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
- Investors panicked this week as the fed was hawkish before a bank rout
- Powell said higher rates will be here for longer and may come faster
- Thursday started out on the upside but fell after a deluge of selling in bank stocks and crypto
- The four largest banks lost $47 billion in market value
- Downside continued on Friday as Silicon Valley Bank collapsed
- We are deep into a period of risk in the stock market
- The best prices to buy may be 1-2 months away
- Index and Bond Updates
- Indexes are down 3% – 6% for the week
- 30-Year bond market is up 4 points
- 10-Year yields lost 23 basis points
- Gold is likely to bottom soon
- Silver lost .80
- The dollar is mostly unchanged on the week
- Oil is down $3.50
MEMBER VIDEO PREVIEW – FUTURESPEAK – ARVI SHOWS 10-YR NOTES ANALYSIS
HOT MINUTE – 10-YEAR NOTES & 10-YEAR YIELDS UPDATE
INTRODUCING THE ASKSLIM MARKET CONDITION MONITOR (MCM) – INCLUDED WITH LEVEL 4 UNTIL MARCH 12
STOCK MARKET ANALYSIS
- S&P 500 (SPY)
- In a period of risk – Weekly chart
- Likely to hit $383 or lower – Weekly chart
- Likely to keep moving down significantly
- Russell 2000 (RUT)
- The cycle bottom is due in May – Weekly chart
- There is potential to get to the $1640 area – Weekly chart
- SPDR EURO STOXX (FEZ)
- Setting up a significant pullback – Weekly chart
- Projected to around $39 in late April-June – Weekly chart
That’s the show for this week!
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