Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

Groundhog Day

 

October 6, 2022 (Investorideas.com Newswire) S&P 500 jubilation continued yet another day, but not after repelling some serious downside first. The bears didn't meet my key objective of breaking below 3,720s - but bonds weren't shining either. Animal spirits were powered by the intraday retreat of the dollar giving up a third of its gains. So, stocks closed in the proximity of where they had been rejected on Tuesday - the low 3,800s - leaving the bears high and dry. And in danger as I'm looking for still reasonably good non-farm payrolls tomorrow, which would:

(...) thus feed into the "Fed has no reason to stop tightening - there's enough leevay still" narrative, so stocks should understandably decline on such a good news sinking in. Clearly the pivot / pause bets are very premature. At the same time, I'm looking for relative resiliency in real assets - look how little oil has budged (driven by OPEC+ of course). Gold and cryptos are to dial back their upswing to a much lesser degree than silver, or copper.

What I would like to see (if the bears still have the upper hand, if the Q4 rally hasn't started already), is dialing back of the current risk-on sentiment in anticipation of the above paragraph's outcome. If that doesn't happen to a telling degree in stocks and outside markets during today's session, then my hypothesis of an S&P 500 decline below the open short position's entry points, is toast. Given the above NFPs dynamics, I'm willing to let the market prove me right or wrong tomorrow. The other open trades make up for that on the long side amply.

Thus far, stocks are in no-man's land between 3,720s and 3,770s, and these same supports and resistances (low 3,800s till 3,820) apply. Today is shaping up to be a relatively calm day in bonds, with commodities barely appreciating - unlike gold and silver, where I'm looking for daily gains to be slightly more significant than in the CRB Index. This would also increase probability of the market reaction I anticipate tomorrow, which is bonds down, stocks down, dollar up.

Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there, but the analyses (whether short or long format, depending on market action) over email are the bedrock, so make sure you're signed up for the free newsletter and that you have Twitter notifications turned on so as not to miss any tweets or replies intraday.

Thank you for having read today's free analysis, which is a small part of the premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, oil, copper, cryptos), and of the premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my homesite, you can subscribe to the free Monica's Insider Club for instant publishing notifications and other content useful for making your own trade moves on top of my extra Twitter feed tips. Thanks for subscribing & all your support that makes this great ride possible!

Thank you,

Monica Kingsley
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
www.monicakingsley.co
mk@monicakingsley.co

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.

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits