SPY Seeing Some Trouble

(MENAFN- Investor Ideas) S&P 500 presented fine intraday opportunity as per the game plan given to clients , and analogical one applies for PPI today too. I didn't favor chasing the initial spike higher, and subsequent price action offered better entry points .

Bonds were getting a much needed (however temporary, but still much needed) reprieve, and that lifted up Russell 2000, XLU and XLRE - even if fleetingly as yields returned to rising during the day (explaining sluggish simultaneous showing among the three tickers given).

Ever since Friday's SPY push higher was rejected Monday, the two main indices are trapped in a narrow range with a series of heavy test of supports, breaking below these, and then reversing upwards to make lower highs. Time of indecision and uncertainty, but meanwhile the dollar has the following implications called for clients ahead of time, and then publicized for you free readers and followers as well - markets are selective, and it shows as well amongst industrials .

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

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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.

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