TECHNICAL SCANS – (Daily Signals) We scan the All Ordinaries (500 stocks) every day looking for buy and sell signals. The results are below. The lists are in alphabetical order with the larger or more interesting stocks highlighted in yellow. The size of the lists gives you a feel for the market trend (lots of buy…

The main event this week is the start of the US Q2 Results Calendar. Chinese GDP numbers on Monday are a focus – this will kick off a Chinese economic trajectory debate and provoke stimulus chatter. RBA Meeting Minutes Tuesday. Michele Bullock takes over in September – there are two more RBA Meetings before that. The appointment is seen as Dovish (less likely to raise rates). Australia also has jobs numbers on Wednesday.

BULLETS The Economic Clock is turning. About 6:30? Ignore the Clock Hand in the graphic. US PPI numbers confirm the CPI inflation trend. Lowest number in nearly three years. “One and stop” is the new FOMC assumption. Tech going harder than the rest of the market on the bond yield drop. The Australian All Tech…

SUMMARY If they were overbought before they’ll be overbought now – the NASDAQ and S&P 500, NDQ, IVV. A number of Tech based ETFs also overbought still – FANG (why did I sell it!), NDQ, SEMI, RBTZ, DRIV, CRYP, IPAY. Oversold – SNAS – Glad I didn’t…. Not much to go on in the All…

SUMMARY This CPI number had better be good – the market is betting on it. Does it know something? China support for real-estate sector helps us a bit. Our bond yields dropped yesterday. Gold interestingly bottoming. US results coming. Australian results calendar. BULLETS A bit of volatility running into the CPI numbers. Having lost 121…

SUMMARY A few strategists fussing about bond yields and mentioning 1987. Early signs of Big Tech running out of steam. All eyes on the CPI number tomorrow night. Banks – why they are some of the best income stocks in the World. A STOCK  TAKE on APE. Cheap cyclical income stock in a sweet spot.…

MAIN EVENTS This week's key highlight is the release of the US Consumer Price Index data on Wednesday. In May, US inflation dropped to 4%, marking its lowest level since March 2021. The drop was driven by a fall in energy prices. Core inflation, which excludes the volatile costs of food was 5.3%. Market consensus…

SUMMARY Not as many sell signals as expected this morning – maybe on Monday. Big Tech and Tech based ETFs still overbought – not for long. SNAS and BBUS (Bear market ETFs) are Oversold and on year lows – will lift today. Sell signal on GGUS which is geared to the S&P 500 going up…