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 was stuck in a narrow range early in the week
    • China indicated that they would take some pressure off their tech stocks
    • Target cut guidance, was down 8% pre-market on Tuesday
    • The S&P 500 ended down 98 points on Thursday
    • The CPI came up much higher than expected, 1% up for the month, up 8.6% year over year
    • The yield curve is inverting
    • High Yield vs S&P 500 Comparative Cycle Analysis Chart
    • There will likely be rate increases well into 2023
    • The stock market will continue to be weak
  • Index and Bond Updates
    • Major indexes are down around 5%
    • 30-Year bond market are down close to 3 points
    • 10-Year yields are up 20 basis points
    • Gold is up around $8
    • Silver is slightly lower for the week
    • The dollar is up 1.7%, in resistance
    • Oil has a shot to get to $126

MEMBER VIDEO PREVIEW: FUTURESPEAK – 10-YEAR YIELDS – TNX

MULTIPLE TIME FRAME ANALYSIS – TSLA – ASKSLIM CYCLE LOW TIMING TRACKER

ASKSLIM SIR LIVESTREAM OVERVIEW AND DEMO

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • Not due to bottom until August-October – Weekly chart
    • $4175 is likely the highest price we will see – Weekly chart
    • Projecting a rally after bottom in August-October
    • A cycle breakdown will likely occur in the next couple weeks
    • Projecting an attempted rally early next week – Daily chart
    • Downside target is around $3500 into July – Daily chart

That’s the show for this week! 


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