For all the narrow range day, S&P 500 bears look to be waking up – in conjuction with USD. Highlighted by Russell 2000, to be confirmed by real assets today as much as by cryptos – 4,136 battle looms.
Don‘t forget the key inflation data from the UK seriously overshooting expectations, marking the next Fed tightening and keeping tight path. Not even MS expects rate cuts this year. NFLX earnings prediction also illustrates the weakening consumer as much as recent retail sales.
Liquidity keeps shrinking, lending standards are getting tight, MS set up increasing loan loss provisions as well – time to start slowly dusting off the bear return gear (return within the context of a larger trading range – couple of key resistances turned supports to break through first). The earliest tweet of today, is getting confirmed as we speak.
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – on top of getting the key daily analytics right into your mailbox. Combine with Telegram that never misses sending you notification whenever I tweet anything substantial (head off to Twitter to talk to me there), but the analyses over email are the bedrock.
So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram so as to benefit from sophisticated talk and extra intraday calls .
Let‘s move right into the charts (all courtesy of www.stockcharts.com).
S&P 500 and Nasdaq Outlook
The struggle at overcoming 4,188 is more than welcome – are the buyers losing slowly steam? 4,209 didn‘t even come into jeopardy, and the most optimistic case for the sellers calls for putting serious pressure on (and breaking) 4,136.
TSLA earnings could be the catalyst here – where I see the greatest risk, is on the revenue / forward guidance rather than gross profitability side. Look for rising input costs with labor to bite increasingly more – watch out! Overall, should still confirm the slowing down real economy (what else do the price cuts in the US show anyway?).
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.