🐳 WhalePool Traders Journal
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Bad trading habits make trading like gambling. This channel is for proactive and decerning investors and traders
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πŸ’΄ Japan and the US have joined forces to support the yen after it hit decades-low levels. But why is the US helping Japan prop it up?

Here's why it matters, and what it means for travellers, investors and the global economy: https://cna.asia/4pTO03z
Drivers, heads up: Drink-driving limits will be lowered in Singapore under a new law that also increases penalties for dangerous driving causing grievous hurt.

Read more: https://cna.asia/3S8b02t
#HKMarketUpdate
<Full-day Takeaway>HSI Closes at 25,915, Up 62 pts; HSTI Closes at 4,933, Up 47 pts; CMOC Up over 8%; TECHTRONIC IND, CH MODERN D, TCL ELECTRONICS, LEE & MAN PAPER Hit New Highs; Market Turnover Rises
2026/08/05 16:12 GMT+08

At close, HSI rose 62 pts or 0.2% to 25,915. HSTI rose 47 pts or 1.0% to 4,933. HSCEI gained 29 pts or 0.3% to 8,603. Market turnover reached $278.04 billion

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1536732/top-news/AAFN
#HKMarketUpdate
<H Shrs>HSI Ends Up 62 pts; Gold Mining and PCB Stocks Soar; HSBC HOLDINGS Drifts Lower by 2%+
2026/08/05 16:42 GMT+08

The HSI, opening up 38 pts before trading narrowly, closed at 25,915, up 62 pts or 0.24%, with main board turnover at HKD278.043 billion. The HSTECH closed at 4,933, up 47 pts or 0.97%, while the HSCEI closed at 8,603, up 29 pts or 0.34%.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1536742/top-news/AAFN
Gold just broke out, Bitcoin is hammering on the door, and the S&P is grinding toward Gareth's next resistance target near 7,810. The Nasdaq 100 has ripped 10% in a single week off last Wednesday's low β€” that does not happen often. But not everything is celebrating: AMD is down 8% on guidance and SpaceX is getting pounded into the exact measured-move target Gareth called before earnings. On today's Trading Game Plan, he maps the levels on all of it, plus the three supports he'd watch if the S&P finally pulls back.

πŸ“ TODAY'S GAME PLAN

🟒 SPY β€” Broke out of the wedge after holding the line three times. Next resistance is the 2024 trend line just above 7,810. On a pullback, first support is the former all-time high at 7,620, then the down-sloping trend line, then a third level below.
🟒 QQQ β€” Up 10% in one week on a Magnificent Seven bid. Gareth flags $737–$738 as massive resistance, where a gap fill and the 0.886 fib retrace stack up β€” about 1.5% away.
πŸ”΅ 10-YR YIELD / DXY β€” Yields flat after a big two-day drop, taking pressure off a September hike. Gareth remains skeptical the Fed actually raises, and wonders if Warsh is talking hawkish to get the effect without the action. Dollar easing back toward a key trend-line retest.
πŸ”΄ AMD β€” Down about 8% on guidance and margins after barely correcting while names like SanDisk fell 50–60%. Day trade only: Gareth's trend line sits just below the $450 round number.
πŸ”΄ SPACEX β€” Getting pounded into the $95–$97 measured move he called ahead of earnings, driven by the huge insider lockup expiry. That's the zone where he would consider a swing buy.
🟒 SHOP β€” Monster earnings surge that already pierced the $156 gap fill. Next day-trade level is $171 on an extreme extension move.
πŸ”΄ SEDG β€” SolarEdge trounced from about $48 down to $40. Scalp level at $38–$39 on the pivot low; swing interest only near $34.50 and $32.
🟒 ANET / DIS β€” Arista pops on earnings off recent highs. Disney bounces into a trend line near $106.50 β€” shortable there, but a confirmed break flips it and Gareth would buy the retrace instead.
πŸ”΄ UBER β€” Down 5–6%. A long-term trend line near $66 is a possible day trade, but it has been hit five times and a sixth makes a break a coin flip, so Gareth would rather wait.
🟒 GOLD β€” A resounding breakout candle. A close here confirms the wedge break. He is a long-term bull, though he would not be shocked by a run to $4,500 followed by a retrace later this year.
πŸ”΅ SILVER β€” Strong rally, but tons of resistance near $64. Until it clears that, the chart stays troublesome.
🟒 BITCOIN β€” On the verge of a breakout, hammering a trend line off multiple high pivots. With gold breaking out, Gareth sees reasonable odds it follows: first target $71K–$72K, then as high as $77K.

πŸ”‘ KEY TAKEAWAY: Day trades and swing trades need different levels. Gareth will scalp a decent trend line for a few minutes, but a swing hold takes a phenomenal multi-factor level β€” which is why AMD and Shopify are day trades today and SpaceX only becomes interesting near $95.

⏱ TIMESTAMPS (estimated)
00:00 ADP Miss and the Setup Into Payrolls
02:00 S&P: The 7,810 Target and Three Supports
06:30 Nasdaq Up 10% in One Week
10:00 Yields, the Dollar, and Fed Skepticism
13:00 AMD Drops 8% on Guidance
16:30 SpaceX: The Measured Move Hits
20:00 Shopify, SolarEdge, Arista, Disney
26:00 Uber and the Six-Touch Trend Line
29:00 Gold Breaks Out
32:00 Silver, Oil, and Natural Gas
34:30 Bitcoin About to Surge
36:30 Wrap-Up

#StockMarket #Trading #Gold #Bitcoin #AMD #SpaceX #Shopify #Disney #Uber #Silver #Earnings #DayTrading #Investing

https://www.youtube.com/live/lGSExjfFPew?is=l47xEvoS96C3n1Iw
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