Monica Kingsley
Monicakingsley
S&P 500 acted tired following Tuesday run, and respected my 5,135 level not to be reached. The exhaustion offered quite a few intraday opportunities to capitalize on, first short and then long. For all the positive corporate bond market posture, stocks are hesitating, but should act relieved especially following today‘s unemployment claims. I‘m not too sure about pending home sales, but I think 0.3% expected vs. 1.6% prior, is an underappreciation and the actual figure would support XLRE, hence ES.
Here is how I summed it up in our intraday channel this European morning.
Let‘s move right into the charts – today‘s full scale article contains 3 more of them, with commentaries.
Crude Oil
Oil with copper are looking best today just as they did yesterday, but gold with silver are showing resilience to yields moving up premarket, and that precious metals move can last through today at least.
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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