S&P 500 erased premarket the NVDA high expectations issue – through broadening out. It even ran to my premium given 5,665 level, only to tumble from there. Stellar intraday gains in ES and IWM were though secured for clients. We have a bit conflicting signs ahead (rising yields, rising dollar – my long-term opinions are well known to clients), financials doing well, broadening out in the smaller caps of S&P 500, and challenged AI plays (AAPL is separating nicely from these) together with TSLA weakness called a few days ago (check its reversal yesterday).
Then there is the core PCE ahead today – predictions and market aftermath reserved for clients. Stay tuned for live coverage on Telegram and Twitter as always.
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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