Monica Kingsley
Monicakingsley
Equities rallied after the opening bell, not looking back till the closing one appreached – quite in line with the premium shared expectations for rug pull not being far off, probably repeatedly.
(…) The signs of a bottom being in, are certainly fewer than those of having further to go. One or two days worth of respite? At best.
What does though selling into solid intraday strength say?
The bottoming process has further to go, in time at the least, and I suspect some more in terms of price as well. This is a quite quicksandish environment for swing traders – these best be prepared for credible signs of bottom being formed so as to buy into it (matter of a few days up till two weeks from today) – and my preference for interest rate sensitive pockets of strength leading since Jul CPI, is still valid) – while intraday traders can reap great gains such as yesterday.
Let‘s assess the VIX and bond market charts to see where the markets stand in terms of risk taking readiness (as USD also stalled at 103.25). Neither the SMCI earnings and DELL bring good AI news.
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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