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SPY Slightly Bearish Headed Into FOMC
The markets are slightly red today as we approach an important FOMC decision tomorrow. I think we are likely to see some sideways price action until the Fed decision. There is a 99%+ chance of another pause, but investors will pay close attention to the Fed’s future guidance tomorrow. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreEli Lilly (LLY) Weight-Loss Drug Surpasses Expectations
Eli Lilly is experiencing a significant surge following its latest earnings report, which highlighted the impressive performance of its weight-loss drug, Zepbound. On Tuesday, the company’s stock price climbed over 4% to $771.25, reflecting investor enthusiasm for its recent achievements. Zepbound’s sales for the March quarter reached an impressive $517.4 million, surpassing Wall Street’s expectations […]Read More
Cheers to the SNAP Gains, Volatility Ahead
Patience has paid off for those who bought the SNAP dip. There was a strong post-earnings rally and SNAP is now trading above $14 price levels. I have $17.53 and $23.61 as key long-term price targets to consider. TrendSpider’s seasonality index suggests that $SNAP is likely to have some volatility over the next few months. […]Read More