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

SHOW INTRODUCTION

WEEK IN REVIEW

  • Market Recap and General Outlook
    • Economic data came in weak on Tuesday, lifting the stock market and bond market
    • The market stalled on Thursday on news of a government antitrust probe of AI companies
    • Employment numbers came out much stronger than expected on Friday
    • Indexes moved sharply lower on that news but rebounded quickly
    • Techs have still led to the upside while small-mip caps have been very weak
    • Most of our analysis is still pointed to the upside but it is limited
  • Index and Bond Updates
    • SPX & NDX are up 1%-2% for the week
    • The RUT is down 1%
    • 30-Year bond market are up around 1.25 points
    • 10-Year yields are down 9 basis points
    • Gold is down over $20 for the week
    • Silver is down over $1
    • Oil lost over $1 for the week

TRADE PLANNING WITH THE ASKSLIM TEAM – ANALYSIS IN LIGHT CRUDE, MGM, TLT

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ASKSLIM LIVE Q&A AND ANALYSIS

STOCK MARKET ANALYSIS WITH THE MCM

STOCK MARKET ANALYSIS

  • S&P 500 (SPX)
    • Still in a period of strength but there is a ton of risk – Weekly chart
    • Still projecting $5400 – $5450 – $5500 unless we get a breakdown – Weekly chart
    • Momentum is positive and conditions are bullish – Daily chart
  • Nasdaq (NDX)
    • Positive momentum on the weekly chart
    • Upside targets are at $19175 – $19225 – $19730 – Weekly chart
    • The OBI and momentum are both positive – Daily chart
  • Russell 2000 Index (RUT)
    • The RUT is under-performing
    • The Slim Cloud is now moving to the downside – Daily chart
    • The OBI has turned neutral and momentum turned negative – Daily chart
    • Showing the first signs of deteriorating conditions in this market
  • S&P Mid Cap 400 (MDY)
    • Momentum is turning negative – Daily chart
    • Warning of a decline coming in the stock market

That’s the show for this week! 


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