S&P 500 Corrects In Breadth

← Go back Jul 07, 2023

Good shallow downswing opportunity was lost yesterday premarket – and the almost neutral manufacturing data didn‘t force buyers to waver. The key sectorsI‘ve been highlighting lately so often, , and the table is set for expansion in breadth following retail sales. The latte session ambush from Monday . Risk assets are performing nicely, and especially precious metals are for today while crude oil and would also peek higher alongside copper. Quoting from yesterday‘s extensive analysis as regards retail sales: 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. are primed for a move, and odds are it would lead them higher – the only question is whether that happens already today, or would take a day more. I‘m favoring today. buyers stepped in early, and $73.50 – $74 level held. Comoodities and waking up, and copper is also likely to recover yesterday‘s setback in short order. 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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