← Go back Jul 07, 2023
S&P 500 defensives won yesterday, but the still good showing in financials, energy and consumer stocks, cushions wavering tech. It‘s not the case that industrials and materials are too expensive either, but I‘m looking for the weak reaction to both the XLC and XLY leading , to carry over into tech and semis today, and keep Nasdaq under pressure even if TLT keeps most of its Wednesday‘s advance intact. Keep enjoying the lively via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my , and of course that (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock. So, make sure you‘re signed up for the free newsletter and make use of both Twitter and Telegram – benefit and find out why . Let‘s move right into the charts (all courtesy of ) – today‘s full scale article contains 5 of them. Just as I wrote yesterday, 4,560s aren‘t to be visited today – 4,585 would put up a good fight if need be – all depends upon any selling stampeded at the open developing or not. Odds are that it wouldn‘t be anything serious, and ES would proceed on the journey to the high 4,590s followed by low 4,610s. Unemployment claims and Philly Fed manufacturing are unlikely to rock the „no recession coming“ boat either, and that means real lasting selling pressure is unlikely to develop in the first half of today‘s session. Thank you for having read today‘s free analysis, which is a small part of covering all the markets you’re used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates. While at my site, you can subscribe to the for instant publishing notifications and other content useful for making your own trade moves. Turn notifications on, and have my (tweets only) opened in a fresh tab so as not to miss a thing – such as extra intraday opportunities. Thanks for all your support that makes this great ride possible! Thank you,
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