HOME » STOCK TRADING SIGNALS » SPY Breadth and Hawkish Fed Talk

SPY Breadth and Hawkish Fed Talk

S&P 500 defended 4,515 and 4,507 alike, and ignored hawkish Barkin talk. Surging through 4,535, and ultimately reaching my intraday channel target of 4,565 meant more gains for intraday and swing trading clients alike – just when market breadth improved noticeably again.

This leads to the valid question of how far away is the top – is the Q4 rally slowly getting over, and if not then what would be the shape of the upcoming correction?

Today‘s full analysis answers these questions while illustrating the short-term with NVDA chart, predicting earnings market reaction.

Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra intraday calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram – benefit and find out why I’m the most blocked market analyst and trader on Twitter.

Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 6 of them, featuring S&P 500, NVDA, credit markets, precious metals and oil.

Premium content (covered in full within Monica’s Trading Signals) reserved for Monica’s Stock Signals subscribers. Log in to your premium account to read it.
Full scale premium content reserved for Monica’s Trading Signals subscribers. Log in to your premium account to read it.

Stocks and Sectors

NVDA

Market isn‘t expecting a downside NVDA surprise, and is actually priced for a muted reaction that would be neither as bullish as May earnings, nor as bearish as Aug ones – in between rather as the grind higher won‘t be disrupted much really.

Credit Markets

HYG, LQD and TLT

Credit markets also continue favoring bonds going up some more – I‘ve been telling you about a turn in rates (TLT) later this year. The daily HYG weaker close though hints at a brief consolidation in stocks.

Gold, Silver and Miners

gold, silver and miners

Precious metals continue being bullish – yesterday‘s daily candle bodes well for such upswing continuation that would take out $2,000 with ease.The decline in silver isn‘t likewise to be feared – see base metals and how well copper is doing too. More to come – I‘m not warning about a daily downswing.

Full scale premium content reserved for Monica’s Trading Signals subscribers. Log in to your premium account to read it.
Full scale premium content reserved for Monica’s Trading Signals subscribers. Log in to your premium account to read it.
Premium content (covered in full within Monica’s Trading Signals) reserved for Monica’s Stock Signals subscribers. Log in to your premium account to read it.
Full scale premium content reserved for Monica’s Trading Signals subscribers. Log in to your premium account to read it.

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!

Thank you,

Monica Kingsley
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals

Copper Trading Signals
Bitcoin Trading Signals

www.monicakingsley.co
mk@monicakingsley.co

* * * * *

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.

Scroll to Top