Again More Gains For Clients

(MENAFN- Investor Ideas) Premarket S&P 500 pump was readily sold into - who wants to face elections risk? The session though delivered great intraday gains of +24 ES pts and +72 NDX pts , and +39 ES pts for swing traders on my site (I timed selling into Friday's spike for the clients). Also the individual chart requests per popular demand that I handled on my Youtube channel, turned out great for already the first stock I started with - PLTR going into earnings. Check out PYPL, TSLA and LLY that were also requested - and forget not telling me next what you would be interested in while intraday clients' gains are already growing today again ;)

There is little reason or additional insight provided by yesterday's moves - the disbalances described in extensive fully free Sunday analysis , didn't deepen or ameliorate themselves.

(...) Apart from elections uncertainty (notice how precious metals are sold off alongside bonds? A bit weird, but I called for gold and silver turning down before Friday). We'll get FOMC (after a panicked Sep 50bp cut that I predicted, now we have by and large positive economic surprises apart from the job market and manufacturing - the latter has low share of US economy that's primarily a services one, the former can be used as a fig leaf to not stun the markets and deliver the 25bp that has the added benefit of not saying "oops, we panicked in Sep after falling asleep in Jul") and SMCI earnings (yeah, no EY around this time).

Cutting when economic policies aren't yet set in stone, and e.g. in bonds, the perceived impact of both candidates wildly divergences (Trump is viewed as bearish Treasuries, Harris is taken as bullish Treasuries), which would of course decide as well the USD at crossroads moment of the now.

The positioning is a little similar to the one before Sep FOMC - rates are rising while a rate cut is being expected. The current odds of 1% that there is no cut, is wildly underappreciated, inaccurate - that's what the bond market is telling us, regardless of the steepening and term premium rising. At the same time, I don't think the Fed would like to risk disappointing the market demands.

In line with past week's theme of rubber band snapping back, we're seeing that unfolding in the yields reprieve as per the below chart while options metrics don't offer prevalining positioning either way - making me think there is a very decent possibility of the result broadly anticipated by the betting markets, attracting sell the news reaction first.

Enjoy the premium peek under the hood continuing, for free - this is how much you could have been benefiting through following closely, or tweaking to fit your trading style whether with or without individual 1:1 support.

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 mve right into the charts (all courtesy of ) - today's full scale article contains 5 more of them, with commentaries.

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 had the upper resistance od 5,773, and today's one is at 5,755 - given the contradictory signs (XLU decline though can be attributed to nuclear energy for data centers new development around AMZN, and that bucked XLRE upswing as rate cut odds for this week further rose, and I don't think Powell would dare to disappoint) and XLC, XLY and XLK mildly negative with XLE the greatest winner (energy itself cannot sustain bull markets indefinitely), I favor the sellers, especially should 5,755 break down with conviction during the regular session - pretty trendless thus far.

Much live coverage as always on Telegram and Twitter.

Gold, Silver and Miners

Gently bullish bias in first gold, then silver, followed by a pronounced move - that's how today is shaping up. Downside protection of recent gains - if you hadn't protected them late last week before the slide as I urged you to do - is going to be the winning recipe as well, because in gold too there has been elections positioning evident.

As for copper, I called for its slow basing turning into upswing, to go on - and here we are, it has accelerated yesterday, and continues today.

Crude Oil

Crude oil won't truly retreat today, the balance of all news (OPEC+ included) favors slow grind higher.

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.

MENAFN05112024000142011025ID1108854008