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
- Stocks are strong as the AI lift continues
- Investors celebrate on good news in the Iran war while ignoring bad news
- Oil falls hard on potential 14-point deal, may see under $70
- Semiconductors explode upward
- Jobs report stronger than expected with no market affect
- Indexes are up 3%-4% for the week
INVESTOR HUB – SPOTLIGHT ON JNJ
STOCK SECTORS – ARVI ILLUSTRATES CYCLE ANALYSIS IN NUCLEAR STOCKS
STOCK MARKET HALO EFFECT – NON-TECH STOCKS BEING DRAGGED UP BY AI
ASKSLIM CYCLE ANALYSIS WORKSHOP SPECIAL OFFER – UP TO $500 DISCOUNT!
STOCK MARKET – THE AI CAPEX BUBBLE
STOCK MARKET ANALYSIS WITH THE ASKSLIM MARKET CONDITION MONITOR PRO
STOCK MARKET ANALYSIS
- S&P 500 (SPX)
- Possible broadening top forming – Weekly chart
- Expecting a pullback in the May-June period with a top forming soon – Weekly chart
- Downside target is around $7000 into June before another rally – Weekly chart
- The SlimRibbon is very strongly positive, but daily chart is giving top warnings
- Would take a break below $7046 to give an indication that a weekly top is in place – Daily chart
- Support zone is at $7260 – $7180 – Daily chart
- The 2-hr chart still suggests to be on the long-side only
That’s the show for this week!
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