October 13, 2022 (Investorideas.com Newswire) S&P 500 bears managed to push prices down on declining volume, and the risk-on upswing in bonds was dialed back. VIX remains elevated while the put to call ratio didn't point to rising fear yesterday, and the dollar made no progress while long-dated yields retreated. These are all signs of caution, and do not invalidate my fundamental thesis of seeing stocks potentially spike up on CPI before the still tightening Fed reality sets in again - as described in the below quote from yesterday's analysis. The only fly in the ointment is that today's premarket didn't offer advance clues as to which way the wind is blowing immediately before the CPI data release:
(...) I'm expecting a sticky CPI and core CPI figure tomorrow - given the price action so far, any potentially positive initial market reaction would be sold into. True, I'm not looking for such a low CPI figure that would facilitate lasting gains - the sideways trading witnessed currently favors the bears assuming initiative tomorrow. Unless we very decisively close above my 3,635 level with outside markets confirming (unlikely to happen) - if so, I would definitely tweet about that.
The real assets premarket upswing is bucked by cryptos plunging, so the picture with respect to CPI is inconclusive here as well. I'll keep updating you throughout the day if any change is posture or positioning is warranted based on the market reaction with Fed tightening reassessment.
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!
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
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.
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