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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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Latest Archive

ES to surge above 4,300

Wednesday June 7, 2023 04:05PM

(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

Friday June 2, 2023 03:04PM

(Kitco commentary) - S&P 500 bears made good progress initially as yesterdays data confirmed the hawkish Fed takeaway yet my bond targets wenent 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

Wednesday May 31, 2023 05:03PM

(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

Monday May 8, 2023 11:12AM

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

FOMO dip buying

Friday May 5, 2023 11:59AM

(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

Thursday April 6, 2023 04:58PM

(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 Tuesdays 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

Wednesday April 5, 2023 03:42PM

(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.