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 chopped upward this week
    • Buyers came back in as Powell indicated that there was strength in the economy
    • The market was up Friday as investors could see a potential end to the fed rate hiking cycle
    • The fed will likely keep raising rates and keep them up for awhile
    • Big volatility in the market through 2023 is possible
    • Copper Chart Analysis
    • Dr. Copper vs 10-Year Yields Analysis
  • Index and Bond Updates
    • Major indexes are up over 6% for the week
    • 30-Year bond market are up around 2 points
    • 10-Year yields are down 16 basis points
    • Gold is down $15
    • Silver is down .65
    • The dollar is down .6%
    • Oil is down slightly

MULTIPLE TIME FRAME ANALYSIS – OIL (/CL)

A DAY TRADER’S ROAD MAP: SIR DAILY SNAPSHOT & CHARTSTREAMS

STOCK MARKET ANALYSIS

  • S&P 500 (SPY)
    • It’s likely that $362 will get tested in July
    • $383 – $397 is the sell zone – Weekly chart
    • Looking for a range of $350 – $400 into the fall
    • The market should look better in late July – September
    • Negative momentum – Weekly chart

That’s the show for this week! 


DISCLAIMERS

Askslim.com, Inc. owns and operates the website known as: www.askslim.com. All of the information on www.askslim.com is solely for entertainment, informational and educational purposes only and is not investment or trading advice. None of the information on the Website or in emails is guaranteed to be accurate, complete, useful or timely.

Please go askslim.com for the full disclaimer, terms and conditions and privacy policy.