S&P 500 delivered on my muted CPI prediction (more muted than mainstream expected), and risk-on turn across the board was accompanied by duly sliding yields and USD – no surprise to any client. Both swing and intraday ones did great, and today‘s similarly subdued PPI figures (with retail sales almost flat) serve as correction invitation. Yet this premium intraday assessment posted, captures well the positive turns in stocks (chiefly in broadening breadth ushering in interesting rotations) – aka what matters.

Chart

As always, way more charts, such as this contribution summarizing how well also the intraday ES and DAX calls had been doing, and some of my ways of working with risk via trailing stop-losses to lock in gains, follow in the chart section of today‘s article.

Chart

Chart

Let‘s move right into the charts – today‘s full scale article contains 5 of them.

Gold, Silver and Miners

Chart

Precious metals have turned around, but gold would face headwinds – and may easily retrace a couple of dollars from yesterday‘s highs. Bulls need to wait with uncorking champagne for greater volume returning – we aren‘t quite there yet, but the lows are in, and slow grind higher is in as well.

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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