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
    • The stock market finally had an up week after seven consecutive down weeks
    • There was a brief decline when the Fed minutes were released but quickly moved again to the upside
    • Inflation is still hot and there is talk about raising rates another .5%
    • Retail rebounded on Thursday on a strong report from Dollar Tree
    • The PCE came out up 4.9%
    • The fed will continue to raise rates significantly
    • Not likely to get back up to the previous price levels this year
  • Index and Bond Updates

    • The major indexes are up 5%-6% for the week
    • 30-Year bond market had a small gain
    • 10-Year yields fell 7 basis points
    • Gold gained around $13
    • Silver gained around .38
    • The dollar lost 1.4%
    • Oil gained around $3.70

FUTURESPEAK ANALYSIS OF 26 MARKETS – ARVI’S PREVIEW: BITCOIN

MULTIPLE TIME FRAME ANALYSIS – KATIE’S ANALYSIS: EURO & CYCLE LOW TIMING TRACKER

LEVEL 1 CONTENT OVERVIEW

STOCK MARKET ANALYSIS

  • Nasdaq (NDX)
    • Projected up to $12740 – $12900 with a possibility to get to $13558 – Weekly chart
    • September – October is projected nested bottom
    • $10600 is the downside target in late summer/fall
  • Apple (AAPL)
    • September – October target is $130 – $138
    • The sell zone is $150 – $156
  • Microsoft (MSFT)
    • Projected to $240 in September – October
    • $273 – $289 is the sell zone
  • Google (GOOGL)
    • Downside projection is at $1520
    • The sell zone is $2360 – $2460
    • Momentum is negative – Weekly chart
  • Amazon (AMZN)
    • The downside target range is just under $2000 – $1650
    • Could stop around $2350 – $2550 on the upside
  • Tesla (TSLA)
    • A major top has likely formed – Weekly chart
    • Projected to $820 – $880 before moving down sharply
    • Downside target is under $500

That’s the show for this week! 


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