Still Buying Almost Every Dip
June 20, 2024 (Investorideas.com Newswire) Consolidating sharp Monday's gains, S&P 500 did OK through the soft landing supportive retail sales, and bonds reliably showed further way. And that was higher - strong 20y Treasury auction tone continued through CBO raising deficit estimates to less than $2T. Similarly to precious metals, stocks had all the reasons to go down to consolidate, but they did not - and the holiday effect worked perfectly as per my predictions.
Today, we got SNB cutting, and the BoE expected to do nothing, which it did. The theme is one of upcoming positive economic surprises bucking the underwhelming trend lately, together with mroe disinflationary data allowing not just the Fed to cut in Sep (the odds of doing nothing are only 34% now). That's probably what crude oil alongside not declining copper are trying to say here - whatever increase in core inflation we would get, is to get balanced by the shelter component.
This meaningful chart is clear about where we're heading.
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 mve right into the charts (all courtesy of www.stockcharts.com) - today's full scale article contains 3 more of them, with commentaries.
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
Precious metals are rewarding composed decision making, with $2,285 and $28.80 spot prices holding, and both metals turning up. $30.50 XAGUSD is already being challenged, following which I'm looking at beating $31.75 as the real test of silver bulls not losing the rocket fuel. Not that a measured grind higher above this resistance would be an issue, especially if accompanied by strengthening commodities and base metals (should copper clear $4.55, the picture would get even more positive - tentative optimism on the red metal is in place).
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