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

SHOW INTRODUCTION

WEEK IN REVIEW

  • Market Recap and General Outlook
    • The stock market rebounded after big losses last week
    • TSLA rallied after revealing a recovery plan, has a shot at $186 before heading back down
    • We may have seen the high for the year in META
    • Companies that supply AI are the big winners
    • The odds are high of the rebound in the indexes failing
    • Still projecting new highs later in the year
  • Index and Bond Updates
    • S&P 500, NDX & RUT are all up 2.5% – 3.5% for the week
    • The Dow is up slightly
    • 30-Year bond market are down slightly
    • 10-Year yields are up 4 basis points
    • Gold is down $52, in a corrective phase
    • Silver is down. $1.06, likely to get a sharp upside move
    • The dollar is down slightly, projected to around $104 in June
    • Oil is up around $1.60 for the week, likely topped for the year

TRADE PLANNING WITH THE ASKSLIM TEAM – ANALYSIS IN HL, SMH, MDY, XLP

FINAL WEEKEND FOR THE CYCLE ANALYSIS WORKSHOP SPECIAL OFFER

ASKSLIM LIVE MEMBER Q&A

STOCK MARKET ANALYSIS WITH THE MARKET CONDITIONS MONITOR

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • Downside levels are at $4951 – $4837 – $4684 – Weekly chart
    • Momentum is moving down – Weekly chart
    • Momentum turned negative – Daily chart
    • The upside projection is $5146 – $5110 – Daily chart
    • The VIX cycles suggest that SPX rally has 1-2 weeks to go
    • Projecting a hard sell off after current rally

That’s the show for this week! 


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