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 CPI numbers showed the core was up .6%, sent the S&P down over 100 points in minutes
    • The Dow had its worst day in 2 years
    • PPI came out higher than estimated on Wednesday
    • The average mortgage payment moved to over $2300 per month, refinances are plunging
    • Employment numbers came out pretty strong
    • Most are anticipating a .75 increase in rates again
    • FedEx came out with poor earnings on Friday
    • There may be a bit of a rebound early next week in the stock market
    • The S&P 500 vs Dollar daily comparison chart
    • Projecting a peak in the Dollar around the end of September
    • The fourth quarter should be more positive for the stock market
    • The fed will likely be restrictive for years
  • Index and Bond Updates
    • Major indexes are down 5%-6%
    • 30-Year bond market are down 1.25 points
    • 10-Year yields are up 10 basis points
    • Gold may have made a short term bottom, down $40 for the week
    • Silver is up around .60
    • The dollar is up .5%
    • Oil lost around .60 for the week

MEMBER VIDEO PREVIEW – SHORT-TERM SWING TRADE SETUP IN TOL

A CYCLE ANALYSIS LESSON – EXTENDED NEGATIVE CONDITIONS IN NVDA

ASKSLIM FOCUS LIST MOMENTUM CONDITIONS – 60 STOCKS/ETFs IN 10 MINUTES

ASKSLIM LEVEL 1 SPECIAL OFFER – 50% OFF!

STOCK MARKET ANALYSIS

  • S&P 500 (SPY)
    • In a period of risk – Weekly chart
    • Likely to get to $377 – $362 – Weekly chart
    • Looking for a false rally for a few days before further decline
    • Upside will be limited through the end of the year
  • Dow Jones Transportation Avg ($DJT)
    • In a declining phase suggesting more time to go on the downside for the stock market – Weekly chart
    • Likely to decline into late September/early October
    • Under $11000 is a reasonable target

That’s the show for this week! 


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