The Mayday Call Worked, Now Watch Thursday’s SPCX Unlock
For two weeks this report tracked a market issuing a technical Mayday, first flagged July 22 as Fly High or Dip Die. Today it can finally call it: the Mayday call worked, NASDAQ resurrected and jumped 1.65% back toward the center of its range.
NASDAQ ripped up 419 points as the underlying crisis that caused the scare started actually resolving. Iran’s focus moved off nuclear power entirely, with enriched uranium agreed to be diluted, and its foreign ministry says Tehran and Oman are close to a new maritime route through the Hormuz Strait. The US and Japan jointly intervened in currency markets for the first time since the 2011 Tohoku earthquake to stop the yen’s collapse, and Morgan Stanley upgraded Korea to overweight, citing the very leverage clearing that caused its own crash weeks ago.
The report’s own advice from July 20, watch the live Hormuz tracker for first-hand data instead of waiting on leader statements, is exactly what let readers see this de-escalation coming before the headlines caught up.
Underneath the relief, two real tests remain this week. AMD and SPCX both report Tuesday, but SPCX’s real catalyst is Thursday, when restricted shares finally unlock onto the open market, right at the $100 psychological support level flagged back in July. Friday’s jobs report then decides whether AI-driven layoffs are actually showing up in Non-Farm Payroll.
The Mayday call is over. The next test is Thursday’s unlock, not today’s rally.
Full report available via the download button below. Read previous US Stock Express editions here.
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About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.
About the Author
Daniel Yue has been an active investor since 1980, with experience spanning stocks, currencies, futures, metals, and bonds. A scholar of the Chicago School of Economics, he holds a Certificate with Distinction from Cambridge University and a degree in International Trading from National Taiwan University. He served as Chief Analyst for over 30 years and Chief Mentor at Sincere Finance. In 2017, he received an award from the University of Arizona for financial internship leadership.
The analysis and opinions expressed in this article are for educational purposes only and do not constitute financial advice. Investing involves risk. Please consult a qualified financial advisor before making investment decisions.