Over the last 20 years, July is the best trading month of the year. There is no reason that won’t hold again this year. After July, the market normally has a couple questionable months and then pushes higher through the end of the year.
If you only look at the last 10 years, July has been a winner every time! That is not to say it won’t falter at some point.
The S&P has been stuck in a range the last couple weeks. So far, it keeps finding a reason to bounce. Some of the challenge is a small unwind of the AI trade.
If you look at volume the last 90 days, it is sitting in the same range, which is normally the case. No surprise here.
The Dow is showing the most strength at the moment as it marches higher
The Nasdaq 100 is showing a bullish pennant pattern. I don’t normally pay much attention to patterns, but here it is.
The NHNL and Capitalized NHNL is both showing bullishness
The rolling 52-week NHNL is also bullish with the bearish divergence cancelled last week. All signs point upwards
I do have some active swing trades even though I am not able to pay much attention to them as we get ready to move. I am not all the way in, but enough to force me to look at the market every day. The big move happens next week!
