• 1. Wall Street angst is overdone, PNC's top market watcher says
  • 2. Here's why one trader isn't buying the greenback
  • 3. Technician says these are the next best levels to buy bitcoin

WHAT JIM IS WATCHING 8/2

The short-term direction in crude appears lower down to $66. At that point I believe crude will be a buy and continue in the longer-term trend higher up to an objective of $75.

Gold is hovering near support at $1,220. If $1,220 breaks then I think it will be a quick trip down to $1,200. It's the dollar causing gold weakness.

WHAT SCOTT IS WATCHING 8/2

Copper is down again on trade tensions. Look for a retest of $2.67.

The dollar index is toying with 95.00 again. I think 10-year rates and the dollar are the most important metrics.