Monica Kingsley
Monicakingsley
S&P 500 continued its ascent driven by Nasdaq, fine NVDA earnings – only to reverse from 5360, well before the hot PMIs. Fears that inflation with deferred cuts if not tightening, are what has disquited the market. At the same time, NVDA wasn‘t knocked off, bonds didn‘t crater badly, and Sep rate cut odds remained more or less the same – are pronouncements similar to Dimon and Druckenmiller actually a sign of willing accumulation by the big guys while retail reacts emotionally the way it always does?
Following Memorial Day (happy holidays if you celebrate), Not underestimating the not dovish Fed odds in response to data, I‘ll release extensive analysis just published in our channel that discusses various ratios, seasonality and intermarket perspectives incl. Bitcoin (which I am releasing to swing trading clients as well of course).
S&P 500 and Nasdaq
The key part is „not yet time to turn bearish“ - what does that „not yet“ actually depend on? I would look at sectoral performance beyond tech, semis and financials, I would look at price action respecting the levels given in the opening premium part of today‘s analysis, and on 4hr time frame as well (if not hourly).
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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