U.S. Stocks Hold Steady as Fed Keeps Door Ajar

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2 years ago
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In this video, Michael Silva discusses the recent actions of the Federal Reserve, raising 25 basis points and causing some market volatility. He mentions that despite the lack of significant movement in the overall markets, intraday charts showed a lot of choppy price action. He advises viewers to be prepared for ongoing volatility during the week. Michael then talks about upcoming economic data releases, including durable goods and GDP growth numbers, as well as interest rate decisions by the European Central Bank.

The video also covers some individual stock charts, focusing on companies like McDonald's, Royal Caribbean Cruises (RCL), Carnival Corporation (CCL), and MasterCard. Michael provides analysis of these charts, discussing potential breakout or pullback scenarios depending on earnings outcomes.

Additionally, he updates the daily expected moves for the S&P 500 (SPY) and the Invesco QQQ Trust (QQQ) based on their recent price actions. He emphasizes the importance of paying attention to key technical levels and volume patterns to gauge potential market movements.

The video ends with Michael discussing broad market internals, indicating a bullish trend but also mentioning the possibility of increased volatility due to narrowing price ranges. He advises caution and highlights specific support and resistance levels to watch in semiconductor stocks (SMH) and Apple (AAPL).

Overall, the video provides insights into the recent market developments, individual stock analysis, and technical indicators to help viewers make informed trading decisions amidst ongoing market volatility.

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DISCLAIMER: I am not a professional investment advisor, nor do I claim to be. All my videos are for entertainment and educational purposes only. This is not trading advice. I am wrong all the time. Everything you watch on my channel is my opinion. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel :)

#Stock​market #StockMarketAnalysis #Day​Trading

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