP Morgan Chase & Co, Citi, and Wells Fargo on Friday (7/14/23).

This week's anticipated bias (not financial or investment advice):

• Monday (07/10/23) - Bearish

• Tuesday (07/11/23) - News-driven day

• Wednesday (07/12/23) - Expect the bears to take control in the morning

• Thursday (07/13/23) - Bullish Market - Take Profits

• Friday (07/14/23) - Neutral - Track volume

Trading Tip: It is best to use the lower timeframes in a bearish market!

Week 07/02/23 - 07/08/23 Recap

Special Tools and Strategies

Our DCG Mastermind group conducts monthly research on tradable cryptocurrencies. For the month of July 2023, we have identified two coins that we will be monitoring closely.

• Monero (XMR)

• Cudos (CUDOS)

To accumulate gains, we invest in these coins either during bullish moves or when the 7 Moving Average (MA) is broken on the 1hr, 2hr, and 4hr timeframes/charts. (Not financial advice!)

Disclaimer: This newsletter is strictly educational. The information provided in this report does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the report’s content as such. Please be careful and do your own research.