CLEAR SKIES ABOVE...? FOMC Day + Interesting Charts $AMD $AMZN $SPY $SPX $TTD $NQ

CLEAR SKIES ABOVE...? 

FOMC Day & Charts to Watch

Key Takeaways: 

• The Federal Reserve raised interest rates again today +25bps.
• Powell signaled that they will likely raise rates again at next month's meeting. 
• Markets sold off initially, but rallied into the close --> bullish
• Earnings not that bad + stocks reacting positively to bad news

What's all this mean?  At least short term, markets look like they are poised to continue to move higher. Let's take a look at some charts of interest that give us a pretty good idea of what we can expect in the short term. 

 I posted these charts in our Discord server on January 27, 2023.  I'll post the updated, as of today charts along with those from January 27th. 

I'll start with $SPX and $SPY:

NASDAQ:

A few other interesting charts:

$AMD

$AMZN

$TTD

UPDATED CHARTS AS OF FEB 1 2023:

Bunch of other stocks, ETF's, sectors, and markets are looking good for opportunities. Tune into the live stream or check out our videos on YouTube for more charts, stocks, and analysis.

See you next time!

JW

Join us live during trading hours and trade with me!

https://www.twitch.tv/simplyderivativetrading

https://www.youtube.com/@simplyderivativetrading