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“Let all that I am wait quietly before God, for my hope is in him.” Psalms 62:5 (NLT)
Why did David write this? Because he knew God was his only hope of peace. He declared, “My hope is in Him.” It can be the same for you. Today choose to stop the madness. Stop the busyness. Instead choose to wait, wait quietly before God. Know Him, love Him, fellowship with Him. As you do, you will find your hope in God.
The big story on Wall Street this morning was the Yuan and its unpegged potential to spark a summer rally in the U.S. Equity Markets. The euphoria was short lived....
Who Wins When the Yuan Appreciates?
Who Wins as China Lets the Yuan Move Higher?
- China Announces Yuan Flexibility: So What's Next?
- China's Currency Regime Shift Will Ultimately Be Deflationary
- Why China's Unpegging of Yuan Is a Sham
- China Signals End to Currency Peg to Dollar
The One big winner could be Miners
Mining companies are set to gain from China's move to let the renminbi appreciate, and stocks in the sector are rising almost across the board today.
Weekly Trading Zones
These are the numbers that were emailed last night to our newsletter subscribers.
S&P 500 Emini Futures / ES
| 1128/1129 |
| 1120/1121 |
| 1115/1116 |
| 1111/1112 |
| 1106/1107 |
| 1103/1104 |
| 1094/1095 |
Dow Emini Futures / YM
| 10,533 |
| 10,457 |
| 10,416 |
| 10,381 |
| 10,340 |
| 10,305 |
| 10,229 |
To read last night's email Click Here
Weekly Trading Zone Daily Results
On today's show we discussed a price channel on the YM that began last Monday and kicked around a few ideas about where and when it might break. We got our answer just before the closing bell...
Stack Trade Daily Results
Pray Hard & Trade Safe!
CT
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