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

WEEK IN REVIEW

  • Market Recap and General Outlook
    • Stocks moved up on Monday as the Bank of England Chief said there’s signs of inflation easing
    • The CPI came out exactly as forecast causing choppy action
    • Stocks stayed strong on Thursday as yields moved down
    • Bank and airline stocks pulled back on Friday
    • Tesla cut prices of cars sharply, the stock is probably headed under $100 this year
    • Metals are moving up strongly
    • The stock market has followed our analysis closely the last few months
    • There are still risks in the coming months
    • Base metals – DBB Cycle & Chart Analysis
    • The Fed is clear that they don’t want markets to undo their work
    • Projecting a February – April risky period
  • Index and Bond Updates
    • Indexes are up 1.5% – 4% for the week
    • 30-Year bond market are up 1.5 points
    • 10-Year yields fell 12 basis points
    • Gold is up $44
    • Silver is up .23
    • The dollar is down 1.6%, likely in a bottoming phase
    • Oil gained over $5.50

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FUTURESPEAK PREVIEW – ARVI OFFERS A LESSON IN CYCLE ANALYSIS

DOLLAR-EURO ANALYSIS – KATIE SHOWS ANALYSIS AND OPTION TRADE IDEAS

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STOCK MARKET 1-3 MONTH ANALYSIS

  • S&P 500 (SPY)
    • Momentum is negative – Weekly chart
    • Short term analysis shows the market is likely to continue to the upside
    • Upside projections extend to the 3rd-4th week of January
    • Projecting to around $403 – $406 before period of risk
    • Downside projection is as low as $320, investors should have another chance to buy

That’s the show for this week! 


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