S&P 500 again respected my supports, and even the premium given first one of 6,135 put up some fight premarket. Those that had to be respected – 6,115 and 6,125 – held with ease, and the late session S&P 500 ascent had been no surprise to clients. Even on Grok 3 release hitting META, or PLTR parabola getting broken through a new financing announcement (dilution), the two key indices can and do hold up well as the main theme is one of rotations. I‘m talking WMT and BABA today below, too!
What though had I mentioned in yesterday‘s video as the true driver of equities coming back to the fore? It‘s rates, and FOMC minutes didn‘t rock the boat of an otherwise sectorally risk-off day – the two bond auctions sent a clear message as to what to expect next, and I‘m diving into the effects in today‘s packed video.
After delivering for clients in calling for precious metals recovery off Friday‘s selloff, yesterday‘s decline in the metals didn‘t leave them surprised either – and the oil ascent calls had worked out great too, we see that in energy stocks being among the better performing sectors, bucking materials.
Forget not about the dollar and yen either – the key question that I‘m answering below, is whether we‘re seeing fear or greed ruling in the markets right now.
Finally, a little preview of yesterday‘s precious metals analysis (together with today‘s chart) so that you have an idea of what an average accurate call looks like.
(…) Intraday volatility is rising, volume is high, and depending on today‘s auctions (will high yields get magnified by gold retreat? that‘s the variable to watch today), we may get a shallow sideways to even up day today, or up til $40 daily range – all scenarios are on the table for today, but I lean towards a slightly down day vs. yesterday‘s close – same for silver, and copper weakness is indicative of the China surprise that I described in the opening part of today‘s analysis.
Keep enjoying the lively Twitter feed with my tab open at all times (notifications on aren't enough) – combine with subscribing to extras on my daily Youtube channel (turn notifications on) 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 Twitter, Telegram and Youtube - benefit and find out why I'm for years the most blocked market analyst and trader on Twitter.
Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 5 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, with my 1:1 support – great community where clients come always first.
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,
