← Go back Sep 09, 2023
CPI came in hot, yet both yields and didn‘t maintain their downswings. The odds of Fed rate hikes weren‘t that much changed – speaking about both Sep and Nov, where a Nov hike is the underappreciated possibility, not a base case. The bears couldn‘t maintain the opening session‘s progress, and most of the session, proving the upswing being more than an intraday trap (as in longer lasting). Some traps take more than 24hrs to resolve. While the 4,529 / 4,530 indeed , the aftermarket session indicated that the . The though for fresh selling, and whatever materializes may be bought , when all is said and done – yet 4,550s are likely to cap the upside today. And with more evidence of , Fed would be later this year, with bears risk taking consequences. 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 4 of them. 4,550s are to be respected in all likelihood till the closing bell, and prices – especially if led by tech benefiting yesterday from failure of yields to rise further post , especially if tech takes the same clue and declines today – shouldn‘t approach this level during the regular session. Also for good progress confirmation, the sectoral view should favor utilities more than financials or industrials, with the latter two dipping, going negative later today. The tightening message is simply too strong to ignore. 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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