SUPERCYCLETRADER.COM
The Daily Dashboard
Oil Just Tripled the Fed's Rate-Hike Odds
Gold Hovers Near $4,100 as the Score Holds at 5 for a Second Day
Thursday, July 23, 2026
TRADER'S BRIEF
The Supercycle Score held at 5/100, "Ludicrous Headwind," a second straight session in the floor band, as the dollar (UUP) eased fractionally to 28.45 (-0.11%) but stayed pinned at 94.91% of its 52-week range, down only a touch from Tuesday's fresh cycle high of 96.30%.
Precious metals extended their run for a second straight day: gold (GLD) rose +1.15% to 379.12 (spot hovering near $4,100/oz), silver (SLV) added +1.58% to 53.92, both confirming GREEN trends again.
Fed-funds futures traders priced a nearly 34% chance of a rate hike at the July 28-29 meeting Wednesday, up sharply from just 10% a week earlier, as oil's climb on escalating Middle East tensions feeds inflation fear rather than growth fear.
Nasdaq (QQQ) was the board's only RED name, down -0.51% heading into after-the-bell earnings from Tesla and Alphabet; the S&P 500 (SPY) slipped a smaller -0.12% and stayed YELLOW.
Copper (CPER) fell -0.71% and cooled to YELLOW after an extended green run, the same rollover pattern that briefly hit corn and soybeans this week; both grains reconfirmed GREEN today (corn +1.50%, soybeans +1.01%).
With Brad Hoppmann
ALSO FROM GOLDEN CYCLES RESEARCH
Sector Cycle Radar: the free daily read on which S&P sectors are turning
Sector rotation is the equities-side mirror of the dollar-debasement trade playing out in this board every morning; if you want the sector-by-sector version of this same read, it's free.
That's the free preview. Below: the full 12-instrument Scoreboard, the Supercycle Score, the Fed-odds and macro read, and today's Taintsville Take.
Educational publication. Not investment advice. The Supercycle Score and CCI-based color signals are analytical tools, not trade recommendations; do your own research and consult a licensed advisor before making investment decisions.