Call 800 665 0411 to learn about our services for your stock

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

Daily Reprieve Only


August 21, 2023 ( Newswire) 10y yield still at 4.25% was enough for tech to decently lead the S&P 500 upswing, which however didn't have bullish sectoral composition. The Friday given 4,390 resistance was certainly respected, and even if it is overcome Monday, it would be premature to say the lows are in. Just as much gold had been declining going into the BRICS summit, yields are surging and stocks selling off as Friday's Jackson Hole approaches.

As befits chiefly gold with silver and to a lesser degree crude oil and copper, these would bottom faster, probably also faster than junk corporate bonds (these are another hint as to why Friday's S&P 500 bullish turn wasn't too convincing). Bonds are simply paying attention to the still tight Fed (saw Wednesday's minutes?), and don't act convinced we have seen the last hike of 2023.

Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren't enough) - combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra intraday calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
So, make sure you're signed up for the free newsletter and make use of both Twitter and Telegram - benefit and find out why I'm the most blocked market analyst and trader on Twitter.

Let's move right into the charts (all courtesy of - today's full scale article contains 4 of them.

S&P 500 and Nasdaq Outlook

Breaking 4,348 support won't probably happen, but Monday isn't about to be a wildly bullish day either. 4,390 did its job Friday, but is likely to be overcome in lighter trading. I'm though not counting on sectoral composition turning decisively bullish - defensives wouldn't do poorly, and Nasdaq is to provide direction for the whole ES.

Gold, Silver and Miners

Following the $15 break of $1,930, gold is stabilizing, and facing much better prospects next week than had been the case this week. Silver well above $22.20 and copper holding first $3.68 and then $3.72, concur and would prove a bit stronger than the yellow metal next week.

Crude Oil

Crude oil put in a sharp local bottom, but given the China growth and overall uncertainty (see how HSI is doing), can be expected to consolidate the low $80s for a while longer before rising again.

Thank you for having read today's free analysis, which is a small part of my site's daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates.

While at my site, you can subscribe to the free Monica's Insider Club for instant publishing notifications and other content useful for making your own trade moves.

Turn notifications on, and have my Twitter profile (tweets only) opened in a fresh tab so as not to miss a thing - such as extra intraday opportunities. Thanks for 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

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: Newswire

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

Disclaimer/Disclosure: 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: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More