How sound is this SPX recovery

Kitco Media
By Monica Kingsley
Published:
Updated:
Kitco Commentaries
Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

How sound is this SPX recovery teaser image

S&P 500 retraced some of Wednesday‘s decline, dipped after the open only to push higher into the close – again, and again clients profited both short and long (Ellin‘s TSLA call move ended up smashing – let‘s see how the stock trades today, whether it can sustain the momentum to the finishing line Friday).

I already presented today‘s intraday game plan – but now, let‘s ask whether anything is changing in the markets, and let‘s start  with looking at yields, then you can check the dollar and how various risk metrics are stacking up.

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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.

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Thank you,

Kitco Media

Monica Kingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020. Trade calls and writing are her cup of tea as much as a unique combination of macro, intermarket and technicals applied with in-depth experience. Having been at the markets when Great Recession arrived, she experienced many bull and bear markets - be it in stocks, bonds, precious metals or oil.
Check her out at https://www.monicakingsley.co

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.