The bellwether large cap index took off to the upside after today’s FOMC announcement and didn’t look back, taking out Friday’s high in the process. That likely implies taking out the all-time high from November, and we’ll look at how much more we might expect.
With the year-end rally on shaky ground and traders doubting they really believe in Santa, buyers are not stepping in yet. Will they and where? I discuss that in this update.
Does the rate hike stay firmly planted in June? There are plenty of trends that frankly don’t care, and I explain what to do with those trends that will benefit from the path the Federal Reserve has the market on.
AMD and NVDA have been huge, relative strength winners this year and at this point, we are seeing profit-taking in both of these names. While they are down today, that also means they are hitting pullback zones. Let me show you what I’m looking for to jump back in these on the buy side.
A quiet Monday can be a good thing if that quiet means that tickers are setting up for some big moves. Right now, we are seeing quite a bit of set ups, but the problem is that the strength is falling out of the market, and these setups could easily become teeth kickers. Let’s talk about our key names, AAPL, MSFT, GOOGL, and FB, along with key cyber security tickers I’m watching right now.
There is a lot going on this week with Index Futures Rolling into Quad Witching Friday and a FOMC announcement Wednesday. Let’s look at a proposed plan of how I’d like to trade it.
Neither fighter is going to back down… and my money is on Santa, but could Powell deliver some dip opportunities that buyers will like?
