Almost, Almost Disinflationary PPI..

S&P 500 couldn‘t break below Wednesday‘s CPI lows in spite of it being reasonable to expect hot PPI in light of prior hot 2024 PPIs. That sudden turn (CPI is lagging while PPI is leading inflation data) made it possible to capitalize on intraday opportunities only as S&P 500 delivered a swing whipsaw, yet with Nasdaq outperforming heavily (alongside communications and discretionaries), which tips the scales to go semiconductors, NVDA way (higher) in the days ahead.

S&P 500 is more cautious here, for now the heaviest of buying has been in Nasdaq, and gold with silver cut really short their correction, and stopped responding to higher nominal yields or the dollar (again). While stocks keep gyrating in 100+ pts ranges and only Nasdaq started to show signs of life, it‘s up to the real assets as discussed broadly in the Apr 02 article to deliver most reliable gains, for reasons explained therein.

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 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 primed to keep their yesterday‘s gains intact, even if USD continues spiking, and regardless of yields having taken a breather following good and well received 30y auction yesterday or IRNA statement.

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!