ClearValue Team Insights
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SPY Facing Resistance at $600
SPY is starting to form a rejection at the yellow resistance line around $600 as we approach Thanksgiving Day. I think there’s likely to be a drop down to around $590s for now, it’s possible to rebound back up the yellow trendline after a pullback. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreRDDT Likely to Selloff for a Buy Opportunity
RDDT has been very hot since IPO launch, and continues to perform very well after a strong earnings announcement last quarter. I think RDDT is likely to selloff and present a buy opportunity over the next few weeks, which will be a good opportunity to track. I would give RDDT some time for now, but […]Read More
QQQ Rejected at $509.83 Resistance Level
QQQ continues to experience volatility as we approach Thanksgiving Day. As a reminder the stock market is closed on Nov. 28 and closes early (1 PM EST) on Friday. Usually traders just exit the market and enjoy the holidays so there’s likely to be a selloff. We are starting to see a rejection forming at […]Read More
COIN Trading Near $283.55 Support
COIN is trading above a $283.55 resistance level, attempting to flip it into support. I think there could be dips below $283.55 for buy opportunities. I don’t think we’ll find support right away at $283.55, likely a dip lower first. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreRIVN Trading Range & Unfavorable Seasonality
RIVN is trading within a range under the red resistance line, and has a green buy zone between $8.23 and $10. I would look for buy opportunities in the green buy zone for all entries. For swing trading, there are nine swings from the green buy zone to the red resistance line, which gives a […]Read More
Air Canada ($AC) Attempting a Bullish Breakout
AC has been trading within a range between the yellow trendlines, and has started to form a bullish breakout above $24. There has already been a successful retest of the upper yellow trendline, and AC is attempting to start a rally here. I have $52.78 as my key resistance level ahead, I think AC could […]Read More
AMD Trying to Hold Above $133 Support
In my previous updates I discussed how AMD has lost support in the light blue channel, and has really struggled to climb back into the channel. Despite this bearish price action, AMD is also starting to build some support around $133 at the white trendline. I think there’s a chance AMD has a brief rally […]Read More
RGTI Hit $3.47 Resistance
RGTI has reached my resistance target at $3.47, and there has already been some selling at this price level. I would be cautious of a selloff here, I think RGTI likely has a pullback in the short term.
Read MoreSPY Trading Near $601 Resistance
SPY continues to trade near resistance around $601, and has already formed numerous rejections this week. SPY is currently trading above the yellow resistance line, and I would monitor to see if the price remains above $600.83. So far SPY is looking bullish and could trade above $600 for the day.
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The Fed’s September 2024 Rate Cut: Key Takeaways
On September 18, 2024, the Federal Reserve made its first 50 basis point (bps) rate cut since 2020, signaling a shift in monetary policy. While the economy is described as “strong overall,” the Fed has justified the cut as a proactive measure to sustain growth and control inflation. Key Points from the Fed’s Decision Powell’s Statement on the […]Read More
Extreme Volatility During FOMC Announcement
Today there will be an FOMC announcement around 11 AM PST. The markets are divided by whether Powell will cut by 25 or 50 bps. I’ve mentioned that I think there will be a 50 bps cut. We’ll hear the results soon. QQQ Trading Under $475.20 Resistance The market is likely to have a big […]Read More
Analyzing 50 Basis Point Rate Cuts in 2001 and 2008
1. Federal Reserve – 2001: 50BP Cut (Jan 3) → Recession (Mar–Nov 2001) Background: The Event: Consequences: 2. Federal Reserve – 2007: 50BP Cut (Sep 18) → Recession (Dec 2007–Jun 2009) Background: The Event: Consequences: The Fed’s Continued Actions: Long-term impacts: Broader Reflection on U.S. Monetary Policy: Follow me on social media: https://linktr.ee/realchartchamp
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