Banks Lifting SPY Bulls

S&P 500 was in the end overpowered by hot CPI I predicted, and broad cyclicals selloff resulted in not only 4,382 break, but 4,365 also. The spark had been the floor falling out from below of yields, taking 10y back above 4.70%. Today‘s key event are bank earnings $JPM, $WFC and $C, with $BLK as well – and I‘ve already made both the ES move I expect to play out for daily publication clients and intraday clients alike (and so did Ellin in our intraday channel).

As well the gold intraday reversal call made on my Telegram channel for Trading Signals subscribers, worked out well immediately, and today‘s oil upswing replay delivered exactly the same benefit to clients this morning.

As usual, I‘m bringing a bullish stock pick for the long run – one I had been talking positively already last year, and it didn‘t disappoint this volatile 2023 in the least – sign in to your accounts on my site for more details including real time SPY commentary with reasoning if you‘re relying on my mailings only. In other words, there is much more than these brief analytical intro mailings served daily.

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 intraday 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 4 of them.

I would like to give you a preview of the kind of live commentary going on in our intraday channel during European and US hours, which brings further value to my daily analytics. Here I (I‘m the fox callsign, Ellin is the eagle) talk bank earnings and market positioning for an eventual upswing, which is what I acted upon in issuing the #1 intraday update for you. Intraday profits locked in.

✕

Sectors and Stocks

✕

Another bullish candidate to consider, certainly more alluring than JNJ. Very healthy uptrend, good enough company financials. The upswing is to keep grinding on, and Sep top is not the resistance to stop the advance.

Gold, Silver and Miners

✕

Gold and silver are to see more upside today as well – as stated lately, the bullish turn is firmly in place, and yields gyrations coupled with upcoming Mideast escalation don‘t put brakes on the $1,840 and $21 rock bottom prices. Hot inflation in the pipeline (PPI) and also in the lagging indicator one (CPI) is again lifting up silver more relatively speaking – but you had been familiar for weeks with my call for sticky inflation, for inflation to return this autumn.

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!