Sticky CPI and Stocks

S&P 500 was due for a little setback, but this one took 5 hrs and break of 4,492 support to play out – only the Monday top of 4,482 support did hold, just in time with the FOMC minutes game plan laid out for premium subscribers yesterday. Good enough to take that long opportunity – solidly in the black now – and today‘s CPI game plan is in place too – especially relevant since PPI yesterday did come in hot. The kneejerk decline reaction would present opportunities to thoughtfully add to one‘s longs (medium-term view) Let‘s dive into the charts and more upcoming real-time commentary on Telegram and Twitter.

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.

Sectors and Stocks

✕

Consumer is not folding, and even if excess corona savings are gone, household balance sheets, debt levels and serviceability are good. I still like discretionaries, especially with the current retreat in yields as of the NFPs Friday. AMZN remains another of my medium-term bullish picks.

Crude Oil

✕

Crude oil is turning the corner, readying to rise again. Higher low will now be put in place, and yesterday mentioned $84 is to serve as support in worst case scenario today. Outllok though is rather bullish.

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!