Monica Kingsley
Monicakingsley
Overpowering big China stimulus news, S&P 500 flushed on weak US data, only to swiftly recover – producing both swing and intraday client profits.with the upswing into the close called as well. The extra China liquidity in the region of $175bn powered real assets ahead – copper, silver and gold all benefited mightily.
Bad news at home remained though bad news, and what could have turned into a correction, ultimately did not as my 5,755 level held. Following Monday‘s price action and yesterday‘s premarket, the bears missed an opportunity, therefore I was content not to expect a 5,755 break yesterday.
Tiem to get ready for GDP and GDP prices, with core PCE Friday (MU earnings views are premium today) – let‘s get the sentiment from these two charts.
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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