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Where Is that SPX Dip?


November 8, 2023 ( Newswire) Continuing Monday's sideways pattern, S&P 500 tested 4,365 without reaching solid 4,360 support, and just broke higher. Stocks indicate no consolidation as the Q4 rally with decent soft landing undertones talked in Sat video would happen, is here. This isn't about the strong seasonality of first three weeks of Nov (Nov being the best month) - good part is the Yellen manoeuevering, whereby the Treasury diverged from the more typical 20% short-term debt to 80% long-term debt to favor the short durations more, which means the supply of long-term debt is lower, and that helps yields retreat and stocks rally. This is but one of the significant factors at play that pave the way for Q4 rally as I have argued for in the extensive Sunday article.

Meanwhile, gold has offered an interesting entry point, having become oversold on lower time frames - all called live and published. And I've also made appropriate ES and DAX moves in our intraday stocks channel - yielding first fruits already yesterday.

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 6 of them.

S&P 500 and Nasdaq Outlook

For all the decline in breadth warnings, I would look at these to be overcome, and instead be revealed as signs of consolidation.

It's about tech leading yesterday, and away from the 200-day moving average break in S&P 500 where Nasdaq showed bullish divergence. Primed to catch up in cyclicals and value in the next push. Way more details and levels have been covered for Trading Signals and Stock Signals clients.

Stocks and Sectors

AMZN made quite a bullish progress since I spoke of it positively on Oct 12 - together with MSFT among my best stock picks. In the current stage of business cycle, it's likely to keep doing well during the Q4 rally.

Crude Oil

Crude oil at $76 would put up a better fight than at $78 - accumulation is starting to emerge, and I don't look for OPEC+ production quota (cuts not expiring) changes.The current move reflects that the conflict hasn't spread to Iran yet.

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
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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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