How Close SPY Top?

(MENAFN- Investor Ideas) S&P 500 did retrace some of Thursday's decline, providing opportunity to cash in swing gains on the long side, and as well to benefit mightily in intraday terms via S&P 500 and Russell 2000 intraday shorts.

The sectoral view is however most insightful, and if you hadn't reviewed Friday's premarket video talking this key shift (great for explaining the sectoral change and yields path repercussions), please do so as that's quite important and connected to what I discussed at length in today's gold, silver and dollar longer-term outlook video .

For all the gloom Thursday's data caused, would you think the real economy is heading into a recession. For these reasons I don't think so - if I had to limit myself to a couple only. Those rising yields though would one beautiful day put a check to the improving economy, not to say force a distinct stock market correction before that - clients will know first, and you do also know what I roughly think about S&P 500 performance during Jan-Feb period in light of not only the Fed being less prone to cut.

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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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