Monica Kingsley
Monicakingsley
S&P 500 prepared a trap for late bears, however the bull trap is close to springing close, with not too much more than XLF standing in the way. Saturday‘s packed video featured the key bond market turn Friday, and what would you say regarding the same chart following Monday‘s close? Is it good enough combined with risk-off nature of S&P 500 rally?
That‘s what I‘m answering in Tuesday‘s timely video, together with diving into gold, silver and oil prospects. Reaction to JOLTS and ISM manufacturing data counts today – be ready for an element of „uff, it‘s behind us finally“ if not diverging much from expectations (slight undershoot in data is my pick, in line with soft patch in the economy developing)..
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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