Another Bought Dip – ValueWalk

Another Bought Dip

S&P 500 was pulled lower overnight on poor Apple Inc (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) guidance even though current earnings didn‘t disappoint much – odds were any S&P 500 setback would be bought.

The premarket downswing brought stocks once again almost to the initial low point (just four points above the waiting buy order) only to see them recover close to unchanged. Forward guidance was shaken off – the effect upon earnings has indeed to wait till early 2023.

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Q3 2022 hedge fund letters, conferences and more

Hedge Fund Capital Decline Slows as Financial Market Volatility Accelerates

stocks industry 1667219144CHICAGO, (October 20, 2022) – As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in 3Q 2022, as reported today by HFR®, the established global leader in the indexation, analysis and research of the global hedge Read More

 


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Market breadth has been improving, cyclicals and smallcaps are leading, which is consistent with my thesis that the U.S. is still best placed to weather the storm.  The Q4 rally can proceed, core PCE isn‘t to rattle stocks, and I‘m dealing with namely precious metals and crude oil perspectives (more sensitive right now to Fed tightening prospects) in the chart section.

Keep enjoying the lively Twitter feed serving you all already in, which comes on top of getting the key daily analytics right into your mailbox.

Plenty gets addressed there, but the analyses (whether short or long format, depending on market action – today long) over email are the bedrock, so make sure you‘re signed up for the free newsletter and that you have Twitter notifications turned on so as not to miss any tweets or replies intraday.

Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article features good 4 ones.

Gold, Silver and Miners

Gold

Precious metals are still struggling even when dollar and yields retreat, knowing full well the Fed didn‘t back off – their time hasn‘t yet come. Silver can be counted on to move together with copper higher, but low stockpiles aren‘t yet biting enough. Just some more focus on inflation and not on inflation fighting, is required.

Crude Oil

Crude Oil

Crude oil is being led by oil stocks, and WTIC can think about taking at least on $95 before the year is over.

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Monica Kingsley

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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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Dheeru Rajpoot

I am Dheeru Rajpoot an Entrepreneur and a Professional Blogger from the city of love and passion Kanpur Utter Pradesh the Heart of India. By Profession I'm a Blogger, Student, Computer Expert, SEO Optimizer. Google Adsense I have deep knowledge and am interested in following Services. CEO - The Rajpoot Express ( Dheeru Rajpoot )

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