Don't fear the SPY reversal

Monica Kingsley Monicakingsley

S&P 500 played hard games with retail, dumping below even 6,115 – but that was no obstacle as swing clients‘ gains were locked in for a roughly +50 ES pts gain – I was clear in yesterday‘s video uploaded as usual some 2hrs before the opening bell. Scary flush came, but I shared with you the follow up short video about S&P 500 prospects, will all clients, swing and intraday, capitalizing.

Looking at market breadth, various ratios and Japan inflation data way above expectations – what am I looking for today? That‘s the subject of today‘s packed video focusing on USD, yields, stock market accuracy and latest gold, silver and oil calls – forget not the great China moves beyond BABA or various international markets coming into fore, beyond CEE and Europe peace dividend – thanks for liking the videos and subscribing to the channel, lots of great stuff ahead – tell me your chart requests over email – for today, my focus is on NVDA pre-earnings, PLTR bottom formation and VIX volatility crush, with COIN lawstuit being dropped as a great crypto catalyst.

Just a little preview of a single commented chart for Trading Signals / Stock Signals clients from today's publication.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD weakens to near 1.1900 as traders eye US data

The EUR/USD pair loses ground to around 1.1905, snapping the two-day winning streak during the early European trading hours on Tuesday. Markets might turn cautious ahead of the release of key US economic data, including US employment and inflation reports that were pushed back slightly due to the recently ended four-day government shutdown.

GBP/USD edges lower below 1.3700 on UK political risks, BoE rate cut bets

The GBP/USD pair trades on a weaker note around 1.3685 during the European session on Tuesday. The Pound Sterling edges lower against the US Dollar amid political risk in the United Kingdom and rising expectations of near-term Bank of England rate cuts.

Gold drifts lower as positive risk tone tempers safe-haven demand; downside seems limited

Gold drifts lower during the Asian session on Tuesday and snaps a two-day winning streak, though it lacks strong follow-through selling and shows some resilience below the $5,000 psychological mark amid mixed cues. The outcome of Japan's snap election on Sunday removes political uncertainty, which, along with signs of easing tensions in the Middle East, remains supportive of the upbeat market mood.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.

Follow the money, what USD/JPY in Tokyo is really telling you

Over the past two Tokyo sessions, this has not been a rate story. Not even close. Interest rate differentials have been spectators, not drivers. What has moved USD/JPY in local hours has been flow and flow alone.

Bitcoin Cash trades lower, risks dead-cat bounce amid bearish signals

Bitcoin Cash (BCH) trades in the red below $522 at the time of writing on Tuesday, after multiple rejections at key resistance. BCH’s derivatives and on-chain indicators point to growing bearish sentiment and raise the risk of a dead-cat bounce toward lower support levels.