Monica Kingsley
Monicakingsley
S&P 500 reversed Sunday‘s bearish gap, but market breadth readings are inconclusive, not invalidating the technical picture presented in length in the weekend video. Today‘s video highlights the Mideast developments as seen through various indices, USD and oil – what these mean for stocks and risk taking in general. Would you trust relief rallies? Sure, it took a while for stocks to decline following the 20y Treasury auction, but it happened, it did as relates to Trump statements casting more light on the whole escalation. Suffice to say my prediction of what‘s ahead, is unfolding… and stocks are complacent if you look at the sectoral perspectives of yesterday?
Where is the USD rally in such a crisis? E.g. on 9/11, the reaction was way different – so are markets treating it as a WW3 danger equivalent? Why isn‘t oil spiking more then? Then what will the Fed do tomorrow, how will it justify no cut?
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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