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Stock Market Changing Bias

Stock-Markets / Stock Market 2023 Jan 19, 2023 - 09:12 PM GMT

By: Monica_Kingsley

Stock-Markets

S&P 500 didn‘t take kindly to deteriorating data – after a long time, bad news was indeed taken as bad news. The pivot hopes are receding, and recession prospects come to the fore, which was the subject of Tuesday‘s extensive analysis.

The turn in sentiment was fast, however our long S&P 500 and copper gains were protected by tightened stop-losses, taking the model portfolio significantly higher - .above $280K from $50K starting Jan 2021 (check my homepage for descriptions -  no slippage, commissions, taxes. Past performance is no guarantee of future results).That‘s the proper long-term view with odds heavily in your favor through diligent analytics!



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).

S&P 500 and Nasdaq Outlook



S&P 500 has the nearest support at 3,895, and on the upside 3,915 can give the buyers some chance to think about retracement. The character of the market is slowly changing as 200-d moving average was rejected. Again, and the same goes if you‘re in favor of looking for a declining line connecting recent tops.

Credit Markets



Bonds aren‘t supportive of any steep rally – it‘s flight to safety of Treasuries as economic prospects deteriorate. No animal spirits at the moment really.

Thank you for having read today‘s free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica‘s Insider Club , which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

Thank you,

Monica Kingsley

Stock Trading Signals

Gold Trading Signals

www.monicakingsley.co

mk@monicakingsley.co

* * * * *

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.


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