Monica Kingsley
Monicakingsley
S&P 500 went for new ATHs on the good retail sales and tame unemployment claims I predicted (multiple clues), overcoming Monday‘s pre-ASML highs premarket. The upswing was faded, forcing temporarily lower S&P 500 and Nasdaq values, yet I called for repairing of the damage being done in our channel early in the European day already – and swing trading clients couldn‘t care less as the fishing expedition below 5,880 support, and off we go repairing the damage, as I‘ve told during the fading one of you the client 1:1 that it would take 5-7 candles on the 4hr S&P 500 chart to get it seriously obviously underway.
Also the latest premium analyses on the gold and silver path, and oil path this week had been turning out great – those retail sales providing yet another welcome dip for precious metals long additions, just check the tweet links provided as they contain annotated charts featured daily for clients.
Circling back to stocks, NFLX earnings turned out good in yet another hint at consumer strength – I had been vocal for clients lately that consumer resilience is being underappreciated (yes, for all the slowing demand on the high end, XLY isn‘t falling apart at the seams). See the dollar chart for more clues.
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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