HOME » STOCK TRADING SIGNALS » GDP Surprise Called

GDP Surprise Called

S&P 500 sprang to life on the first dovish Fed speaker‘s remark it could, yet the full array of speakers dialed the message back ultimately – and correctly so, for the bond market is getting ahead in rate cut expectations, with corporate bonds flying, financial conditions easing, and risk-on turn continuing. It can be seen pretty well in the run up to GDP today – and core PCE tomorrow.

But one at a time. GDP is likely to be accompanied by the following (macro commentary taken from our intraday stock market channel, and the Trading Signals Telegram channel together with both Trading and Stock Signals clients, had my thoughts already as well):

macro

Please note how this ties in with the 102.30 USD Index support. Given the figure indeed coming above expectations, the buyers will get on strategic defensive later today.

Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 4 of them, featuring S&P 500, market breadth, precious metals and oil.

S&P 500 and Nasdaq Outlook

S&P 500 and Nasdaq

4,565 served as support, which is a premarket fly in the ointment for those who look for a brief correction before stocks continue higher. Expect the GDP figure to decide the sentiment of the day – corrective or grind higher continuing.

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.
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.

2 thoughts on “GDP Surprise Called”

  1. You stated 4 Charts, but ONLY 1 shows. Why are we missing 3 charts? Or, did you make a mis-statement?
    Not bitching … Just curious!!! Thanks for your great work and posting what you do. However, some of it seems hard to understand regarding supposed market directions, and therefore to make decisions thereon.

    1. Thanks for the comment Steven – as said, the full article has 4 charts, and that means the full article for (Trading Signals) clients has , and the one for stock market only, has 2 of them. Please see the Join page that has full services introduction. With clients, I'm totally clear about the position, levels etc. – within free article, it's not achievable, and I hope you have read by Oct 0 (08) statement made in the Site News section within Resources.
      I'd be happy to welcome you – have a nice evening.

Comments are closed.

Scroll to Top