← Go back Aug 08, 2023
Stocks duly reversed the Corp (NASDAQ:NVDA) earnings and guidance euphoria, breaking even 4,425 with ease. Even the old 4,385 support from from many weeks ago, was reached – I didn‘t count on such an easy bearish ride, but the selling picked extraordinary steam regardless of a not so bad day in Treasuries. Odds are thus not only for a crawl back to 4,407, but also to 4,415 today, still before Powell. With all the fears of not just more rate hikes, but especially of no any time soon, stocks had been quite beaten down this week, and as is usually the case, the positioning would before stocks continue correcting lower again. no matter how much inflation data dependency is mentioned. Of course I‘ll be covering the moves and reaction across the markets on Twitter – in advance, have a fine weekend, and thank you for all your kindness of late. 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. Daily levels are given in the introduction to today‘s article, and I‘m looking for a fine retracement first (as is being played in Intraday Signals due to this being a brief opportunity) before implications of Powell‘s words sink in, which may be as delayed (taking as long to develop) as selling into NVDA earnings. 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,
Read more: valuewalk
