askSlim Market Week 06/14/24 - Analysis of Financial Markets
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- Опубліковано 26 вер 2024
- Enjoy the latest episode of the askSlim Market Week!
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Hear 46-year trading pro, Steve Miller, share unique analysis and commentary on the financial markets. Slim looks at 300+ #stocks, #ETFs , #Indexes and #futures. Bull market or bear market, you'll be amazed at these unique cycle charts, evolved from decades of work.
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Slim's Background:
#Trader, analyst and mentor, Steve "Slim" Miller is 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. Slim is a past member of the CBOE, CBOT and Chicago Mercantile Exchange.
Slim looks at things differently than most market analysts. He applies his unique cycle analysis to nearly 400 widely held stocks, futures and ETFs. Learn the most unique style of technical analysis, evolved from the work of JM Hurst's book, "Profit Magic of Stock Transaction Timing"
For investors and traders with interest in, investing, trading, swing trade, scalping, indextrading, pairs, indexes, treasury, #FOREX, #FX trading, dollar, euro, yen, pound, currency, currencies, Powell, interest rates, Fed, FOMC, recession, Great Depression, bull market, bear market, crash
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Strategies: swing #trading, scalping, #investing, investments, fxtrading, fx trading, fx signals, crude oil, bullish, bearish, options, option trading, spreading, pair trading, vertical spreads, butterfly spreads, iron condors, strangles, straddles, diagonal spread, delta, Vega, Gama, theta, option decay, leverage ETF
Steve you’ve helped me overcome so many beginners mistakes! Don’t ever go no where!
So great to hear
Level head. Rational thinking. No BS. Good Video!
Appreciate that
Remember to keep posts respectful. We have a zero tolerance rule for those that come here to demean this very hard working team. When you offer a criticism, please include your own analysis. If you are commenting on something we said in the past, please include the video and time index so we can review our own work and improve.
Thank you for another great video. When the time comes, this one will be the first crash that I'll experience, and the chances are it will be the largest one in my lifetime.
I hope you do well!
You break the market down in layman's terms and make it easy to understand. Yours is the only channel that does this. I don't waste time with other's since it's all mumbo-jumbo bs. Thank you once again Slim and team!
Wonderful comment
Hi Slim! Thank you and happy summer :)
Thank you too!
Thanks for posting people have a wonderful weekend..
😊
Thanks for this analysis. Hoping to see gold/silver and copper miners starting a nice big bull run not too long from now.
You and me both!
Im liking the panw trade idea! The charts look bullish, but im intrested in seeing this minor pullback to 310. Im not sure if panw goes lower from looking at the overall indicies being bullish. Thanks team for the info
You’re welcome
Thanks, Slim.
Welcome
@@askSlimTeam I am interested in your level 4 membership. is it possible to do a 2/3 days trial before committing so I can understand the service?
@@sma8794 we do not offer free trials for level four as it has our proprietary algorithms in the chart scripts. There will be a “popular service preview” coming up, which is free, but it is mostly information from levels one and two and a little bit from level three. The $99 non-recurring special will have ended, however, before that.
Great analysis as always guys. Russell 2000 VERY high probability of the bottom dropping out sometime over the next 2 or 3 sessions. Looks like a cycle low on the daily approx July 8. Things are about to get very interesting and probably lucrative.
Always appreciate your comments and support
It looks like maybe the rollover has begun today. Also looks like gold and silver might break higher this time.
✔️
Great job slim ,what i understand there is still momentum to push NAS & SPX higher but no one can call the exact top as the goal post keep pushing higher and higher by so called EW gurus . as we all know nothing can go up forever , there will be a correction soon but not a CRASH . have a good weekend .
Appreciate your comments
Slim, love ya...........but your signal missed the first 1000 points down on the Dow.
Thanks, to which signal do you refer?
That's because indicators lag and they can lag for lengthy amounts of time. Plus, you can miss some great corrective moves on a slow stoch where the divergences become apparent. That down move of the was just NDX breaking out against US30. Check the NDX/US30 ratio. The move could peg the 3.6 of the recent leg.
Slim, great analysis!! I keep hearing there is 6 trillion on the sidelines from CNBC. Is that true and where could one see this? Everyone is out of money that I know of, so how does this market keep bidding up? Thanks for your perspective.
50 years in the markets, and I have always heard about the massive amount of money on the sidelines. Of course, it’s never on the sidelines. It’s always invested in something. Why would it come to stocks at these valuation levels? Historically, after stocks fall, and interest rates fall with them, once there’s stability then money flows towards the stock market again. That is the natural ebb and flow. It goes from one extreme to the other and right now it’s at an extreme.
That makes sooo much sense. I don't particularly like the cheer leaders on CNBC but they look like geniuses the last 15 years of this Bull Run. 😊
What about silver? :) Big rally into July?
We are not able to answer requests for analysis
Great analysis. What's the basis that BTC will go down?
It is based on cyclical analysis, as we illustrate and teach all of the time.
@@askSlimTeam thanks 🙏 I'm looking into it
Thank you for adding the yellow circle around the cursor
👍
Valuation should never be a reason to sell a market led by growth innovators in a new AI revolution that still has several years to go higher, especially just as interest rates are about to come down into early 2025 which even you have said to be the case. Its just odd how you can go from super bullish (thru summer) just recently and now flipping to 'danger' ahead. I realize markets move and shift and the current breadth is concerning but this could go on until the election when a deeper correction would be likely. Just my two cents, thanks.
Obviously, I disagree. Thanks for your comment.
@@askSlimTeam Not saying you will be wrong but I have studied seasonality patterns during election years and its pretty fascinating how they line up well with shallow dips generally bought through summer. This AI train is something to not ignore
When you said we are in a counter trend bull market inside a secular bear market, was your evidence based on cycle analysis or some other things?
Both
Very transparent. Great show.
Appreciate that! Thank you!
Does the VIX tend to follow any cycle patterns, or is it completely random?
Yes, VIX has cycles and we have shown them many times and our members see them all of the time
Your analysis is spot on, and this market rising based on only a few stocks, really seems manipulative. If so, then I would expect a sharp decline when its profitable for them.
Good comment
This is so great! I would like to learn more but I'm a bit concerned with my lack of knowledge. Would the level 4 be too much to take in? or best to just dive into it and eventually it will make sense? Appreciate your advice.
If you are just learning, level 2, with access to all of our videos would be the best choice. Then you can step up when you are ready.
Bitcoin 🙏🙏🙏
That is available for members, levels 2=3=4
all other stocks have been dragged along and falling down. But they won't stay down forever. It is possible that when they start moving up again as a whole, the market cap leaders will be falling. So we could see a resurgence of the Russell while the S&P is falling.
I was thinking that same thing, but no sign of it yet certainly
Hi steve, do you think that the market's will start to go into a bear market around January 2026 ?
That will be discussed in the coming “Big Picture Analysis”. Video for premium members.
you need a better mic man. Too much disturbance
Oh! It’s a new upgraded mic!
Finally someone mentioned the V word. Valuations. Nobody seem to care these days This willl end badly. When, it is anyone’s guess.
Yes! Thanks!
Yea it never corrects tho, gonna crash big at some point
Dunno bout a crash. Pullback, is what I would call it.