The Weekend Rip: We Have More Earnings

Good afternoon people of Earth. Earnings season is still in full swing. Last week we got numbers from Apple, Amazon, Google, and Facebook. This week many high flyers such as Chegg, Twilio, Etsy, Roku, Square, and Datadog are scheduled to report earnings. It should be another busy one, get some rest.

We saw a crazy rally into the close on Friday. In case y’all missed it, here’s the 5-min $SPY chart. Will this strength carry over to next week?

Here’s the weekly S&P 500 chart and last week’s changes.

S&P 5003,271+1.73%
Russell 20001,480+0.88%
Dow Jones26,428-0.16%
Weekly percent changes

Wall Street Bound at Nasdaq

Wall Street Bound founder and CEO Troy Prince joined Nasdaq’s Jill Malandrino and Sterling Trading Tech President Jim Nevotti on Nasdaq Trade Talks to discuss the importance of trading education in building a diverse financial workforce.

You can watch HERE.
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To learn more about Wall Street Bound, go HERE

Monthly Charts

We flipped the calendar, so we thought we’d share a few monthly charts.

Here are the major indices. 

S&P 500

Nasdaq 100 

Russell 2000

Dow Jones Industrial Average

Here’s the US Dollar Index. $DXY had its worst month since April 2011.

And finally, here are a few crypto charts. Given that crypto markets never close, the most recent candle is the current month.

Here’s Bitcoin.

And how could we forget Ethereum. $ETH is up 198% YTD.

Sunday Links:

🚀 Follow the SpaceX Crew Dragon and Astronaut Return

🏬 When WFH Means “Working From Hotel”

🗺 Satellite survey shows California’s sinking coastal hot spots

📉 Retail Rents Plummet Across New York City, a Warning for Other Areas 

🤠 Stock Market Update: The Raging Bull Is Setting Up 

🏄 Watch 5 Minutes of Slab Hunting in Shark Country 

💰 Understanding the GDP During a Covid-19 Pandemic 

The Week Ahead 

And now a brief and well-organized look ahead at the trading week beginning Monday, August 3rd, 2020:

Economic Calendar:

  • 8/06  Initial Claims (8:30 AM ET)
  • 8/07  Nonfarm Payrolls (8:30 AM ET)
  • 8/07  Unemployment Rate (8:30 AM ET)

Here’s the full Economic Calendar provided by Briefing

Earnings Ahead:

Here’s Earnings Whispers’ great visual.

Be sure to know when your stocks are reporting. Here’s the full earnings calendar.