Intraday Update for Stocks #1
This S&P 500 downswing is going a bit too slow, having continued trouble at 4,080 while bonds don’t indicate more selling to come later today. And overnight before CPI tomorrow, we may get another pump. Let’s tighten the open trade parameters considerably to be taken out with profits should a rally come (it should not but being ready for both scenarios is the essence).
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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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