When XLF Rotation

(MENAFN- Investor Ideas) S&P 500 followed through on Wednesday's reversal, and the right shoulder of Sunday discussed inverted H&S is complete. Hotter than expected PPI wasn't sold into much (low print I saw as a greater danger to rising equities), and selling attempts in its aftermath turned out weak, making for intraday opportunities with Ellin having a great day .

Swing trading perspective though has question marks over both financials performance, and how far can nasdaq resurgence carry S&P 500 after I called for a day of rotations (yes, market breadth broadened out satisfactorily yesterday) that brought a very decent follow through (outside key financials and select income / interest rate sensitive plays).

Caution is warranted, just remember yesterday's sharp drop in the latter half of the session (that I capitalized on in our channel) out of nowhere (no catalyst), followed by fast recovery. That signifies uncertainty ahead (I say why exactly in the premium section), and I would argue that most of upcoming Fed moves have been priced in.

See these charts and think how to explain the TLT daily non-confirmation, and then remember my yesterday's premium words mentioning XLF and XLY - what buyers want to see.

(...) Bulls want to see financials not at all lagging over the next two days, and actually seeing rotation as buyers return even if to other names than to JPM succession plans hit aftermath or the ALLY warning). Must be said that consumer discretionaries kicking in yesterday, is a bullish sign as well - but without financials coming back to lead, it's easy to witness a retracement on the S&P 500 in the coming days).

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 ).

Tired of seeing those red boxes instead of way more valuable information? Try the premium services based on what and how you trade.

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!

Thank you,

Monica Kingsley
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals

...

All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

MENAFN13092024000142011025ID1108671988