Monica Kingsley
Monicakingsley
S&P 500 had a troubled day of retracement rejection – little wonder after poor JOLTs figure and Beige Book recognizing real economy (job market) challenges. NVDA though surprised with its statement that it‘s not being subpoenated (no dreaded antitrust for the chips leader), but that didn‘t help SMCI much, and AMD can‘t carry the Nasdaq weight alone, far from it. So, it was up to AAPL to provide a glimmer of hope, with TSLA having a good day as well.
The day though started on a bullish note, with XLK, XLC and XLY alike trading well, alongside almost customary XLF performance of late. On a daily basis, Nasdaq fared well compared to S&P 500, which is usually a bullish sign – yet how has the picture changed following yesterday? Let‘s check my hourly Nasdaq CFD chart posted in our channel in the beginning of the session, and accompany it by the bond market snapshot and this European morning‘s contribution.
Really good set of data today is required as the marked zone had been respected yesterday, and clients knew well, well ahead of time.
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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