Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely ...
Disclaimer: So many commentators talk about a stock market crash, bust or boom just to make it exciting. Slim looks at things very differently, applying his unique cycle analysis to nearly 400 widely held stocks, futures and ETFs. Watch Slim's very popular short-term view of the markets every week. And, contrary to most analysts, he holds himself accountable to his analysis each week. Also, there are interviews of coaches, traders and other market pros, along with an occasional political rant. Slim is still an active trader in index futures, gold, silver, bonds, oil, dollar, euro, stocks and options. He is also a trader coach and hedge fund consultant.
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A down week always looks bad after up weeks, however, it is already past. I think the negative outlook after this is overplayed. The job reading is always adjusted and the trend is more important. In all, total jobless rates rates are a bigger issue and has been gradually rising. Global outlook has been weak for some time.
What really matters is is a China deal going to happen or not. If so, the market will hold up as things look better. If not, then the market is too high and the semi selloff will resume. Charting won't tell you which way this will go no matter how you do the charting.
A down week always looks bad after up weeks, however, it is already past. I think the negative outlook after this is overplayed. The job reading is always adjusted and the trend is more important. In all, total jobless rates rates are a bigger issue and has been gradually rising. Global outlook has been weak for some time.
What really matters is is a China deal going to happen or not. If so, the market will hold up as things look better. If not, then the market is too high and the semi selloff will resume. Charting won't tell you which way this will go no matter how you do the charting.