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 fed said they aren’t in a hurry to cut rates this week
    • NVDA earnings came out much better than expected, igniting a rally in the market
    • NVDA doesn’t look that expensive, but the indexes are
    • There was continued buying on Friday before the market got tired mid-day
    • Our upside targets have been reached, looking for a sizable correction into Spring before higher levels later in the year
  • Index and Bond Updates
    • NDX is up around 2.75 points for the week
    • The S&P 500 is up around 2%
    • Dow is up around 1%
    • RUT is down around 1%
    • 30-Year bond market is most unchanged on the week
    • Gold is up around $11, likely to be choppy for awhile
    • The dollar lost .3%, likely to move down into May
    • Oil lost around $1 for the week

TRADE IDEAS – ARVI SHARES ANALYSIS IN XLP

TRADE PLANNING WITH OPTIONS – KATIE SHOWS CYCLE ANALYSIS IN DKNG

‘BEHIND THE CYCLE ANALYSIS CURTAIN’ – 3-HOUR WORKSHOP THIS MONDAY

STOCK MARKET ANALYSIS WITH THE MARKET CONDITIONS MONITOR

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • Upside momentum is still strong – Weekly chart
    • Getting into a thick and important resistance area – Weekly chart
    • Correction levels are at $4876 – $4725 – $4610, targeting $4725 into May – Weekly chart
    • Key support on the daily chart is $4920, a break would suggest an important top
    • Momentum and indicators are all still strong on weekly and daily chart

That’s the show for this week! 


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