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Inside Day SPY Recovery

 

November 10, 2023 (Investorideas.com Newswire) S&P 500 was readying a break of 4,415, and then the hapless Treasury auction results came, sending stocks and bonds sharply lower. 4,365 was breached, but the NFPs breakout level of 4,330 didn't come into jeopardy. The biggest China bank, ICBC, ransomware incident - and the resulting counterparty risk (looking over your shoulder) striking at roughly the same time, didn't help either. It's all the more positive for stock market buyers that the break into 4,350s stopped there - and that DAX continued doing well while yields instead of continuing the plunge, started retreating.

Therefore the biggest (medium-term) risk remains BoJ untimely exit from yield curve control because of the weakening yen.

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 www.stockcharts.com) - today's full scale article contains 5 of them.

Stocks and Sectors


NFLX keeps delivering a pleasant, earnings fuelled surprise - the company would turn out to be one of the Q4 rally winners, just compare its pricing power to TSLA (and consider the unionizing support as another factor in its yesterday's decline).

Crude Oil


Crude oil $76 has better prospects holding than $1,946 gold - getting over $80 next week though would be a very much uphill battle.

Copper


Copper would have to repel the sellers today and Monday - similarly to precious metals, the very short-term picture is unsettled, and not yet bullish.

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
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.

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