AndreyPopov / Depositphotos
Some S&P 500 buying eventually surfaced, and even Netflix Inc (NASDAQ:NFLX) gains didn’t start a significant move. This round-up of the four key ES_F levels for today is – I don’t expect any significant stock movement on this options expiry on Friday – that would happen next week and especially as we approach Jan FOMC at the more recently popular 25bps above 50bps according to futures markets.
Make no mistake, however, the headwinds will intensify as recessionary pressures intensify in the coming months. Consider earnings and profit margins in the context of strong labor and commodity prices (particularly oil). I stand by my claim that their model would require the Fed tightening into the 5.50% fed funds rate area as they redefine what a hawkish level is.
Get the full Henry Singleton series in PDF
Get the entire 4 part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email it to your colleagues
Q4 2022 hedge fund letters, conferences and more
Gates Capital Management reduces risk after a rare year of decline [Exclusive]
Gates Capital Management’s ECF Value Funds have a fantastic track record. The funds (full name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced an annualized return of 12.6% over the last 26 years. The funds returned a combined 7.7% in the second half of 2022, beating the Read More’s 3.4% return
Continue to enjoy the vibrant Twitter feed, all of which is already available to you, on top of getting the most important daily analysis straight to your inbox. Much is addressed there (or via Telegram if you prefer), but the analytics (whether short or long format, depending on what’s happening in the market) via email is the foundation.
So make sure you’re signed up for the free newsletter and that you’ve opened my Twitter profile with notifications to not miss anything and benefit from additional calls throughout the day.
Let’s jump straight into the charts (all courtesy of www.stockcharts.com).
Gold, Silver and Miners
Similar to copper, precious metals hold up well. To quote my words yesterday – “The upper nodes may look intimidating, but gold is likely to hold up relatively well.” And it did and does, including the claim that silver doesn’t appear to be falling below $22.60.
crude oil
Crude Oil continues to struggle around $81 – and is doing well there. Modest appreciation is expected next – the $88 area will be a tough nut to crack.
Thank you for reading today’s free analysis, which is a small part of it my site’s daily bounty Monica’s Trading Signals, covering all the markets you’re used to (stocks, bonds, gold, silver, mines, oil, copper, cryptos) and from the daily premium Monica’s Stock Signals, which only represent stocks and bonds. Both releases include real-time trade calls and intraday updates.
While on my website you can subscribe for free Monica’s Insider Club for instant release notifications and other content useful for your own trading moves.
Turn on notifications and my Twitter profile (tweets only) opens in a new tab so you don’t miss a thing – such as additional intraday opportunities. Thank you for all your support making this great ride possible!
Thank you,
Monica Kingsley
Stock Trading Signals
Trading signals for gold
oil trading signals
Copper Trading Signals
Bitcoin Trading Signals
www.monicakingsley.co
[email protected]
All essays, research and information constitute Monica Kingsley’s analysis and opinions based on available and current data. Despite careful research and best efforts, it may prove to be incorrect and is subject to change with or without notice.
Monica Kingsley does not guarantee the accuracy or completeness of any reported data or information. Their content is for educational purposes and should not be construed as advice or recommendations of any kind.
Futures, stocks and options are financial instruments that are not suitable for every investor. Please note 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 your choices.
Investing, trading and speculating on the financial markets can involve a high risk of loss. Monica Kingsley may have a short or long position in any security, including those referred to in her writings, and may make additional purchases and/or sales of such securities without notice.
Comments are closed.