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 swing and the rotation continues from AI and tech to financials and energy
- Anthropic calls for a global slowdown in AI development
- AI disruption fears hit several stocks, CRM ADBE and more
- Logistics, real estate and consulting firms are also pressured from AI
US TREASURIES – A MAJOR BOTTOM FORMING IN TLT?
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STOCK MARKET ANALYSIS WITH THE ASKSLIM MARKET CONDITION MONITOR PRO
STOCK MARKET ANALYSIS
- S&P 500 (SPX)
- Support levels are at $7100 – $7300 – Weekly chart
- Not looking for a giant decline with the current rotation going on
- The broadening pattern is continuing – Weekly chart
- The RS is still rising and positive
- A daily cycle trough is due around mid-June
- It would be reasonable to break $7333 on the downside in the next few weeks
That’s the show for this week!
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