S&P 500 gapped higher, and extended gains. The bond upswing continues, and particularly HYG was in a celebratory mood. Both tech and value had to deal with some selling pressure earlier in the day yesterday, which points to a more balanced trading today – as in don‘t look for stellar gains, we‘re likely to consolidate. Still, the open long profits can keep rising.
Precious metals downswing attempt was resolutely bought, and both gold and silver are likely to keep turning up over the next days, as indicated by the miners that atually scored gains yesterday. Similarly, we saw a puke point in oil, and the bulls are off to the races again. At the same time, copper is turning up, in line with my earlier words that this is the commodity with lowest volatility and risk of steep downswings. Keep enjoying the commodity and precious metals moves!
There won’t be a regular analysis featuring charts or Twitter activities throughout this week either, 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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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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