Friday, January 5, 2024 9:08 AM EST
S&P 500 couldn‘t keep opening gains as job market data had come in strong yesterday, sending yields higher even if USD didn‘t take the clue much. Today‘s non-farm payrolls aren‘t to come on the weak side either, and the positioning for a figure not below expectations already yesterday, allowed me to deliver intraday gains to clients in out channel, altogether +49 pts as per the latest move. Both Trading Signals and Stock Signals clients (=swing trading clients) benefit as well of course, so let‘s move into the charts without much ado.
S&P 500 and Nasdaq Outlook
(Click on image to enlarge)
![S&P 500 and Nasdaq](https://monicakingsley.co/wp-content/uploads/2024/01/STS-1-3.png)
The 4,735 support was broken right as per yesterday‘s expectations, but for all the rate cuts bets being dialed back considerably from the immediate (Jan-Mar) future, watch for the one way move lower to meet a curveball – be ready with open profits protection.
Crude Oil
(Click on image to enlarge)
![crude oil](https://monicakingsley.co/wp-content/uploads/2024/01/STS-4.png)
Crude oil has bottomed, and is to slowly start appreciating from here, with $75 break being the first safe bet of winter 2024.
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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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