Weekly Brief - 7/22

Earnings, Events, Elections -- Oh My!

Welcome, and thank you for subscribing! It has been a HOT summer in the markets thus far and we will look to continue with this weeksโ€™ edition!

Listen up traders, this is what we have in store:

NEWS
Biden to Step Down as Democratic Nominee

Who will be the Democratic Nominee?

In a surprising turn of events, President Joe Biden has announced his decision to drop out of the 2024 presidential race, citing personal and health reasons. The announcement has sent shockwaves through the political landscape, as Biden was widely expected to seek re-election. In his statement, Biden expressed gratitude for the support he has received throughout his political career and emphasized the importance of unity and continuity in leadership. He also highlighted the achievements of his administration, including significant strides in economic recovery, healthcare, and climate change initiatives.

The Democratic Party now faces the urgent task of rallying behind a new candidate who can build on Biden's legacy and present a compelling vision for the future. This unexpected development has set the stage for a highly competitive and unpredictable election season, with both parties scrambling to adjust their strategies in response to this monumental shift.

EVENTS
Earnings Report - Week 29

We have some big companies reporting their earnings this week that you def want to be aware ofโ€”check below to see who reports when! To keep this BRIEF ๐Ÿ˜† (get it?) we are only going to make note of earnings reports which we think are a little more relevant ๐Ÿ˜

Monday, July 22

Before Market Open

Verizon (VZ)

Tuesday, July 23

Before Market Open

After Market Close

Spotify (SPOT)

UPS (UPS)

GE (GE)

GM (GM)

Coca-Cola (KO)

Lockheed Martin (LMT)

Tesla (TSLA)

Alphabet (GOOGL)

Visa (V)

Wednesday, July 24

Before Market Open

After Market Close

AT&T (T)

Chipotle (CMG)

Ford (F)

IBM (IBM)

Thursday, July 25

Before Market Open

After Market Close

American Airlines (AAL)

Southwest Airlines (LUV)

Dexcom (DXCM)

Friday, July 26

Before Market Open

3M (MMM)

EVENTS
Important Data Events - Week 29

Alright peeps, these are important data events to watch out for this weekโ€”we will include them in the weekly editions as well, so no need to stress if you donโ€™t get them all right now. Just open our morning updates and they will be there for ya ๐Ÿ˜‰

๐ŸŸ  = less important

๐Ÿ”ด = more important

Tuesday, July 23

10a EST

๐ŸŸ  Existing Home Sales ๐ŸŽ‡

Wednesday, July 24

3:15a EST

3:30a EST

4:00a EST

4:30a EST

9:45a EST

10a EST

10:30a EST

๐Ÿ”ด French Manufacturing PMI ๐Ÿฅ

๐Ÿ”ด German Manufacturing PMI ๐Ÿบ

๐ŸŸ  Flash Services PMI (Europe)

๐Ÿ”ด British Manufacturing PMI ๐Ÿต

๐Ÿ”ด Flash Services PMI (USA) ๐ŸŽ‡

๐ŸŸ  New Home Sales (USA) ๐ŸŽ‡

๐Ÿ”ด BOC Press Conference ๐Ÿ

Thursday, July 25

4a EST

8:30a EST

11a EST

7:30p EST

๐ŸŸ  German Business Climate ๐Ÿบ

๐Ÿ”ด Unemployment Claims ๐ŸŽ‡

๐ŸŸ  ECB Pres. Lagarde Speaks

๐ŸŸ  Tokyo Core CPI ๐Ÿฃ

Friday, July 26

8:30a EST

10a EST

๐Ÿ”ด Core PCE Price Index ๐ŸŽ‡

๐ŸŸ  Revised UoM Consumer Sent

WEEKLY TRADING LEVELS
FUTURES INDICIES

Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.

Use them to guide your charting, happy trading! โ˜˜๏ธ

ES

5721

5708

5679

5632

5604

5584

5559

5541

5519

5444

5393

5305

NQ

20986

20780

20640

20430

20081

19739

19660

19520

19400

19260

19200

18990

Trader Resource Center

PROPRIETARY FIRMS
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FEATURED CONTENT
Full Futures Trading Guide for Beginners

Here is a short 10 minute video put together by ImanTrading, it is a great intro that is engaging and interestingโ€”Enjoy!

Thank you for reading everyone! Feel free to refer your friends if you enjoyed the publication.

Peace out, happy trading! ๐Ÿ˜

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