The Traderszone Network

Jim Cramer warned investors not to get too excited, as the rally will reverse this week. He provided his top ideas of rare stocks begging to be bought

China data out this morning
– July M2 money supply +13.3 pct y/y (Reuters poll for the expected was at 11.7 pct)
– July New yuan loans 1.48 trln yuan (Reuters poll for the expected was at 738.0 bln yuan)
I wasn’t expecting this data until the 12th

MNI had a piece out yesterday from their excellent RBA watcher, journalist Sophia Rodrigues 
The article is gated, but in brief. Italics are quotes from the article, boldings are mine:

Momentum indicators for commodities are turning up. The Dollar Index has violated a small down trend line. The major averages have moved sideways over the last 12-months or so but under the surface a few sectors have managed to gain in price and some have lost considerable ground. Chart 1 highlights some of these differences with the S&P in red separating two winners, healthcare and

Midcap stock mutual funds have outperformed their large- and small-cap counterparts in the past 10 years, thanks in large part to the abdication of small caps in the past year. A $10,000 investment in the average midcap stock mutual fund made on June 30, 2005, would have grown to $24,840 by Aug. 7 this year, according to Morningstar data.

read more

Google picked abc.xyz as the web address for its new parent company Alphabet. Daniel Negari is celebrating.

Just scanning through Citi’s outlook for the week … and the word ‘consolidate’ is jumping out at me
– For the USD, they expect the
– On the AUD …
– Cable, more of the same ….

But, it ain’t all sideways … They are bearish on CAD and on yen: