Monica Kingsley
Monicakingsley
S&P 500 wasn‘t driven just by NVDA – while limited to tech and communications, the set of advancing key stocks was much broader. Very fine 2y auction paved the way for that – 4.70% yield vs. 4.92% prior, that‘s quite a vote of confidence even if the 500-strong index still lacks breadth.
My SPY correction target announced in the weekend premium analysis, provided enough of a support for swing and intraday clients to reap gains – here, I‘ve opened the analytical part in full.
With housing data and unemployment claims culminating Friday in core PCE, we have plenty to look forward for – and forget not MU earnings after the close.
Way more detailed analysis is as always in the premium sections, for now let me show you the bond market perspective (odds of not cutting in Sep went marginally up to 36%, and Russell 2000 is still under pressure, no surprise here, I haven‘t been talking it bullishly for weeks) and check also the situation in NVDA bearing upon so much of Nasdaq. Both NVDA and MU are up premarket.
Let‘s mve right into the charts – today‘s full scale article contains 3 more of them, with commentaries.
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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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