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
- Stocks are narrowly mixed for the week
- Japan bond market fell, causing weakness to the US market
- The yen got a bounce on Japan potentially raising interest rates
- Fed Waller helped the market by suggesting giving disinflation a chance
- The market is pricing 50/50 on potential increase in rates
- AI is driving everything while consumers are tapped out
- The Iran conflict heated up again, light crude is not likely to fall significantly in the short term
ASKSLIM LIVE QUESTIONS & ANSWERS – ANALYSIS IN GOLD, BITCOIN, TSLA AND MORE
ASKSLIM LEVEL 4 SPECIAL OFFER – BUY TWO MONTHS AND GET ONE FREE!
HYG HIGH YIELD CORP BONDS MULTIPLE TIME FRAME ANALYSIS
SMH XLF & XBI ANALYSIS AS PROXIES FOR THE STOCK MARKET
STOCK MARKET ANALYSIS WITH THE MARKET CONDITIONS MONITOR
ASKSLIM LEVEL 4 DASHBOARD WALKTHROUGH
STOCK MARKET ANALYSIS
- S&P 500 (SPX)
- There is potential for a couple more downside weeks – Weekly chart
- Targeting $7528 – $7456 on the downside – Daily chart
- Sum of the evidence suggests that Q4 will be strong
- A move above $7770 would suggest a false breakdown and is in better shape than currently projected – Daily chart
- Nasdaq 100 Index (NDX)
- Could be an early trough or we may see one more selloff – Weekly chart
- $28660 – $28315 – $27725 are the downside targets over the next few weeks before a more favorable period
- If it gets above $29770 it would give a more positive message – Daily chart
That’s the show for this week!
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