Extending Gains
S&P 500 started the Monday described shallow consolidation, and it was both tech and value that declined. The key feature of the day was the sharp TLT upswing, but HYG held up relatively well, which makes it likely that yesterday’s risk-off turn would be countered with more positive (leaning risk-on) sentiment today even if that’s not truly reflected in cryptos. At the same time, the commodities upswing continued unabated (both crude oil and copper extended gains on solid volume), and precious metals led by the miners took part as well. So far so very good – let’s keep profitably riding the respective bull markets.
There won’t be a regular analysis featuring charts or Twitter activities this week at least, but I’m keeping a close eye on the markets and will issue a sound commentary whenever required by the markets on my watch.
Thank you for your patience.
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Thank you,
Monica Kingsley
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mk@monicakingsley.co
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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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