S&P’s Bullish Accomplishments Don’t Change The Bearish Outlook

The S&P 500 decline refusal will prove to be temporary and the Pinched Consumer Retail Sales Data will continue serving as a recessionary reminder.

This five-part tweet series explains why the bullish results of yesterday don’t change the medium-term bearish picture. (There will be more breathing space once the opex is finished.) I also discuss the degree to which economic surprises are affecting the bullish outlook.

Home Depot Inc. (NYSE:HD), too, disappointed. The language they used confirmed that there will be more weakness in the consumer market. There’s also the matter of debt ceiling, which is worth maximizing. Remember this impressive array of negative factors.

Gates Cap Management reduces risk after rare down year

Gates Capital Management ECF Value Funds are a great investment. These funds, which are called Excess cash flow Value Funds (full name), invest in a credit and equity strategy based on events Learn More

Here’s a look at the USD market with additional commentary.

You can enjoy the Twitter stream by keeping the tab opened at all times. Telegram will deliver my intraday extra calls .

If you want to know why I am the most-blocked market analyst on Twitter , sign up for our free newsletter.

We’ll start with the charts. (All courtesy of www.stockcharts.com). Today’s article is 8 pages long.

S&P500 and Nasdaq Outlook

The day should be a risk-off one, with a close under 4,136 but without the acceleration that comes from the 4,0xx handles. The 4,115 level is still difficult to overcome and will require more commitment from the bonds, such as when Fed officials speak later today and keep their focus on an unending inflation battle and everything that comes with it.

The modest increase in the S&P will not be sufficient to propel it to 4,149 or beyond. The opposite would also be true, as the line of new highs and new lows on the progress-decline graph would indicate a false dawn in this range.

You are welcome to read the free report today. It is just a part of the daily premium Trading Signals, covering the entire market you know (stocks and bonds, as well as gold, silver and other commodities, such as oil and copper), or the daily premium Stock Signals, which focuses on stocks and bonds. The two publications include real-time updates and trades.

Subscribe to my website’s free Monica’s Insider Club and receive instant notifications of new publications, as well as other useful content for your trading.

Open my Twitter profile in a new tab and turn on notifications. This way, you won’t miss anything – like intraday extra opportunities. Thank you for your continued support.

Please accept my sincere thanks

Monica Kingsley

Stock Trading Signals

Gold Trading Signals

Oil Trading Signals

Copper Trading Signals

Bitcoin Trading Signals


[email protected]

Monica Kingsley’s essays, information and research are all based on the latest and most accurate data. It may be wrong despite careful research, and it is subject to changes without or with notice.

Monica Kingsley cannot guarantee that the information or data reported is accurate or complete. It is not intended to be construed or used as advice.

Financial instruments such as futures, options and stocks are not for everyone. You should be aware that investing is at your own risks. Monica Kingsley does not hold a Registered Securities Advisor’s license. You agree to not hold her responsible for your decisions by reading any of her articles.

Trading, investing and speculating on financial markets can be fraught with high risks. Monica Kingsley can have either a long or short position in securities mentioned in her articles. She may also make further purchases and/or sell securities at any time.

This entry was posted in articles. Bookmark the permalink.