December 21, 2023 (Investorideas.com Newswire) Swing traders needn’t worry, but I was really cautious in our intraday channel yesterday. First slowly, then suddenly the bid evaporated – but client gains were protected. As the best explanation of what happened – whenever the boat is tilting too much one way, and this bull run had been heavily extended for a while, considering how far stocks advanced since end of Oct – I’m releasing today’s premium S&P 500 chart that gives you my proper intermarket view from a very short term perspective, together with stock market expectations once we make it through the opening days of 2024.
Forget not about tomorrow’s core PCE (let alone today’s set of data where lower GDP is bullish risk taking) and the lower volumes making for greater volatility – such a hit rarely comes unaccompanied… This is how I summed it up in our intraday channel.
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my Youtube channel, and of course Telegram that always 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 both Twitter and Telegram – benefit and find out why I’m the most blocked market analyst and trader on Twitter.
Let’s move right into the charts (all courtesy of www.stockcharts.com) – today’s full scale article contains 3 of them, featuring S&P 500, precious metals and oil.
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S&P 500 and Nasdaq Outlook
My 4,735 (let alone 4,715) support level hasn’t been reached, and the heavy selling affected all sectors quite equally, with the exception of XLC that had been my sectoral pick to outperform S&P 500 (among the non interest rate sensitive plays) for quite a while.
Thank you for having read today’s free analysis, which is a small part of my site’s daily premium Monica’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 presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates.
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Turn notifications on, and have my Twitter 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
Stock Trading Signals
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www.monicakingsley.co
mk@monicakingsley.co
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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