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Accumulate Exactly These Assets

Accumulate Exactly These Assets

(MENAFN– Investor Insights) Not so much pre-marketing S&P 500 rose yesterday but bought after the open, then got a bit caught up in Powell – I was convinced he would generate 25 basis points and the same goes for correctly predicted reactions between the three indices (Powell was pleasantly surprised, so no downgrade was offered on ES or NDX) – and was clearly bullish on the reassuring conference.

I wonder what the logic of the cut is when yields indicate that future inflation will rise and there will be no future recession (it was just business) Sunday And producing These produced negative economic surprises (otherwise the general equilibrium is positive) when productivity slowly increased, but I will discuss this more in a future analysis.

Suffice it to say for now that the three bullish forecasts announced (selected growth and cyclicals, crypto and USD) are best understood as themes. Also note that, although I have called for the rise of precious metals and their timing very often during the year, I am now in favor of a correction having actually begun.

Yields duly halted their rise yesterday, and I say Treasuries going sideways, or at least not falling precipitously, is exactly what the doctor ordered for S&P 500 bulls. The USD has already stalled well below my 105-high resistance, confirming at least a daily pullback in yields.

We did well on TSLA and PLTR and avoided the LLY coup on our channel as well.

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Let’s get right to the charts (fully ) – today’s full-scale article includes 5 more of them, with comments.

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S&P 500 and Nasdaq

Don’t expect too much from sellers; Consolidation will happen over time rather than price, there isn’t a fundamental enough reason to force significant gaps to close, so consider this an island reversal. Short-term indicators (stocks trading above various moving averages over different time frames) are not overbought either; There is still some room to go to the upside and we will generally see shallow corrections in the lower-level environment. Volatility, that’s the outlook for today and Monday. Bottoms are a gift.

Gold, Silver and Miners

In retrospect, today will be considered as a short position opportunity in gold, silver and miners. See the underperformance of the recovery compared to the dollar’s move – it’s time to listen more to the USD’s message after the election.

Crude oil

Combining pre-market balances yesterday and today, neither oil nor copper has made much of a recovery; Beyond Bitcoin, MSTR, then COIN, RIOT, then MARA, bigger gains in crypto and a much easier run to the upside appear to be on the cards.

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All articles, research and information represent Monica Kingsley’s analysis and opinions based on current and most recent data. Despite careful research and best efforts, it may prove inaccurate and is subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or completeness of the data or information reported. Its content is for educational purposes only and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments that are not suitable for every investor. Please remember that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading his articles, you agree that he 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 articles, and may make additional purchases and/or sales in such securities without notice.

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