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Monica Kingsley

Monica Kingsley

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Monica Kingsley is a trader and financial markets analyst. Checking dozens of charts daily, she integrates their messages with economics and in-depth experience. Trade calls and writing are her cup of tea as much as studies in market histories. Having been at the financial markets when the Great Recession arrived, she experienced many bull and bear markets - be it in stocks, bonds, gold and silver.
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ES to surge above 4,300

(Kitco commentary) - S&P 500 followed up my projected path yesterday – dip soon bought, then chop and up, ignoring bearish macro data.

ES rebound to continue

(Kitco commentary) - S&P 500 bears made good progress initially as yesterday‘s data confirmed the hawkish Fed takeaway – yet my bond targets wenen‘t met, indicating that the field is now open to the bulls, which allowed me to call for ES going up all the way to the Sunday futures open in the low 4,240s.

Daily ES bearish upper hand

(Kitco commentary) - S&P 500 was complacent yesterday given VIX only at 18, but the key turn happened in tech, in the waning NDX market breadth. No rush to the exit door yet, but the rotation into value and cyclicals was barely there, and more than debt limit bill vote is to blame.

Weaker than before

(Kitco commentary) - S&P 500 took advantage of Thursday‘s technicals, rode AAPL coattails, and shook off positive NFPs while ignoring prior one‘s downward revision.

FOMO dip buying

(Kitco commentary) - S&P 500 continued the real FOMC move, which points down as befits tightening into slowing economy on simultaneous proclamations of strong banks.

Job market spark

(Kitco commentary) - S&P 500 bears didn't disappoint yesterday, remaining in control as the focus shifts to recession signs. Both ISM services PMI and non-farm payrolls employment change data continued on Tuesday‘s note, and the short end of the curve is reaching for fresh lows, with 10-y yield well below those (at 3.30% already).

Recession trades to the rescue

(Kitco commentary) - S&P 500 finally turned south in line with the medium-term outlook, in reaction to the wildly underwhelming JOLTS data. Job market deterioration is finally getting reflected as per the Mar/Apr timeing for issues to arrive that I discussed earlier. Unemployment claims rising and finally non-farm payrolls would come to reflect that.

Less suspect grind

(Kitco commentary) - S&P 500 bears proved they hold shorter end of the stick, just like I warned early in the European session yesterday, and my aftermarket conclusions confirmed that.

Correct positioning

(Kitco commentary) - S&P 500 hesitation was all too palpable yesterday – with a distinctly bearish bias. Yes, I‘m looking at the Nasdaq run going overboard while financials keep showing the real way.

The squeeze

(Kitco commentary) - S&P 500 shook off both unemployment claims below expectations and 50bp ECB hike, and the formerly disastrous market breadth got a thorough revamp, leading me warn twice of more intraday upside.