← Go back Aug 08, 2023
Stocks rose all the way into (NASDAQ:NVDA) earnings, breaking not only 4,447 but also 4,460 as optimism gripped AI-related stocks – the surprise was considered , but didn‘t result in such a sharp spike as it did a quarter ago. For all the tech breadth improvement and more in the 493 other stocks to be shown today, yields and USD haven‘t said the very last word, but the initiative is on the as well – as in having to prove willing ness to step in while prices consolidate sharp overnight gains (gap filling). The degree to which the daily euphoria spreads elsewhere, would be most telling, and I still think that on the fringes (smallcaps etc), the AI hype and promise driving figure would be as rotations wouldn‘t kick in with veritable strength. Plenty of intraday opportunities both ways before Jackson Hole simply. 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 3 of them. 4,425 is a far away support, and also 4,434 is one heck of a journey. 4,447 would probably cushion most of the downside today – yes, a choppy day 4,447 and 4,485, is ahead – buyers would have to prove themselves. upswing is officially underway for everyone to see – made more bullish by silver not really looking back, but that was a function of yields retreating. Similarly post Jackson Hole, I‘m not looking for precious metals to be knocked unconscious in the least. caught a fine bid, but as per the caption that‘s not definitive. The correction doesn‘t have run its course yet – yesterday‘s lows to be still broken on a closing basis. Copper would be still inspired by silver, suffering less of a setback – the high $3.70s are my pick for today‘s closing prices. 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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