Monica Kingsley
Monicakingsley
And it just may not be over, or is it? S&P 500 was lifted by earlier GOOGL earnings, AMD underwhelmed on cash flow generation, and I was bearish given the high expectations and valuations of MSFT and META. That‘s similar to my last week‘s warnings regarding XLI, XLRE and ITB.
Correct bearish positioning brought immense gains for clients, both swing and intraday – over 300 NDX points and over 50 ES points gained. What‘s been different lately, is distinct selling into the closing bell, and selling of very decent earnings MSFT and META, which is what I warned about yesterday. Pre-elections positioning snapping back, such was the theme I chose to hammer yesterday – and you see in the below snapshot from our intraday channel as well that my commentary on individual megacaps performance highlights the shifting sentiment before the all-important next week. Today‘s data also point to no recession ahead, coming in decent.
Give yourself a gift of premium real-time and in-depth knowledge coupled with messaging me quickly over Telegram if need be – the options market remains quiet while bonds show we‘re at crossroads as yields have paused their ascent in the short run. Enjoy as well the S&P 500 chart.
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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