Yesterday’s FOMC meeting minutes was hawkish
As the old saying goes: don’t fight the Fed
$Tesla(TSLA.US$ $Apple(AAPL.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $SPDR Dow Jones Industrial Average Trust(DIA.US$ $S&P 500 Index(.SPX.US$ $USD(USDindex.FX$ $CBOE Volatility S&P 500 Index(.VIX.US$ $ARK Innovation ETF(ARKK.US$ $Palantir(PLTR.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Successful investing is about managing risk, not avoiding it. DYODD
Support my YouTube channel: Jay el
5383Followers
45Following
26KVisitors
Follow
Expendabiggles : More plunge protection…huh
BeBlessed : Bro, can do charting for Xpeng? I have few lots at 7.18.. thank you.
Lichele : what does it mean to say hawkish? How does it affects the market?
Cow Moo-neyOP BeBlessed: Hmm based on bollinger band, it’s getting tighter, there could be a big move coming, so be careful. As to which direction, cannot be super sure.
But on paper, purely based on chart, it looks a little bullish, with macd just had a bullish cross with and it had 3 candles out of the ichimoku cloud (bullish sign too). It’s currently hitting resistance at around 11.8. If it breaks free, there is a chance it could fly to 18 before hitting a heavy resistance.
Only issue stoping the bull now it’s quite overbought. And the call boat is very heavy. So may have small retracement to cool the indicator. That’s when we will see if bulls continue to be in control. If yes, then the above bullish thesis could play out.
On the downside, support at 9.5 and 9.0. If you’re a bear, you would want these to be broken. If it bounces from here, it’s bullish. Or rather, for now, anything above these 2 levels, it’s still bullish. Below these, we could have a chance to slide to 7.6 to 8.5 (where there is a gap), that’s when bears can profit
Not financial advice.
Cow Moo-neyOP BeBlessed: You mean you have a few hundred shares at 7.18?
BeBlessed Cow Moo-neyOP: yup 5 lots. I just sold 3 lots at 11.76...
Cow Moo-neyOP Lichele: It means the federal reserve will remain aggressive in their monetary policy such as implementing / maintaining high interest rates. In a high interest rate environment, it’s bad for companies because it’s expensive to do business (eg high borrowing cost), which in turn affect their profits.
Cow Moo-neyOP BeBlessed: Wow that’s more than 60% profits !
Cow Moo-neyOP BeBlessed: Taking partial profits at resistance level seems good when you’re a bull
BeBlessed : ahh okay ty.. I saw it sudden spiked up to 11.84... was queuing at,11.90
View more comments...