According to my risk summation system, the windows this coming week with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA are Tuesday July 9th and Friday July 12th.
Last week the mid-day July 3rd to mid-day July 5th risk window caught a little low whose importance will depend on the market action early this coming week. At this point last week's risk window pretty much looks like a dud, but by mid-day Monday we should know for sure.
As anyone who reads my posts knows, I'm a sucker for symmetry. The nice little triangle below points to a turn on about Friday July 26th.
Thursday and Friday of next week we get the next instalment of the BLS's comedic estimate of inflation, The high cost of my low living is getting completely out of hand. Yesterday two fancy burgers, two orders of fries, a beer and a glass of wine down by the beach came to about $74 including tax and tip. No $5 McDonalds meal deals anywhere in sight around here. Also Powell is set to testify twice earlier in the week. So lots to spook or bolster the markets this coming week.
Regards,
Douglas
