Intraday Update for Stocks #1
No real exhaustion – towards the end of the regular session or overnight during the Asian session – in stocks developed, and their move has the characteristics of a slow and steady advance. Coupled with the fact that neither oil nor copper wavered, it’s time to favor the S&P 500 bullish side more, making it justified to close the prior short position at market while simultaneously opening a fresh one. And a fresh move is also due in copper.
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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