Friday, December 6, 2024 9:10 AM EST
S&P 500 pushed for new ATHs early in the session, but was rejected, and premarket session is shallow and cautious – why deploy fresh money before NFPs? No reason to, yet there are distinct signs offered by the bond market and yields overall with respect to where equities are going. VIX continues being tame, and that‘s perfectly in line with my call for a slow grind higher, yet tame as befits Presidential election years‘ Santa Claus track record.
Note also my publicly expressed misgivings about oil price, and a fresh update meriting attention of precious metals investors and traders follows in the premium section too. Final question of this opening part is when Bitcoin will overcome and close above $100K – key determinant.
Anyway, 160 ES points profitable call was delivered to clients yesterday, as of the Nov 21 initiated long move.
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Disclaimer: 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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