Welcome to August, the bottom performing month of the year since 1987. For gobs of market facts and trivia subscribe to www.stocktradersalmanac.com. (I receive no compensation for this genuine testimonial, just a happy subscriber).

For Monday 210802 (Plenty can change by the open, be aware.)

The Mortgage Payment Trade is currently profitable both ways with SPY +1.95 and TLT -0.62.

Globex Review: Risk on. Asia made a strong comeback. One trade taken (short) with two targets in the bag before stopping out the final third. 

Day Session Analysis: Mixed evidence today. Charts suggest continued melt-up. World sentiment is BULLISH but that historically brings out profit-takers. ISM MFG report @ 10:00 might help decide direction. Stats favor SHORTS running further than LONGS. Monday (both sessions combined) garnered 27% of all the gains (in dollars) over the past 5 years.

S&P 500 Futures CPL: 4386.25/4393.25. We’re trading ABOVE the CPL (short edge below, long edge above).

...

Day Session Analysis:

World sentiment is BEARISH and that historically brings out Buy-The-Dippers. After falling 35.50 points (AMZN miss) price is trending up somewhat. Income reports @ 8:30 should help decide direction. Stats favor LONGS running further than SHORTS. Friday (both sessions combined) garnered 25% of all the gains over the past 5 years in dollars. Reversals (78%) crush Breakouts (22%). Trading CL/GC/ES using BB Rev with new filters considered and looking for Credit Spread opportunities on the SPXW.

S&P 500 Futures CPL: 4411.25/4414.50. We’re trading BELOW the CPL (short edge below, long edge above).

The World Index (-100/100) plummets from +64 to -64 with all major world markets bearish (long edge).

Catalysts: Personal Income & Employment Cost Index @ 8:30. Fed-speak @ 9:00. Chicago PMI @ 9:45. Consumer Sentiment @ 10:00. Covid Delta still relentless. AMZN and HOOD cant’ find the buyers. Possible brightside for AAPL owners, they borrowed $6.5B for...

Day Session Analysis:

World sentiment is BULLISH and we’re near all-time highs. GDP & Jobless Claims @ 8:30 should decide direction. Stats favor shorts running further than longs. 

S&P 500 Futures Critical Price Level: 4394/4398.50. We’re trading within/around/above the CPL (short edge below, long edge above).

The World Index (-100/100) jumps from +29 to +64 with all major world markets bullish (short edge).

Catalysts: GDP & Jobless Claims @ 8:30. Fed reassures spending won’t taper soon. Covid Delta continues to get notice with a return to MaskLife looming.

Trends: 60 min UP within a RANGE, daily up but “rounding” lower (short edge).

Chart: Inside day. Stat update shows LONGS have a subtle edge. Opening +0.10% (no edge). $TRIN XMA @ dropping to 1.12 shows a subtle buying trend (long term outlook: stay long).

Globex: The range of 22.50 (possible higher by the open) suggests a day session range around 38 points on a FALLING ATR of 40.73....