Positioning for PPI

S&P 500 went on recovering from the CPI hit, but not without a good share of looking back into the mid 4,980s area. Rising cryptos and its plays in equities such as MARA, COIN, MSTR etc paint a picture of no liquidity pressures, and S&P 500 market breadth is slowly improving too. AAPL also held its 200-day moving average as I wrote in the intraday channel it better does.

All in all, I‘m looking for just unemployment claims today being supportive of soft landing – Empire State with Philly Fed manufacturing and retail sales should come in on the hotter side, bringing back the no landing narrative somewhat. And that speaks for the path higher in the 10y yield (and other rates) to still continue. Yet, both EURUSD and USDJPY favor clearly risk taking in the days ahead.

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

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

✕

S&P 500 proved more resilient yesterday than at the beginning of the year or in mid Jan – Tuesday‘s lows are to hold near term.

Gold, Silver and Miners

✕

Thursday gold upswing volume is the only question mark I have, together with whether miners multiply that move on a daily basis – that would give a better idea of PPI reaction in the sector.

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!