Powell is favoring a rate cut. CME Fed Futures now predict 90% of a cut in September. “The balance of risks appears to be shifting.” While labor markets remain in balance, “it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers. This unusual situation suggests that downside risks to employment are rising. And if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.”
Be on the lookout for pocket pivots in leading names. Currently, the volume is insufficient but depending on how today's trading goes, some may become actionable. More aggressive traders may with to buy at logical areas of support even without confirmation of sufficient volume for a pocket pivot.
Crypto-related: MSTR, MSTU, ETHE, ETHU, GBTC
Magnificent 7: NVDA, META, AAPL, GOOGL, AMZN, MSFT, AVGO
MSFT, META, AMZN are bouncing off their respective 50-dmas.



PLTR is as well.

Nuclear energy stocks are also turning around.
Some of the ones we have discussed that look potentially buyable either at support or on a pocket pivot:




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