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 showed weakness early in the week before a strong move in the last hour of trading Wednesday
    • The fed was more hawkish this week, suggesting only 1 rate cut as a possibility this year
    • Pattern structures and momentum conditions are still positive
    • A correction is still looming, but no sign of it yet
  • Index and Bond Updates
    • The NDX is down slightly for the week
    • RUT gained almost 2% for the week
    • 30-Year bond market is up slightly
    • 10-Year yields are down 2 basis points
    • Gold gained over $60, $2300 is likely soon
    • The dollar moved sideways this week, likely to head to the downside
    • Oil gained around $1.50 for the week

TRADE PLANNING WITH OPTIONS – KATIE REVIEWS THE ANALYSIS IN XBI

TRADE IDEAS – ARVI SHARES HIS ANALYSIS IN FCX – SEE HOW ASKSLIM ANALYSIS IS APPLIED TO A TRADE SETUP

THE NEW ASKSLIM DAYTRADER SERVICE 2.0 WALTHROUGH AND SPECIAL OFFER

STOCK MARKET ANALYSIS WITH THE MARKET CONDITIONS MONITOR

STOCK MARKET ANALYSIS

  • S&P 500 (SPY)
    • The period of risk for decline is late March – May – Weekly chart
    • Momentum conditions are still positive on all time frames
    • End of May – August should be another rising phase – Weekly chart
    • The targets on the downside are at $499 – $486 – $480 in the next 4-6 weeks
    • Needs to break below $508.12 to turn negative – Daily chart
    • Resistance is at $524 – $537 – Daily chart

That’s the show for this week! 


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