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 swung wildly this week with AI thrashing in both directions with huge volatility
- AAPL plunged to the downside on news of raising prices
- OpenAI may delay IPO until 2027 on group volatility
- Oil dropped below $70, easing inflation fears but PCE at 4.1% has to bother fed
- The rotational market is still on – DJIA and RUT make new highs while SPX and NDX stall
KATIE SPOTLIGHTS CLOROX (CLX) IN THE ASKSLIM INVESTOR HUB
MAG 7 OR ‘LAG 7’ – HIGH CAP LEADERS HAVE FALTERED – A TIMING MESSAGE FOR THE STOCK MARKET
ASKSLIM DAYTRADER SERVICE SPECIAL DISCOUNT OFFER – BUY 2 MONTHS GET 1 FREE!
STOCK MARKET ANALYSIS WITH THE ASKSLIM MARKET CONDITION MONITOR PRO
STOCK MARKET ANALYSIS
- Market Volatility Index (VIX)
- Entering a rising phase – Weekly chart
- Reasonable to move up into the $28 – $35 area into August – September- Weekly chart
- Projecting a possible stock market cycle peak around July 7 – Daily chart
- S&P 500 ETF (SPY)
- Been stuck in a diamond pattern for two months – Weekly chart
- Major correction of around 10% – 20% projected into August-September – Weekly chart
- Momentum has turned over to negative – Weekly chart
- $722.59 is the key cycle breakdown level on the downside – Daily chart
- May see 5-6 trading sessions before a move up – Daily 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.
