US Stock Market Technical Analysis Today - 9-22-24

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The stock market technical analysis today shows that the markets last week took an early nosedive and then rallied back solidly due to the the 0.50% rate cut by the Fed. The VIX (fear index) is slightly higher than 16, which shows no fear. Small caps are laggy.

Federal Reserve Rate Cut: The Federal Reserve announced a significant rate cut of 50 basis points, marking its first reduction in four years. This decision was aimed at preempting an economic slowdown, signaling a proactive approach to monetary policy amidst concerns of a weakening labor market and moderating inflation.

Stock Market Reaction: Following the Fed's rate cut, there was a noticeable rally in equity markets, although this enthusiasm tempered by the end of the week with some gains being relinquished. Notably, all major U.S. stock indices hit new 52-week highs, with the Dow Jones surpassing 42,000, Nasdaq over 18,600, and Russell 2000 above 2,300.

Market Sentiment: The market exhibited a "buy the rumor, sell the news" behavior around the Fed's decision, indicating mixed reactions post-announcement. This was one of the most significant days for risk markets in recent years.

Economic Indicators:
Retail sales for August were reported, providing insights into consumer spending behavior, which is crucial for economic health.

Other economic releases included jobless claims, Philly Manufacturing Survey, and existing home sales, which collectively give a broader picture of economic activity.

Gold Market: Gold prices set new record highs following the Fed's rate cut, reflecting investor sentiment towards safe-haven assets in response to monetary policy changes.

Options Expiration: A massive options expiration event occurred, potentially influencing market volatility and stock prices due to the significant volume of options contracts expiring.

Corporate Earnings: Notable earnings reports included Salesforce and FedEx, which could have influenced sector-specific market movements.
This week's events underscore a pivotal moment in monetary policy, with immediate reactions seen across various asset classes, particularly in stocks and gold, reflecting broader economic implications and investor sentiment towards the Federal Reserve's actions.

So, it's been a week where economic data, especially inflation numbers, and anticipation of Fed actions have been the main drivers, with a sprinkle of corporate news and political theater for good measure.

Stock market technical analysis today shows that the markets may continue to be choppy for awhile.

#trading #technicalanalysis #investing
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These US stock market technical analysis today trading videos are on advanced technical analysis on the stock market, and any stocks mentioned are for you to research after consulting with a registered investment advisor.

All of Grok Trade's technical analysis videos are for educational purposes only. Our videos are not delivered by a registered financial advisor.

All securities mentioned in this stock market trading video should be carefully reviewed for suitability by a registered financial advisor. And please keep in mind that our stock market 2024 stock predictions are simply a guess, and the stocks to watch this weekend are not a recommendation to buy or sell. As mentioned and to make sure there is no confusion, the US stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment and is not an endorsement to buy or sell any security. Our next 3-Day Intensive 301 Mentorship is coming up soon. Click the link above and choose to be trained by a savvy trader through Grok Trade's mentoring program.

The stock market technical analysis this week may have stocks to trade but any mention is strictly for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." d7 called the 2008 and 2022 market crash, but there is never any guarantee of calls made by anyone include any Grok Trade mentor. This stock market trading video is on advanced technical analysis on stocks to trade after consulting with your investment advisor. These technical analysis videos are for education purposes only.

US stocks to trade market analysis is not delivered by a registered financial advisor. All stock picks should be carefully reviewed for suitability by a registered financial advisor. The stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment daily. This trading video on the stock market today is for educational purposes only. This US stocks to trade today for today is for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." ​