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 inverted yield curve will likely get worse
  • The CPI came out up 1.3% for the month, up 9.1% year over year
  • PPI came out up 1.1%, up 11.3% year over year
  • The market rebounded a bit on Thursday and Friday
  • The second quarter GDP projections are -1.5%
  • Analysts are downgrading S&P 500 projections
  • Earnings will be bad this season, but the market may have priced a lot in
  • There is likely a bounce coming in this bear market
• Index and Bond Updates
  • The Dow is down about .5%
  • The RUT is down 2% for the week
  • 30-Year bond market gained 3.5 points
  • 10-Year yields are down 19 basis points
  • Gold is down $38
  • Silver is down around 45 cents
  • The dollar gained .75%
  • Oil lost $7

STOCK MARKET – S&P 500 COMPARING 2008 TO 2022

LEVEL 4 MEMBERSHIP SPECIAL OFFER & OVERVIEW

MULTIPLE TIME FRAME ANALYSIS – TWTR

WHAT’S NEW AT ASKSLIM.COM?

GOLD QUICKIE – APPROACHING A KEY BOTTOM TIMING

STOCK MARKET ANALYSIS

• S&P 500 (SPX)
  • There is a chance to get to around $4,000 before moving back down – Weekly chart
  • Projecting to around $3200 in April 2023
  • The larger downside risk is in August-October
  • $3972 – $4053 are the upside projections – Daily chart
  • Momentum is negative – Daily chart

That’s the show for this week! 

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