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 moved to the downside this week on fears of a tighter fed and rising treasury rates
- Stocks rebounded a bit on Thursday, helped by Nvidia earnings
- The PCE number came out up .6%, higher than expected
- The fed will likely not pivot this year
- Stock market has moved into our projected declining phase
- Markets are moving into the riskiest period
- The next month or so has a lot of downside risk
- Index and Bond Updates
- The indexes lost 3.5% – 4.5% for the week
- 30-Year bond market is down around .5 points
- 10-Year yields are up 11 basis points
- Gold is down $32, likely to get to $1800 or below
- Silver is down around 70 cents
- The dollar is up around 1%
- Oil is down around $1.50 for the week
MEMBER VIDEO PREVIEW – FUTURESPEAK – ARVI SHOWS EUR/USD ANALYSIS
INTRODUCING THE ASKSLIM MARKET CONDITION MONITOR (MCM) – INCLUDED WITH LEVEL 4 FOR A LIMITED TIME
STOCK MARKET ANALYSIS
- S&P 500 (SPY)
- Just moved into a period of risk – Weekly chart
- The major low level is at $348 – Weekly chart
- Short term patterns suggest the market will move down a few more days before a rally attempt and then more risk
- Around $383 is the highest probability on the downside
- There is an opportunity coming for a long side position after this period of risk
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.
