Bulls Waking Up
Some S&P 500 buying emerged finally, and not even NFLX earnings ushered in a significant move either way. This summary of four key ES_F levels for today, holds true – I‘m not expecting a sizable move in stocks on this options expiry Friday – that would happen next week and especially as we approach Jan FOMC with the newly even more favored 25bp over 50bp as per futures markets.
Make no mistake though, the headwinds are to intensify as the recessionary pressures grow in intensity in the months ahead. See earnings and profit margins in the context of strong job market and commodities pricing (especially oil). I stand by my call that the Fed would have to tighten into the 5.50% Fed funds rate area as per its model, as they redefine what‘s a restrictive level.
Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there (or on Telegram if you prefer), but the analyses (whether short or long format, depending on market action) over email are the bedrock.
So, make sure you‘re signed up for the free newsletter and that you have my Twitter profile open with notifications on so as not to miss a thing, and to benefit from extra intraday calls.
Let‘s move right into the charts (all courtesy of www.stockcharts.com).
Gold, Silver and Miners
Similarly to copper holding up well, so do precious metals. Quoting my yesterday‘s words – „The upper knots may look intimidating, but gold is likely to hold up relatively well.“ And so it did and does, including the call that no silver decline below $22.60 seems to be imminent.
Crude oil keeps fighting around $81 – and doing well there. Modest appreciation expected next – $88 area will be a tough nut to crack.
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.
While at my site, you can subscribe to the free Monica‘s Insider Club for 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. Thanks for all your support that makes this great ride possible!
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
* * * * *
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.
Sign Up for Monica’s Insider Club!
It’s free and you’ll get my message right when a new post goes up.