Best Forex System Download : OPEC+ Cancels Meeting; Oil Prices Spike

It's time to get back to it after the long weekend, folks.

The abbreviated week should offer plenty of opportunity...

They usually do.

More trades... Less time...

But between the random explosions heard throughout the weekend (some people just can't wait), I took the time to look at the sectors and industries to see what's trending for the next trade.

It's a bit overused, perhaps, but it's true - the trend is your friend.

However, if you can get in early and you're patient enough, the returns are much better...

"Mr. X" did some research of his own on the subject and identified the key areas to watch as the world opens back up...

Read it at the link below.

Keep moving,

More on the DiDi, Too Much Pump, NFT Sales Insanity

Premature IPO - It turns out that DiDi Global (DIDI) was warned ahead of time that going public last week was a bad idea. More information has come out regarding China's removal of the company's app from app stores that came over the weekend and, according to The Wall Street Journal, the Cyberspace Administration of China had warned against the company's IPO, stating that their cybersecurity was an issue. But due to pressure from private investors and venture capitalists, DiDi Global went ahead. Private equity firm Mirae Asset Securities has refused to comment on whether or not it sold its shares already "due to a strategic stance". Strategic? Oh... Strategic.
High as Gas - The tiff between Saudi Arabia and the United Arab Emirates is having an immediate effect after the latest OPEC meeting ended without a handshake. Despite the pressure to increase production due to demand, Abu Dhabi has stood firm on its stance that the deal is unfair, leading to a spike in oil prices to over $76 a barrel and soaring prices at the pump. The Independence Day holiday saw gas prices rise to their highest in close to a decade at an average of $3.15 a gallon for regular gas. Analysts speculate that these prices will continue higher and the possibility of a full break down of the alliance could spell disaster. And then you have this guy:

Expensive "Art" - Although NFT (non-fungible token) stocks have been quiet as of late, they've been quite loud in terms of sales. Through the first half of the year, new data from DappRadar shows that close to $2.5 billion has exchanged hands in NFT sales with some NFT marketplaces reaching record highs in the month of June. However, most of these figures only account for blockchain purchases and don't factor in those that are processes as "regular" transactions. We're just as confused as you are.
Wells Fargo Goes Bearish - Tech investors aren't too happy with the latest comments from banking giant Wells Fargo. In a new interview with CNBC, Wells Fargo's (WFC) Head of Equity Strategy Chris Harvey stated that investors could expect a "day of reckoning". With Big Tech being sensitive to action in interest rates, Harvey claims that the valuations and premiums for which investors are paying will be hurting due to an inevitable increase in rates. And that is why he gets paid the big bucks.

HOT SPOTS: What's Going on in Geopolitics

Singapore: It's Just The Flu, Bro - If Prussia was an army with a country, Singapore might just be an economy with a country. The authoritarian government does not let anything get in the way of economic prosperity, and that includes COVID-19. Of course, Singapore's stringent control measures have allowed it to get a handle on the disease more easily the other countries. Now, that is paradoxically allowing it to free its citizens from restrictions more quickly. A proposed plan would not only include reopening the country, but stop counting COVID-19 cases entirely. "We can't eradicate it," confessed several ministers, but there are ways they can "turn the pandemic into something much less threatening" so everyone can "get on with our lives."

Putin: Sinking British Ship Wouldn't Lead to WW3 - The Russian president assured his people in a direct question and answer program that there was no danger of World War III, even if Russia had sunk the British ship that approached what President Putin regards as Russia's territory. He dismissed the British effort as merely a "provocation" and blamed the West for trying to put military forces in Ukraine directed against Russia.

Mandatory Vaccines In Some Countries - Tajikistan and the Vatican have mandated vaccines for their population. However, other countries are simply designating mandatory vaccines for certain subgroups of the population. This includes members of the service industry in Moscow and certain health care workers in Italy and the United Kingdom. Watching the caseloads in these countries over the next few weeks will provide a useful guide to how the "Delta variant" is likely to hit nations using a wide variety of governmental approaches and vaccines.

CUTTING EDGE: What's Happening In Tech

♫ Dream Warrioooooooors ♫ - (Apologies to anyone unfamiliar with the work of Dokken). Coors underwent an experimental program to try to promote their products in people's dreams. This included urging people to watch a short video before bed and then listen to an eight hour "soundscape." Experts warn that this is basically an attempt to push an addictive substantive on people in their sleep. I mean, ok - but isn't that all advertising? Barring legislation, this is probably the next step - and as long as there is some kind of benefit for "volunteering," I imagine a lot of people will go along with it. (Think of social media).

Russians Produce Cows That Will Make Lactose Free Milk - Scientists at Moscow's Skoltech Institute cloned a cow that produces milk lacking proteins that cause lactose intolerance. They now are working on creating a herd with the edited genes in the cloned cow. The result could be cows that will produce milk safe for most people to drink - about 70% of the world population suffers from some form of lactose intolerance.

Autonomous AI Drones On The Loose - Israel has successfully executed the first ever totally autonomous drone swarm to eliminate a terrorist target. (Well, first one that we know about). The drones use AI to process information and then can strike targets without anyone telling them what to do. The strikes took place during the recent Israeli intervention against Hamas. This is almost certainly the future of warfare. Just hope they don't get hacked.

FOR YOUR CONSIDERATION

"[I]t looks like global economic growth will continue and even accelerate. Investors simply need to be aware of the above dangers and not take anything for granted."

With a new variant of COVID-19 spreading around the world, the global economy faces real dangers. However, whatever short-term problems loom, most reports indicate an economic boom is underway. Given the media's preference for bad news, the picture may even be brighter than many think. How can you benefit from a global economic reopening? Mr. X has a couple ideas.

SHIPPING AND A GLOBAL REOPENING

Fastenal (FAST) is a dividend paying stock that's been extremely "swingable" and I'll show you why...

The uptrending Zig-Zag pattern has given plenty of clues as to when to exit and/or enter at each of the highlighted boxes. What's important to note is that at each of these levels is a semi-gap down or up over the 50-day simple moving average (blue).

The furthest drawdown after peaking towards its upper trendline (white) is a brief move below towards the 200-day simple moving average (green).

Now, while it is a swingable ticker, I'd take note of the broadening pattern, that is, bigger swings.

Each swing continues to get larger, so I'd take extra caution in case the stock decides to dip further than usual.

For now, a move towards upper ~$50's looks likely, but as you can see in the last swings, there's a breakdown before it makes the swing-high.

-Corey

(Disclosure: I hold no position in FAST.)

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OPEC+ Cancels Meeting; Oil Prices Spike

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