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
- Indexes rebounded including an SPX move to all time high on Iran war optimism
- Tech stocks saw drops as earnings weren’t good enough
- Oil fell while bonds rally and yields drop on hope for a deal with Iran
- Employment report shows weakness with jobs lost 23,000
- Indexes are up 3% – 5% for the week
ASKSLIM LIVE QUESTIONS AND ANSWERS SEGMENT
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STOCK MARKET ANALYSIS WITH THE MARKET CONDITIONS MONITOR
STOCK MARKET INVESTOR OUTLOOK – SPX MONTHLY, INVESTOR SENTIMENT
ASKSLIM DAYTRADER SERVICE OVERVIEW AND LIVE LOOK
STOCK MARKET ANALYSIS
- S&P 500 (SPX)
- There is potential that the anticipated declining phase already happened but still expected a period of risk into September – Weekly chart
- Upside levels are at $7800 – $7875, would likely stall in this area before coming down – Daily chart
- Indicators are all still positive
- Market Volatility Index (VIX)
- The daily chart suggests that the stock market should hold up for a couple days before a potential move to the upside in the VIX
- Nasdaq 100 (NDX)
- Not as strong as the SPX
- Likely not done on the downside – Weekly chart
- The short term chart looks positive but the intermediate term dominant cycle is negative
That’s the show for this week!
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