S&P 500 continued with Friday‘s move, offering no more than a couple of good hours to reap sizable long gains - applying a trailing stop-loss is the way to go in such circumstances when you see Nasdaq slowly giving up the leadership position and defensives (staples, utilities) going up.
In line with my yesterday‘s extensive macroeconomic article, the bet is on a disinflationary CPI today, and that‘s also showing in gold and copper moves, the Bitcoin miners (as a side note, did you benefit from my latest ARM mentions at the onset of Friday?) and other interest rate sensitive plays beyond Russell 2000.
Today‘s analysis will be relatively brief, but you know the big picture already from yesterday‘s long piece – later today, I‘ll focus on making the most of upcoming volatility on Telegram and Twitter.
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Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains the S&P 500 and Nasdaq chart.
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