TMAD Update: Headline Driven, Sporadic Price Action + TSLA and GOOGL Earnings

$SPX $TSLA $GOOGL $ONDS

Hi everyone,

The market is still headline-driven, with very sporadic summer price action. It’s frustrating, but so are most summers. Most people are on vacation and spending time with kids; the low volume creates those sporadic up-and-down moves. We are breaking above supports then marching above resistances; this isn’t normal price action.

Let’s be patient; we will get some momentum in mid-to-end August.

Let’s look at SPX levels and our trade idea we took two weeks ago, which is finally getting to fruition; it was up over 10% yesterday, and we’re expecting 100% on this name.