S&P 500 saw quite some telling buying into the latter half of the session, bucking bond market weakness and as well the dollar. Today, it‘s not so much about housing data or FOMC minutes, but about NVDA earnings after the close. That‘ll be the catalyst moving the market (risk taking sentiment) one way or the other, and in the below stock market analysis (premium) I answer which way I think it‘s going to turn out.

Chart

Let‘s move right into the charts – today‘s full scale article contains 3 more of them, with commentaries.

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Crude Oil

Chart

Oil isn‘t out of the woods, the caption says it all, and as per a bunch of latest calls, it‘s still not a buy. Even copper is coming under pressure today – the risk-off and just plain caution and squaring the books before NVDA, is apparent.

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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