Peace Deal, Firm Fed, Internal Cracks in the SPX
U.S. equities closed the week with gains, as investors weighed a firm Federal Reserve stance against a landmark interim agreement between the United States and Iran. The $S&P 500(.SPX)$ advanced 0.9% to 7,500.6.
The Federal Open Market Committee, under new Chair Kevin Warsh, held benchmark rates in the 3.5% to 3.75% range and signaled no near-term intention to ease. The decision briefly rattled markets midweek before equities recovered and pushed higher. In the corporate arena, $SpaceX(SPCX)$ reversed from our $225 level on Tuesday, the stock closed the week in 185, securing a valuation of $2.4 trillion.
Across asset classes, the U.S. Dollar Index held near a one-year high of 100.7 as currency markets absorbed the rate outlook. Investors and traders must consider a multi-month bullish move as the setup for DXY suggests. Gold logged a third consecutive weekly decline, trading between $4,150 and $4,172 per ounce expectation for a bounce occurred reaching the target, but a stronger USD makes gold more expensive to buy, which causes demand and prices to drop.
Crude settled near $76.5, with supply concerns offset by progress on the geopolitical front. Looking ahead, the focus shifts to the PCE price index, final Q1 GDP figures, and earnings from $Micron Technology(MU)$ and $FedEx(FDX)$ .
High Probability Setups
Each week, I assess the technical conditions for a set of megacaps and high-volume assets available in the options market. The analysis is presented as a blueprint with specific targets and invalidation levels to protect capital.
If you follow assets like SPX, $Invesco QQQ(QQQ)$ $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$ , this publication covers charts and levels for all of them across three posts per week. The same applies if you prefer $Microsoft(MSFT)$ $Apple(AAPL)$ $iShares Bitcoin Trust(IBIT)$ $Alphabet(GOOG)$ to name a few.
Since the watchlist spans different sectors, LLY, WMT, JPM, V, IWM, and more, you can also rotate your focus toward the setups most likely to reach their targets.
This creates a consistent roadmap for both long-term investors and active traders. We have tracked multi-week moves in $Apple(AAPL)$ $Eli Lilly(LLY)$ GOOG, Bitcoin for investors, and setups with a 4% weekly move for traders.
With that said: the bullish targets for $JPMorgan Chase(JPM)$ $SPDR Gold ETF(GLD)$ $Wal-Mart(WMT)$ $Amazon.com(AMZN)$ $Meta Platforms, Inc.(META)$ IBIT 🎯, and GOOG 🎯 were all reached during the week, and so was the bearish target for LLY 🎯. The bullish reversal for MSFT did not play out, nor did the bearish one for AAPL, that puts the week at an 80% success rate for the setups I highlighted as more likely to reach their targets. Anyway, subscribers focused on QQQ or SPY also saw those securities reach the specific bullish targets posted in last week’s Blueprint while subscribers who like TSLA, they saw the loss of the key weekly level.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
