Accumulate Exactly These Assets
November 8, 2024 (Investorideas.com Newswire) Not too much of a premarket S&P 500 ascent yesterday, but buying after the open, then a little stumble into Powell - I was convinced he would deliver 25bp, and the same applies to correctly forecasted reactions across the three indices (Powell pleasantly surprised, so no dip in ES or NDX offered) - and clearly rose on the reassuring conference.
I just wonder what's the rationale for a cut when yields signal rising future inflation and no recession ahead (it's been only the job market and manufacturing that were delivering negative economic surprises, otherwise the overall balance is positive) when productivity is slowly rising, but that's what I'll discuss more in one of the upcoming analyses.
For now suffice to say that the three bullish picks described - select growth and cyclicals, crypto and USD - are best to be understood as themes. Note also that while I had been calling so often in the year for precious metals upswing and timing these too, now I'm in favor of a correction actually having started,
Yields duly paused their rise yesterday, and I say that Treasuries going sideways or at least not plunging fast, is precisely what the doctor ordered for S&P 500 bulls. USD has already paused, well below my high 105.xx resistance, confirming the at least daily retreat in yields dead ahead.
We did great in TSLA, PLTR to the upside, and avoiding LLY hit as well in our channel.
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 5 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.
S&P 500 and Nasdaq
Don't expect much from the sellers - the consolidation will happen rather in time than in price, there is just no good enough fundamental reason to force closing of any important gaps, so take it as an island reversal. Short-term indicators (stocks trading above various moving averages on different time frames) aren't wildly overbought either - there is still a bit more room to go to the upside, and we're to see shallow corrections in the environment of generally low volatility, that's the outlook for today and Monday. Dips are a gift.
Gold, Silver and Miners
In hindsight, today will be considered as a shorting opportunity, in gold, silver and miners. See the underperformance in rebounding compared to the move the dollar made - it's time to listen more to the USD message following elections.
Crude Oil
Neither oil nor copper have recovered much when the balance of yesterday and today premarket is combined - greater gains and way easier ride to the upside is to be seen in crypto, beyond Bitcoin, MSTR , then COIN, RIOT, and then MARA.
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. Forget not the lively intraday Telegram channels for indices, stocks, gold and oil - here is how you can join any advantageous combination of these.
Go beyond the free Monica's Insider Club serving 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