(Investorideas.com Newswire) The S&P 500 did not immediately slump on expected poor job creation and unemployment rates, but did so only with a slight lag. That back-and-forth on hourly candles, coupled with technology that ultimately outperformed the 500-strong index for one day, signals temporary seller exhaustion. We also saw quite a bit of buying before the closing bell, and the dollar also turned.
As promised, I’m publishing yesterday’s data game plan below.
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All essays, research and information represent analyzes and opinions of Monica Kingsley that are based on available and most recent data. Despite careful investigation and efforts, it may prove incorrect and may be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or completeness of the data or information reported. Its content is for educational purposes and should not be considered advice or interpreted as recommendations of any kind. Futures, shares and options are financial instruments that are not suitable for every investor. Please note that you invest at your own risk. Monica Kingsley is not a registered securities advisor. By reading her writings, you agree that she cannot be held responsible or liable for the decisions you make. Investing, trading and speculating in financial markets can involve a high risk of losses. Monica Kingsley may have a short or long position in any security, including those mentioned in her writings, and may make additional purchases and/or sales of these securities without notice.
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