Hello, askSlim Community!    

The Market Week “minutes” are taken from our Free weekly Market Week shows, where 47-Year Professional Stock, Futures, and Options Trader, Cycle Analyst Pioneer, and founder of askSlim.com, Steve “Slim” Miller, reviews what transpired in the financial markets during the week and provides a technical outlook in time, price and direction. Enjoy!

If you would like to watch this week’s Market Week show from the start, you can do so below. Otherwise, you can click on underlined titles below to open video topic starting points where Slim begins his analysis:

NOTE: Click on underlined titles to open video topic starting points where Slim begins his analysis

SHOW INTRODUCTION

WEEK IN REVIEW

  • Market Recap and General Outlook
    • The stock market regained it’s footing after a weak start to the year
    • The CPI came out hotter than estimated
    • Bank earnings were not good on Friday
    • The PPI was weaker than expected
    • Markets are acting like there will be rate cuts in March
    • Intermediate to long term our analysis hasn’t changed
    • We are in a period where momentum and technicals are positive but there is a lot of resistance
    • We will likely see a tighter range for awhile before a bigger correction
  • Index and Bond Updates
    • The DOW and RUT had small gains for the week
    • S&P 500 is up around 2%
    • NDX is up around 3%
    • 30-Year bond market is up around 1 point
    • 10-Year yields moved down 10 basis points
    • Gold is up around $30
    • Oil moved up by getting into resistance

TRADE PLANNING WITH THE ASKSLIM TEAM – ANALYSIS IN XLI, OIH, AMZN, FDX

MATT REVIEWS ASKSLIM SERVICES

ASKSLIM LIVE Q&A

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • The SlimRibbon is still positive
    • Looking for $4890 – $4845 on the upside – Daily chart
    • A move below $4682.11 would be a breakdown – Daily chart
    • The next period of risk is late March.- early May – Weekly chart
  • Market Volatility Index (VIX)

    • There is probably a couple weeks before a jump up – Daily chart
    • Projecting a bigger move up in mid March
    • There is likely an important trough coming – Monthly chart

That’s the show for this week! 


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