Why I Was Bullish Through Shutdown
(Investorideas.com Newswire) S&P 500 bucked the strong close of Tuesday, and did a solid premarket retest only to bounce and extend gains – clients are happy, I didn‘t change the bullish tune. Weak ADP employment change was another piece in the puzzle of why equities rose, and healthcare, Big Pharma truly meeting MAHA just another reason… the sector carries great weight in S&P 500, and key stocks stopped trending lower weeks ago. Still, Russell 2000 and USD provided the greates signal as I explain the mechanics further…
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Let's move right into the charts (all courtesy of www.stockcharts.com) - today's full scale article contains 4 more of them, with commentaries.
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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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