Hawkish Powell Again?

S&P 500 didn‘t take low core PCE cue – only at the very end of the session, it spiked almost all the way to 4,600. The consolidation within the island concept that I talked yesterday as my favorite one, remains in the play – but the bulls aren‘t off the hook this easily, for another trip even up to 4,545, is conceivable as yields are very slowly drifting up again – but don‘t expect them to get far.

I‘l keep you in the picture and positioned – today, well before the double Powell appearance, intraday clients benefited from more good calls in DAX. When in doubt as to which side of the market is very short-term strained, look at rotations. Full details for clients follow - have a nice weekend in advance, and get to know all the broadened services, it‘s start of the month, therefore ideal time to join and experience the results.

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 4 of them, featuring S&P 500, yields, precious metals and oil.

Credit Markets

✕

Yields do hint at issues ahead which wouldn‘t spare Nasdaq. All it takes now, is failure of rotations to kick in, and 5-10bp increase in 10y yield more.

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!