Monica Kingsley
Monicakingsley
S&P 500 retraced lower thanks to retail selling after the open, yet guess who and what bought before the closing bell? Look at financials, semiconductors (defying NVDA) and discretionaries with communications. - ignore SMCI, TSLA and PLTR with NCLH as I talk at length in today‘s packed video preparing you for FOMC and its aftermath.
As I talked in yesterday‘s video, the market has gone quite far since immediately bucking Friday‘s underwhelming data, and cooling off yesterday is actually healthy, very healthy in not breaking below the client given ES 5,645 support‘s farthest edge.The outlook is very slowly brightening, and be ready for rising volatility heading into FOMC (expecting that to err on the slightly dovish side, but review today‘s video to get that information put into full context beyond stocks and USD).
Compare the S&P 500 sectoral performance on Friday close (above), and following Tuesday (below) – while client profits are growing (both swing and intraday, of them all), I‘m discussing the implications and what to do about them further on with clients. Just review the oil call of $68.50 to the upside and no more precision, and forget not bullish copper calls lately too (with silverr in tow… that‘s Trading Signals).
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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GBP/USD trades slightly on the defensive in the low-1.3300s
GBP/USD remains under a mild selling pressure just above 1.3300 on Friday, despite firmer-than-expected UK Retail Sales. The pair is weighed down by a renewed buying interest in the Greenback, bolstered by fresh headlines suggesting a softening in the rhetoric surrounding the US-China trade conflict.
Gold remains offered below $3,300
Gold reversed Thursday’s rebound and slipped toward the $3,260 area per troy ounce at the end of the week in response to further improvement in the market sentiment, which was in turn underpinned by hopes of positive developments around the US-China trade crisis.
Ethereum: Accumulation addresses grab 1.11 million ETH as bullish momentum rises
Ethereum saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.
Week ahead: US GDP, inflation and jobs in focus amid tariff mess – BoJ meets
Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls.
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