Tuesday, 02 January 2024 12:17 GMT

Strange SPX Finish


(MENAFN- Investor Ideas) (Investorideas Newswire) S&P 500 continued higher into the opening bell, and then got over temporary setbacks too – market breadth is one thing, QQQ, XLF and HYG another, and stocks were losing their traction into the closing bell. And after a soothing ZION earnings call? No traction then either, and ES low 6,780s proved to be an obstacle to reckon with.

So, can the non-stop run since early Friday continue? Such a cautious close (selling into the close by institutions), doesn't bode well for today. NFLX earnings to the rescue?

Keep enjoying thelively Twitter feed with my tab open at all times (notifications on aren't enough) - combine with subscribing to extras on mydaily Youtube channel (turn notifications on) and of courseTelegram thatalways 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 Twitter, Telegram and Youtube - benefit and find out whyI'm for years the most blocked market analyst and trader on Twitter.

Let's move right into the charts (all courtesy of ) - today's full scale article contains 4 more of them, with commentaries.

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Instead of down both gold and silver going down, gold diverged for a day, but I see it (gold, and silver too) to respond to USD stabiilizing and peeking higher, with a downswing – that decent correction has arrived...

Thank you for having read today's free analysis, which is a small part of my site's daily premiumMonica'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
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Turn notifications on, and have myTwitter 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
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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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