(MENAFN– Investor Ideas) Not too much pre-marketing S&P500 rise yesterday, but I bought after the open, then I came across Powell – I was convinced that he would deliver 25 basis points, and the same goes for correctly predicted reactions on all three clues (Powell was pleasantly surprised, so no lowering of ES or NDX is proposed) – and clearly stood up at the reassuring conference.

I’m just wondering what the rationale is for a cut when yields signal higher future inflation and no recession ahead (this has only been the job walk And manufacturing which brought negative economic surprises, otherwise the overall picture is positive) when productivity increases slowly, but this is what I will talk more about in one of the next analyses.

For now, suffice to say that the three bullish picks described – some growth and cyclical stocks, crypto and USD – should be understood as themes. Also note that even though I had called for a rise in precious metals so many times during the year and timed this one as well, I am now in favor that a correction has actually begun.

Yields duly halted their rise yesterday, and I say Treasuries are moving sideways or at least not diving quickly, which is precisely what the doctor ordered for S&P 500 bulls. The USD has already done so a pause, well below my high resistance of 105, confirming the at least daily decline in yields well in advance.

We did a really good job with TSLA, PLTR on the rise and also avoided the LLY hit on our channel.

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Let’s get straight to the charts (courtesy of ) – today’s full article has 5 more, with comments.

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S&P 500 and Nasdaq

Don’t expect much from sellers – consolidation will happen more over time than in price, there simply isn’t a good enough fundamental reason to force large gaps closed, so consider that like an island reversal. Short-term indicators (stocks trading above various moving averages over different time periods) are also not excessively overbought – there is still some room to move higher, and we will see some superficial corrections in a generally weak environment. volatility, this is the outlook for today and Monday. The dips are a gift.

Gold, silver and miners

In hindsight, today will be seen as a short selling opportunity in gold, silver and mining. Consider the rebound’s underperformance relative to the dollar’s performance: It’s time to listen more to the dollar’s message after the election.

Crude oil

Neither oil nor copper has recovered much when combining yesterday’s and today’s pre-market balance – bigger gains and much easier upside are seen in crypto, au- beyond Bitcoin, MSTR, then COIN, RIOT, then MARA.

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All essays, research and information represent Monica Kingsley’s analyzes and opinions based on the most current and available data. Despite careful research and best efforts, this information 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 data or information reported. Its content is for educational purposes and should not be considered advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments that are not suitable for all investors. 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 for any decisions you make. Investing, trading and speculating in financial markets can involve a high risk of loss. Monica Kingsley may hold a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of such securities without notice.

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