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Posted July 22, 2025 at 12:45 pm
The article is as of July 21, 2025.
Quant traders, know this: New options for August expiration trade July 21.
And TSLA is back in the Momentum Daily Trading Ideas portfolio at EDGE. Mathematically, it’s best buying 1.0, selling 10.0, reflecting its momentum characteristics. Since Apr 10, that would have given you 31% in TSLA in 33 days – close to 1% per day. It’s at 8.0 now.
If you’re investing in US equities, Market Structure EDGE can help you see WHEN to come and go. For more on that, join the next live EDGE Discussion.
And the crypto boom continues. Could you use EDGE for bitcoin et al? Build a cryptocurrencies portfolio. Mine has ARBK, COIN, CRCL, GREE, HUT, IREN, MARA, MSTR, RIOT, WULF, XYZ. Maybe there are others it should include. Demand in the Crypto Portfolio is 8.0 and ticking down for two days, Supply is 43.5% in the portfolio and rising for two days. That data says the group remains strong, though momentum has stalled.
The popularity of cryptocurrencies and stablecoins is undeniable. And yet anytime – internet stocks with no revenue, SPACs with no business, meme stocks, madness of crowds – a thing lacking value suddenly garners it, it’s a bubble. People don’t know until it’s too late. I’m not knocking this category; I’m observing history.
There are global disconnects. Take Germany. Its economy hasn’t grown materially since 2017. It’s contracted the past two years. The stock market index, the DAX, is up 90% the past five years. Fundamentals don’t necessarily drive stocks. There is nothing fundamental about cryptocurrencies and stablecoins.
So, keep your wits about you. Use math. Speaking of which:
Broad Sentiment. As measured by EDGE, it’s 5.7 and falling from a peak near 7.0, and Supply (Reg SHO Rule 201 data) is 52.3% and rising. Yes, the market is more short than long even as it rises. How? Market-makers under regulatory exemptions are creating stock to fill orders. It speaks to pervasive use of Exchange Traded Funds. Since May 20, Broad Sentiment has averaged 5.8. But don’t get complacent. The world is full of outliers right now. It’s like a mini-Pandemic. Like tariffs were The Plague that turned out to be allergies.
Context. Looking at the market’s cadence and calendar, new options trade today and earnings continue apace. VZ, T, TMUS, NOW, GM, GOOGL, IBM, CMG, TSLA, AAL, LUV, QS, HON are among the many reporting this week (there are a great many more). Always check before you buy or sell. Earnings can alter outcomes. And on Counterparty Tuesday Jul 22, banks will square books on options, and Wednesday is free air where we’ll find out if there’s turbulence.
Divergence. There are 16 in the Low Volatility Daily Trading Ideas portfolio, 13 in Momentum DTI. Solid numbers. Again, check the earnings calendar. Unsurprisingly, MARA, from the crypto portfolio is there.
There are times when there’s an undeniable groove. Like Scottie (why not go by Scott?) Scheffler on the golf course. He’s got everything working. Sometimes it’s that way in the market. Last year, the market took a hard turn south after July month-end options-expirations. Beware.
PS – Come join the next live Discussion! We’ll have a read on how August may start. And sign up for our FREE daily Market Desk Notes.
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