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
- The stock market had a choppy week with a bullish bias as investors focused on earnings
- There were wide swings on Wednesday as MSFT earnings seemed good but moved down on weak guidance
- The market got a lift as bond market moved up on demand for 5-year notes
- TSLA had a big beat on Thursday moving up 9%
- The PCE came out Friday at the expected number, up 4.4% year over year
- Investors have gained confidence that the worst is over but weak earnings are likely to continue
- A period of risk in the stock market is still ahead which will be a buying opportunity
- Index and Bond Updates
- Indexes are up 2% – 4% for the week
- 30-Year bond market is down around 1 point
- 10-Year yields are up around 8 basis points
- Gold is up $14, fifth straight week moving up
- Silver is down around .40
- The dollar is trying to stabilize, looking weak
- Oil is down around .38
MEMBER VIDEO PREVIEW – FUTURESPEAK – ARVI OFFERS CYCLE A ANALYSIS LESSON IN SOYBEANS
THE ‘HOT MINUTE’ – CYCLE ANALYSIS IN USD/JPY
ASKSLIM LEVEL 2 MEMBERSHIP SPECIAL – 50% OFF A MONTHLY MEMBERSHIP – ENDS SUNDAY
STOCK MARKET INTERMEDIATE ANALYSIS
- S&P 500 (SPY)
- The period of risk is late January – early April
- A bullish case on the downside would be $386 – $379
- The upside target for the year is around $430
- The projected peak to trough from February-April is 30-60 points
That’s the show for this week!
DISCLAIMERS
Askslim.com, Inc. owns and operates the website known as: www.askslim.com. All of the information on www.askslim.com is solely for entertainment, informational and educational purposes only and is not investment or trading advice. None of the information on the Website or in emails is guaranteed to be accurate, complete, useful or timely.
Please go askslim.com for the full disclaimer, terms and conditions and privacy policy.
