S&P 500 – Fighting The Fed
![S&P 500](https://www.valuewalk.com/wp-content/uploads/2023/02/SP-500-300x150.jpeg)
S&P 500 couldn‘t convincingly break below 4,015 and reach first 3,980s and then towards 3,965. Fed minutes merely reinforced the tighening ideas amid decreasing voice of “no landing” and “disinflation” narratives as amply described in Tuesday‘s key analysis.
NVIDIA Corporation (NASDAQ:NVDA) earnings marvellously spurred erasure of the rightful slide on Fed minutes, Today‘s incoming data also confirm the Fed has further room to go in the short term before the 2H 2023 contraction arrives.
Q4 2022 hedge fund letters, conferences and more
Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox. Plenty gets addressed there (or on Telegram if you prefer), but the analyses (whether short or long format, depending on market action) over email are the bedrock.
So, make sure you‘re signed up for the free newsletter and that you have my Twitter profile open with notifications on so as not to miss a thing, and to benefit from extra intraday calls.
Let‘s move right into the charts (all courtesy of www.stockcharts.com).
Gold, Silver and Miners
Gold and silver don’t look fine here, and more time in carving out sustainable local bottom, is required. If I were to allocate fresh money to the sector as a buyer, I would wait.
Crude Oil
Oil looks troubled in the short-term still, no traction from China reopening or chiefly those credit infusions just yet. The longer it stays close to $71 - $73, the more concerning it becomes.
Copper
Copper keeps showing the way, boding well for other real assets – more in the months rather than in the weeks ahead.
Thank you for having read today‘s free analysis, which is a small part of my site‘s daily premium Monica's Trading Signals covering all the markets you're used to (stocks, bonds, gold, silver, miners, oil, copper, cryptos), and of the daily premium Monica's Stock Signals presenting stocks and bonds only. Both publications feature real-time trade calls and intraday updates.
While at my site, you can subscribe to the free Monica‘s Insider Club for instant publishing notifications and other content useful for making your own trade moves.
Turn notifications on, and have my Twitter profile (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,
Monica Kingsley
Stock Trading Signals
Gold Trading Signals
Oil Trading Signals
Copper Trading Signals
Bitcoin Trading Signals
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice.
Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind.
Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make.
Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
Source valuewalk