7/2/25 Recap

The SPY is drifting along nicely and we continue to trend higher, nothing bearish in this chart below and if you look at a chart of IBIT the bitcoin etf, it is approaching a larger breakout. Bitcoin has been this markets risk on/off barometer for years and right now its not signaling anything bearish. We have a half day tomorrow followed by a holiday friday for the fourth. Some trade deals are expected to be announced in the next week starting with Vietnam today. For the time being, nothing has changed and you want to be long. Note the golden cross that occurred below with the 50 day(yellow) crossing up and through the 200 day(green). This is a bull market regardless of how mediocre to bad the economic data is. Just remember stocks are not the economy.

My Open Book

Trades I Added