Soft Landing Charm
March 1, 2024 (Investorideas.com Newswire) S&P 500, Nasdaq and gold as the most infation sensitive assets benefited from the expected core PCE coming in at least in line with expectations. For all the selective and uneven reactions to recent series of good earnings, macroeconomic conditions continue favoring further stock market gains. The dual punch of positive global liquidity and strengthening of soft landing odds, works like magic.
Nasdaq is slowly starting to outperfom S&P 500 again, which is what the bulls want to see - and it'll be accompanied by relative Russell 2000 weakness (saw biotech yesterday - careful about keeping prior gains intact) as rotations further kick in. True, they could be stronger, but this isn't yet the time to consider ringing the bell at the top - more is to come still.
Time of caution and selectivity as we head into today's manufacturing PMI that I expect not to disappoint - careful about no landing narrative getting a boost in case of a strong beat.
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 www.stockcharts.com) - 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
Gold indeed reacted sensitively, and is ready to rise some more, with silver of course taking a back seat as inflation itself will be lagging for a while longer. Don't expect though miners' outperformance just yet.
Crude Oil
Crude oil is to catch up today and probably Monday as well - and oil stocks are to still keep underperforming black gold. The recent dips were bought, and this time I don't consider the upper knots as signs of price rejection.
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.
More Info:
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/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp