Monica Kingsley
Monicakingsley
S&P 500 didn‘t get far yesterday, but my leading index brought clients a dozen pts of intraday gains before it got hit too. Friday‘s momentum talked with clients before the open the same day ruled still early Monday – for now, market breadth isn‘t flashing signs of broadening. The trade talks with China aren‘t getting dramatically towards resolution, so it‘s more about describing what is happening and when vs. concrete achievements that are still very much in the making (I expect no fast breakthrough). TSLA is (very much) vulnerable to downswing here, PLTR, AAPL even NVDA are a little tired pushing higher at the moment, so the goal for the bulls is to get through the CPI tomorrow, ‘nuff said.
Considering USD move thus far and my indications regarding CPI, it looks to be at least in line with 0.2% if not 0.3% mom tomorrow (it‘d influence the dollar caption below).
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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