Climbing a Wall of Worry
Aa
Share
S&P 500 decisively closed the bearish gap I told you about Sunday, in spite of a very lackluster European session. The US open though offered merely one good correction – too swift to take advantage of in swing trading, but fine enough to add to our +33 ES pts intraday gains delivered for you (our = me and Ellin – finest public statement coming, and my Join page already features new descriptions of mine and our services).
The gold and oil expectations turned out reasonably well too – the late day gold upswing is being duly dialed back today, with oil being the one where I look for more resiliency than in gold or the much more challenged copper.
More real assets commentary including deep stock market one is presented in the chart section, and today I‘m opening individual stocks analytical part so as to invite more feedback. Thank you for the interest and warm reception of yesterday‘s tech and NFLX segment.
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 5 of them.
Sectors and Stocks
Both ISINs of Alphabet are well positioned here, and I like META still too. Lower volume isn‘t an issue – relative resilience within the Magnificent 7 is promising. Support and direction expectations are given in the chart description.
Palantir is leaving the long sideways consolidation, and the upside is greater here than downside – both in terms of nearest days and nearest weeks. Precision targets with reasoning I gave in the caption – the volume is especially convincing.
Gold, Silver and Miners
Gold and silver are to see some selling pressure today on no greater and faster war escalation – for now, still benefiting from the retreat in yields I talked as well Sunday would happen. What‘s new though, is dovish Fed remarks, which move the daily gold target some $5 higher, to the $1,865 - $1,870 range.
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!
