Updates for Monday 8/23/21

We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.   

Updates 1:00 AM EST -  Monday 8/23/21
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Key events this week
This week's key reports focus on the strength of the economy this week.   Click here for the full economic calendar.

Monday:   Existing Home Sales
Tuesday:   New Home Sales
Wednesday:  Durable Good Orders
Thursday:   GDP; Jobless Claims
Friday:  Personal Income & Outlays; Consumer Sentiments

All eyes will be on the Fed this week as the virtual Jackson Hole Summit starts Thursday.   Powell is scheduled to speak on Friday at 10 AM EST.

​In the big picture context, the same questions are being asked.   

• How healthy is the economy?
• When will the Fed start to taper and when might they raise rates?

No one knows the precise answers, and the answers are likely to change over time.   However, there are now a growing number of technical signals that indicate the stock market is getting much more nervous, more volatile, and primed for a major drop.

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