Monica Kingsley
Monicakingsley
S&P 500 kept making higher lows intraday, with sellers‘ power waning as not unequivocally soft landing supportive data (GDP prices above expectations and durable goods orders above expectations stood out) were ignored by equities, which then went on to flush twice intraday – seeking to shake off weak longs first, and then the panicky reaction to Bowman talking rate hikes and more. Quick recovery into the close, with more gains for swing and intraday clients throughout the day (as for so many days before in this range as faithful Twitter followers know), was the result that interests you.
The same as regards one notable equities move – smallcaps are waking up, and kept pace with S&P 500 well yesterday, at the expense of NVDA and the like – see the below chart.
Precious metals downswing announced late last week, has been more than telling – with oil offering intraday trades as it‘s attempting to break out of its recent range. Hedging positioning for inflation surprise now.
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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