Countdown To Reversal

Q2 2022 hedge fund letters, conferences and more

Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article features good 6 ones.

S&P 500 and Nasdaq Outlook

S&P 500 is looking fine, and the question remains whether it reverses from 4,020s or a bit higher – that‘s still my leading scenario at the moment. Taking a careful look at market breadth next – whether the positive developments discussed in the opening part of today‘s analysis, get stronger or not.

Credit Markets

HYG is still leaning the bullish way, hasn‘t run out of steam yet. Dollar being unable to keep yesterday‘s modest gains, played a role. Bond markets are likely to stall today, and it would be indicative whether HYG makes further progress or not.

Bitcoin and Ethereum

Cryptos want to rise, the weekend ahead looks quite fine, which is in line with the idea that stocks wouldn‘t roll over to the downside sharply today.

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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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