Record Followthrough on July 11 Red Letter Trading Day

Commentary, News

Record stock market highs could see some followthrough early, but watch for a bump in the road later.

Inspired

By Susan Abbott Gidel
July 10, 2019

(All times Eastern)

Wednesday’s new record highs in both the S&P 500 and DJIA could see some follow- through on Thursday, July 11 as the Sun (leaders) and Neptune (ideals) are in an easy 120-degree aspect, exact at 12:31 am.

However, there could be a bump in the road at 2:01 pm as Mars makes a 90-degree square to Uranus. Watch for potential fallout from Fed Chair Jerome Powell’s second day of testimony before Congress then.

Following Thursday’s USDA Crop Production report, there is potential for a low in soybeans on Friday based on planetary positions at previous market lows.

Thursday’s reports include:

  • 2:00 am  Germany CPI
  • 2:45 am  France CPI
  • 7:30 am  Eurozone ECB Minutes
  • 8:30 am  US CPI
  • 8:30 am  US Jobless Claims
  • 12:00 pm  USDA Crop Production

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Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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Susan Abbot Gidel (425 Posts)


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