Intraday Update for Stocks #1
ES didn’t hold 4,283 or even low 4,270s – tech followed by communications overpowered solid XRT, XLI, XLB and XLE moves. Financials to utilities ration simply didn’t recover, and the little intraday reprieve in bonds came too late. It appears that today’s respectable volume wouldn’t be accompanied by a decent lower knot – let’s get ready for the premarket sessions as I expect tomorrow’s recover by led by communications outdoing tech.
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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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