U.S. Equity Markets rose as the bulls took back the reins, ending yesterday’s session higher, led again by the Dow closing higher by 0.83%. The McClellan Oscillator improved off Monday’s extreme -300 print, closing at -56 last night. Earnings remained a tailwind for markets, with Coca Cola (KO), Verizon (VZ), and Johnson & Johnson (JNJ) all putting up strong numbers. Earnings will continue to be a catalyst in the coming days and weeks, with reports from Big Tech on the horizon. On infrastructure, Senator Mitt Romney (R-UT) said the differences with Democrats surrounding the bipartisan infrastructure bill could be resolved by the end of the week if a vote is delayed. This breathed some life into the discussions, which had largely stalled. However, the Senate’s procedural vote on the package was expected to fail, as Republicans said they would not vote for the bill before it was written. European Markets closed higher. The German government is said to have approved a relief package worth $471 million to provide aid to areas of the country damaged by recent floods. The European Union announced it had begun reviewing a COVID-19 vaccine from GlaxoSmithKline and Sanofi, making it the fifth shot currently under review. French Health Minister Olivier Veran said Delta strain COVID-19 cases were rising at an unprecedented rate ahead of a vote requiring vaccination or tests to enter public buildings. In Asia, China’s state-run media warned that the U.S. has undermined the country’s sovereignty and regional stability by expanding diplomatic and military exchanges with Taiwan. Japan’s exports and imports for June exceeded expectations, as demand from the U.S., China, and the rest of Asia continued to build, hitting some of the highest levels this year. South Korea’s preliminary export data for July rose versus June, as foreign demand for semiconductors and automobiles continued to increase. Australia’s preliminary Retail Sales data for June was weaker than expected, falling versus May, as COVID-19 lockdowns weighed on consumer spending. Elsewhere, Oil surged 4.49% along with  risk assets, while Bitcoin closed 6.68% higher as Tesla (TSLA) CEO Elon Musk said the company does not plan to sell any of its bitcoin.

To mark my 2350th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it lost 583 points yesterday and is now ahead by 705 points for July after making 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification

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