S&P 500 gave us just the dip into Tuesday‘s opening bell, retail buying spree with a temporary retracement, and steady buying into the close. Such is the view following Friday‘s trend change that took both S&P 500 and Nasdaq over key resistances, and respective breadth characteristics tell the remainder of the story as much as bond market and volatility metrics.
Till year end I was clear, it‘s about risk-reward favorable long entry, with ES leading over NDX lagging (such was the essence of Monday‘s profitable call, and as Nasdaq had comparatively more limited upside potential than SPX yesterday, I wasn‘t touting tech either). In this respect, seeing NVDA up 3%, with AVGO, GOOGL, AMZN (and ORCL will not be too far behind) turning, is most encouraging – TSLA won‘t be that far behind, because robotics.
Gold and silver are likewise both bringing gains to clients as called, which I cautioned oil shorts to remain awake.
Merry Christmas once again – Friday, I‘ll publish intraday updates and into premium Telegram channels, with a regular article coming on the weekend as always.
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,
