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 for the future. Enjoy!

If you would like to watch this week’s Market Week show from the start, you can do 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 was very hawkish on Tuesday, moving the markets down
    • FOMC Minutes outlined balance sheet draw downs
    • Buyers came into the retail, health and financial stocks on Friday
    • The fed has to stop trying to save us and kill inflation
    • The stock market will suffer as the fed fights inflation
    • Rallies are time to lower risk exposure
  • Index and Bond Updates

    • The S&P 500 is down less than 1% for the week
    • The Nasdaq and RUT are down 3%-4%
    • 30-Year bond market is down 6 points
    • 10-Year yields are trading around $272
    • Gold is up about $20
    • Silver is mostly unchanged
    • The dollar moved up .3%
    • Oil is down about $3.20

MEMBER VIDEO PREVIEW – STOCK SECTORS: CITIGROUP

ANALYSIS OF THE ENERGY SECTOR – CVX, XOM & XLE – CYCLE LOW TIMING TRACKER

ANALYSIS OF 100 STOCKS IN 3 MINUTES – ASKSLIM MARKET MONITOR DEMO

TLT 20-YEAR BOND ETF MULTIPLE TIME FRAME ANALYSIS – ASKSLIM CHARTSTREAMS DEMO

ASKSLIM CYCLE ANALYSIS WORKSHOP SPECIAL – ONE WEEK LEFT

STOCK MARKET ANALYSIS

  • S&P 500 (SPY)
    • SlimRibbon signals suggest positive momentum signals, however, SPY broke minor low this week suggesting peak likely in for this cycle – Daily chart
    • Supports are at $444.50 – $433 – Daily chart
    • A push above the minor cycle high at 457.83 would be positive breakout
    • A move below $423 would be a reevaluation level
    • Projected minor downward chop and correction for the next 1-3 weeks before a rebound

That’s the show for this week! 


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