Huge FOMC Meeting
Technology stocks rallied like nothing has happened in the past 1 week. But in actual fact, we had 3 US banks collapsing and Credit Suisse in deep trouble. To make things more complicated, CPI at 6% is still 3 times more than what the Federal Reserve wants to achieve.
So what exactly is driving this tech rally? Let’s discuss more in this video. Also, I will be sharing the option trades that I have made last week, so do watch on if you are interested.
Stocks covered in the video (technical analysis) – SPY, Apple, Tesla, Google, Meta + Option trades on TSLA, GOOGL, BAC
From YouTube
$S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $PROSHARES NASDAQ-100 DORSEY WRIGHT MOMENTUM ETF (QQQA.US)$ $NASDAQ 100 Index (.NDX.US)$ $First Republic Bank (FRC.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ $Alphabet-A (GOOGL.US)$ $Bank of America (BAC.US)$ $E-mini S&P 500 Futures(SEP4) (ESmain.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$ $Invesco QQQ Trust (QQQ.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $USD (USDindex.FX)$ $KBW Nasdaq Bank Index (.BKX.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Netflix (NFLX.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Credit Suisse (CS.US)$ $Alphabet-C (GOOG.US)$ $SVB Financial (SIVB.US)$
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dwarrior : Today likely more people TP before FOMC
Cow Moo-ney OP dwarrior : TP?
Seraphicall : When’s the upcoming FOMC?
Cow Moo-ney OP Seraphicall : 21-22 Mar. Check out my video - it’s stated inside![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Seraphicall Cow Moo-ney OP : Sorry.. I meant the time..
dwarrior : Take profit
Cow Moo-ney OP Seraphicall : Powell speaking on Wed, at 2am SG time (thurs morning)