"Ten to One!"

Hi There! As the sun sets on July 2023, I find myself reflecting on the incredible journey this year has been thus far—a year of empowerment and growth. I've embraced a new mantra: taking bold action and getting sh*t done. I may feel afraid at times, but that won't hold me back from soaring to greater heights.

And speaking of soaring, I'm thrilled to share a momentous achievement—I've co-authored an exceptional book alongside Jamar James, and it's set to be released in August. This is just the beginning! The best is yet to come!

As we bid farewell to July, we welcome August with sheer excitement and anticipation. August is the month of boundless possibilities and fresh ideas, so I urge you all to seize the moment and pursue that thing you've been longing to do. Let's make August a month of triumph and success!

Stay tuned for the book's launch date and join us as we embark on this inspiring journey together. Here's to making August unforgettable! 

Okay, let’s dig in!

August Trader's Notes:

• August is known for rumors and unpredictability in the market.

• The S&P 500 Index (SPX) has surpassed the $4,545 level, signaling a potential path to all-time highs.

• Historical data suggests August is mostly negative for Bitcoin (BTC), but be prepared for surprises (see Issue #34 for BTC Seasonality Heatmap).

• Pay attention to trading volume; it's a significant factor for success.

• No Fed Meetings are scheduled this month, which may influence market behavior.

• On Thursdays, consider the "buy the dip" strategy in the stock market.

In a recap of last week, the markets surged higher as investors carefully balanced moderating inflation concerns with the prospect of rising interest rates. The Federal Reserve's decision to raise interest rates to their highest level in 22 years was met with assurance that the rate cycle might be approaching its conclusion. Furthermore, the latest Personal Consumption Expenditures (PCE) reading brought a glimmer of hope as inflation pressures continued to show signs of abating. With the Fed and the ECB nearing the end of their tightening measures, the financial landscape brimmed with anticipation and optimism for the weeks to come.

Here are other key highlights from last week:

• Oil posts fifth week of gains on signals of tighter supply

• Bitcoin teases $29.5K

• Gucci rewards NFT holders with exclusive physical goods

• Mastercard and Billboard unveil game-changing NFT music showcase

• Italy’s Central Bank selects Polygon for security token ecosystem project

In the week ahead:

This week promises some excitement as the markets heat up amidst the summer lull. Keep an eye on the ISM Manufacturing index for a slight improvement and the ISM Services report, which could trigger market volatility if below 50. US Non-Farm Payrolls remain robust, and the Fed Senior Loan Officer Opinion Survey (SLOOS), as mentioned several times in last week’s FOMC meeting, could impact credit and lending standards. As such, pay close attention to the US Banking Sector ETFs like XLF and KBE.  

Overseas economic data highlights:

• EU CPI inflation (7/31): Market expects a percent reduction.

• RBA meeting (8/1): Close call on cash rate - 4.1% or 25bp hike.

• EU manufacturing and services PMI (8/3): unlikely to have an impact.

• BoE meeting (8/3): a 50bp pro-active hike or data-reactive 25bp hike.

Another packed week for earnings ahead! Investors eagerly await updates from Advanced Micro Devices (Nasdaq: AMD), Amazon (Nasdaq: AMZN) , and Apple (Nasdaq: AAPL), along with other notable releases highlighted in red.

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

• Monday (07/31/23) - Follow the trends

• Tuesday (08/01/23) - 1st day of August historically bearish

• Wednesday (08/02/23) - Look for shorts in stock and crypto markets

• Thursday (08/03/23) - Buy the low of the day

• Friday (08/04/23) - Neutral - trade the momentum

Trading Tip: Historically, Tuesdays tend to be bullish in August!

Week 07/23/23 - 07/29/23 Recap

Special Tools and Strategies

CryptoSlate is an information-only website that provides news about coins, blockchain companies, blockchain products, and blockchain events. It has been operational since 2017.

In addition to offering daily news coverage and market analysis, CryptoSlate provides data and information on various aspects, including:

• 2872 crypto assets

• 57 crypto companies

• 189 crypto products

• 617 people to follow in the crypto sphere

• It is read by millions of people globally.

One of our favorite features is the coins listing by Sector. If you wish to find coins that are trending at any given time, follow these steps: Go to the "Coins" section, click on the Sector drop-down menu, locate the Sector with the highest percentage change, then identify the coin with the highest 24-hour percentage change. Conduct thorough research on the coin and align it with your trading strategy to determine if it meets your criteria for a buy or sell.

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