Best Forex System Download : Five Straight Monthly Gains for the S&P

We're breaking more records in the SPX...

And I'm moving profits to cash.

If there's ever been a rule to live by, it's to buy weakness and sell into strength...

Sound simple? It isn't.

This is about human nature...

It's about discipline.

You figure, when things begin peaking and euphoria is bubbling, those late to the party are coming in at the top while the early birds have already headed towards the exit.

One thing that Dr. Moors has stressed time and time again is to keep some dry powder around...

But today, he's put together a new Spy Tale from more recent years while working in Greece, only he wasn't expecting the trouble he'd have to deal with...

Check it out below.

Keep moving,

Pay Up Robinhood, Penny Thieves, A New Meme Stock?

The Fury of FINRA - The "apes" of r/WallStreetBets celebrated yesterday after news broke that the popular, yet controversial trading app, Robinhood, was fined for its role in this year's GameStop controversy. But aside from the system-wide failures in order execution, the self-regulatory authority also took aim at the firm's options trading operations that led to misquoted prices and account balances. Robinhood will pay the largest fine in FINRA history at $70 million with a portion of the money going directly to customers that were affected. That's one way to avoid a wash sale.
Pump & Dump Pt. II - Last week's news of a trio of scammers charged with securities fraud has just gotten worse. In an attempt to take over dormant OTC shell company tickers, one of the members of the group, Mark Miller, is now under investigation in Florida for allegedly attempting the same scheme with New World Gold Corp. (OTC: NWGC). While Miller has yet to comment publicly, his attorney has requested to withdraw from the case stating that there were "irreconcilable differences that have nothing to do with money." That's not good, Mark.

Dingdong on the Run - While ride-sharing giant DiDi Global (DIDI) failed to impress in its public debut, another Chinese company jumped nearly 100% on its second day of trading - Dingdong (DDL). The grocery delivery app took investors by surprise after a lackluster IPO when the stock took off to a high of $46.00 after closing at $23.52 the day before. Rumors have circulated that the stock gained on volume solely because of the name of the company. Welcome to the stock market of 2021.
Still Going - The S&P 500 hasn't been kidding around this year and printed another all-time high yesterday at 4,302.43. With ADP's June employment report numbers coming in higher and an optimistic anticipation of non-farm payrolls, investors piled in to push stocks higher while Treasuries fell lower. The new high is now just over 96% above the pandemic lows and the fifth straight monthly advance for the index. Cheers to you, retail.

HOT SPOTS: What's Going on in Geopolitics

Donald Rumsfeld Dead At 88 - The former American Secretary of Defense and staple of the GOP has died. He served four American presidents in a career that spanned decades. However, he will probably best be remembered as the controversial head of the Defense Department who presided over the second American invasion of Iraq.

Chinese Infrastructure Program Comes With Costs - China is trying to win support all around the world by funding and building infrastructure in countries everywhere from Asia to Eastern Europe. However, many countries are now finding that accepting Chinese help comes with costs later, especially a debt trap. The latest victim is Montenegro. The country faces the impossible problem of paying back an estimated $1 billion loan for an unfinished road. The worst part - the road doesn't lead anywhere, so the entire enterprise was pointless. Well, not for China.

"The City" Wins Once Again - There's the city of London, one of the great capitals of the word. And then there's "The City," the tiny, semi-autonomous region in the center of the metropolis that houses some of the world's leading financial companies. Steeped in mystery and tradition, The City appears to have won another victory. Great Britain appears to have secured an exception for financial services companies from proposed global tax rules. The British Empire may be gone - or maybe it is just living on in a new form.

CUTTING EDGE: What's Happening In Tech

The End Of Alchemy - Not the practice of turning lead into gold. (The hunt for the Philosopher's Stone continues.) Instead, Alchemy is a small satellite designed to burn up in orbit and test a possible way of disposing of "space junk." As inoperative satellites continue to surround the planet, they are posing an increasing danger to live satellites and space stations. The problem will only get worse as more companies move into the commercialization of space.

SpaceX Scrubs Mission - SpaceX has been on a winning streak lately, but recently had to scrub a mission at the last minute. Elon Musk blamed the FAA and complained that the "keep out zone" is "unreasonably gigantic." "There is simply no way that humanity can become a spacefaring civilization without major regulatory reform," he tweeted. I wish I could make every one of my personal setbacks into a problem for the entire species.

Virgin Orbit Launches Satellite Into Space - One company's loss is another's gain. "Cosmic Girl," one of Virgin Orbit's planes, successfully launched a rocket into orbit. It's the second successful orbital flight for the company. Richard Branson may be trying to compete with Jeff Bezos to get into space this month, but thus far, there is no confirmation.

FOR YOUR CONSIDERATION

"Things happened quite quickly (thankfully) from that point onward. The targets had no inkling we were watching and made little attempt to run any serious SDRs (surveillance detection runs). In less than 24 hours, we had them photographed, processed, and identified. All were members of a GRU (Russian military intelligence) finance squad."

In this week's "Spy Tale," Dr. Kent Moors finds himself consulting in Greece during the height of that country's 2012 financial crisis. However, he finds more than he bargains for when he sees not just fiscal problems, but an undercover Russian intelligence operation.

Uncovering Russian Operations In Greece

The chart for US Well Services (USWS) looks almost identical to what we looked at yesterday with SOLO.

And just as that looked good for a run, so does USWS. Similar setups become another strategy to keep in your arsenal and when you nail them down, they pay well.

Here, we have a stacking of the moving averages and a bullish movement of the 50-day simple moving average (blue) over the 200sma (green) for the golden cross early on.

The major run has dissipated, but you can see that the setup is still on the uptrend noted by the white, dotted trendlines forming a pennant.

Entry under $1.20 looks like a solid bet with some dry powder to establish a full position if it drops.

A break below $0.90 and I'd call it quits.

-Corey

(Disclosure: I hold no position in USWS.)

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Five Straight Monthly Gains for the S&P

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