S&P 500 had one more good day before CPI as premium predictions for clients, and my CPI expectations presented yesterday, remain intact – and are further developed in the full analysis. As initial S&P 500 selling attempt failed and Nasdaq kept above an important late Sep resistance turned support line, thaa price action coupled with intermarket views allowed for nice intraday gains capture for clients.

Yesterday‘s playful article title is thus giving a fresh meaning (resolution) to the „truly“ word. NVDA and SMCI duo didn‘t really disappoint, and I‘ve talked IGV and ORCL enough in the last few days. As mixed as the FOMC minutes were in viewing both Jul and Sep rate cutting made, the bond market view presents us visually the following clues going into CPI today (premium)..

Chart

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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