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 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
    • Fed chair Powell said they won’t hesitate to keep raising interest rates until inflation comes down
    • Mortgage applications plunged as interest rates moved over 5%
    • Target earnings were a disaster, plunging the stock 25%
    • The Dow fell 1200 points on Wednesday
    • AAPL was down again on Thursday as analysts cut their targets
    • The S&P 500 went from up 40 to down 40 on Friday
    • 1994-2003 Bull/Bear cycle – Fed Trap and Reset – Chart Analysis
    • There will be up days and rebounds but don’t get hooked into thinking it’s a bull market resumption
  • Index and Bond Updates

    • Indexes are down 2.5% – 4% for the week
    • 30-Year bond market gained about 2 points
    • 10-Year yields are down about 12 basis points
    • Gold jumped around $31
    • The dollar is down 1.3%, likely temporarily peaked
    • Oil is mostly unchanged for the week

MEMBER VIDEO PREVIEW: STOCK SECTORS – SHORT TERM SWING TRADE PLANNING – FDX

MEET THE ASKSLIM TEAM – KATE ANAGNOSTOS INTERVIEW

DOW JONES TRANSPORTATION AVERAGE – QUICK PIC – WEEKLY CYCLE ANALYSIS LESSON

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • The minor resistances will likely prevent an upside breakout – Weekly chart
    • A bounce to $4025 – $4075 before moving down sharply is projected – Weekly chart
    • August – October nested bottom is projected
    • The bear market may extend to February 2023

That’s the show for this week! 


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