FOR MONDAY: (8/1) A huge complex of cycles peaks into Sunday night and Monday. We find that stocks often rally the first day of the month and then pullback 30-40 S & P points and congest before the employment report. Currencies are very overdone and hard to chase but overall the dollar looks weaker until Aug. 7 even if we get congestion for a bit. T-notes look higher into Aug. 7 and metals also higher. The issue with all the market is finding entries and dealing with pre-employment report congestion.

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