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
    • Earning brought big moves in both directions this week
    • Our S&P 500 rebound projections were hit
    • NFLX subscriber losses came out much less than expected
    • Social media and online ad stocks fell on Snap earnings report
    • The stock market has moved up 10% from its low
    • Momentum conditions are positive in all time frames but there will likely be a dip into August
  • Index and Bond Updates
    • The major indexes are up around 3% for the week
    • 30-Year bond market gained 1.75 point
    • 10-Year yields fell 13 basis points
    • Gold gained $25
    • Silver is up 12 cents
    • The dollar moved down 1.5%, looking for under $1.05
    • Oil is down 60 cents

MEMBER VIDEO PREVIEW – SHORT-TERM SWING TRADE PLANNING – XBI

LEVEL 4 MEMBERSHIP SPECIAL OFFER AND OVERVIEW – 3 DAYS REMAINING

MULTIPLE TIME FRAME ANALYSIS – SMH

STOCK MARKET ANALYSIS

  • S&P 500 (SPY)
    • Momentum is improving – Weekly chart
    • $350 – $320 are important support levels – Weekly chart
    • Projecting a strong decline later in the Summer – Weekly chart
    • The cycle bottom timing is late September – October – Weekly chart

That’s the show for this week! 


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