S&P 500 went for new ATHs on the good retail sales and tame unemployment claims I predicted (multiple clues), overcoming Monday‘s pre-ASML highs premarket. The upswing was faded, forcing temporarily lower S&P 500 and Nasdaq values, yet I called for repairing of the damage being done in our channel early in the European day already – and swing trading clients couldn‘t care less as the fishing expedition below 5,880 support, and off we go repairing the damage, as I‘ve told during the fading one of you the client 1:1 that it would take 5-7 candles on the 4hr S&P 500 chart to get it seriously obviously underway.
Also the latest premium analyses on the gold and silver path, and oil path this week had been turning out great – those retail sales providing yet another welcome dip for precious metals long additions, just check the tweet links provided as they contain annotated charts featured daily for clients.
Circling back to stocks, NFLX earnings turned out good in yet another hint at consumer strength – I had been vocal for clients lately that consumer resilience is being underappreciated (yes, for all the slowing demand on the high end, XLY isn‘t falling apart at the seams). See the dollar chart for more clues.
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren't enough) – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram - benefit and find out why I'm the most blocked market analyst and trader on Twitter.
Let‘s mve right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 3 more of them, with commentaries.
Tired of seeing those red boxes instead of way more valuable information? Try the premium services based on what and how you trade.
Thank you for having read today‘s free analysis, which is a small part of my site‘s daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. Forget not the lively intraday Telegram channels for indices, stocks, gold and oil - here is how you can join any advantageous combination of these.
Go beyond the free Monica‘s Insider Club serving instant publishing notifications and other content useful for making your own trade moves.
Turn notifications on, and have my Twitter profile (tweets only) opened in a fresh tab so as not to miss a thing – such as extra intraday opportunities. Thanks for all your support that makes this great ride possible!
Thank you,
