Both PMIs surprise
|S&P 500 kept modestly grinding higher during these low volume days, and bullish sectoral composition Wednesday – leading tech with communications (great moves in both sectors) followed by financials with industrials, pave the way for today‘s services and manufacturing PMI – clients of both daily publications and our intraday channel, have been and are ready, and that means incl. the fine position sizing moves I present in both Trading and Stock Signals.
As well as late Wed in our intraday channel, today has brought some fine moves in both ES and DAX. Ready for more (see the rich chart section) – I hope you had a great Thanksgiving!
Let‘s move right into the charts – today‘s full scale article contains 5 of them, featuring S&P 500, DELL, yields, precious metals and oil.
Stocks and sectors
DELL has arguably taken leadership from NVDA, in a way AMD is playing catch up following NVDA earnings. MSFT aksi keeps looking well, and benefit from the Altmann saga. Tech as a sector is to keep doing well, the more yields start again retreating – leader together with communications.
Gold, Silver and Miners
Precious metals are still a clear buy here, and in the premium channel for Trading Signals clients, I reiterated that call just when the upswing started to develop – anyway, the picture was clear following Wednesday, see the caption.
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