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

Broadening SPY Rally


January 23, 2024 ( Newswire) S&P 500 consolidating Friday's steep gains, is readying for upswing continuation still before core PCE. Market breadth is improving, and yesterday's upswing didn't rely on tech and semis superstars from AAPL to TSM, SMCI or NVDA with AVGO to name a few - Russell 2000 nicely caught up yesterday, and also outflows out of the defensives (XLU and XLP) are sending a clear message that this break is slated for consolidation and new push targeting 4,920 at least.

Monday "disappointed" in that it didn't offer much more than a very shallow correction to 4,874, and that can be taken as testament of a strong upswing that hasn't yet triggered extreme greed. Notably, it continues higher even if yields with USD aren't exactly conducive, but as I wrote lately, it's enough if these are more or less stable, which is where we're getting first (and towards rejection of 10y around 4.15%. Anyway, the intraday calls made in the channel as regards NDX and ES, are panning out well...

Apart from the upgrade driven AAPL turnaround and what I see ahead for NFLX, these are the other sectoral picks I mentioned in our channel:

Last but not least, clients taking part in the Telegram gold & oil channel cashed in on the oil long above $75...

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 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 3 of them, featuring S&P 500, precious metals and oil.

Tired of seeing those red boxes instead of way more valuable information? Try the premium services based on what and how you trade.

Gold, Silver and Miners

Basing in gold continues, it's sideways for now, and in need of rates turning clearly south, which is where we're slowly getting. As per caption, silver is the short-term preferred quick trade. Notably, metals are underperforming thanks to the wild extremes of easing expectations - some 40% of Mar 25bp cut now from some 75% a month ago, isn't optimal for precious metals, It's almost the other extreme at the moment.

Crude Oil

Crude oil easy profit target was reached, and absent further Mideast escalation, in the $73 - 74 region it's fairly priced. The game remains the same - buying the dips through $72.

Copper resilience to China data continues, and all the more fresh support package is approaching, the more positive it is for the red metal, where dips are also to be bought, around $3.75 area preferably.

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