SPY - gapping up into the top of the multi-day wedge top to 394.00 on news that the FED is CONSIDERING the option to backstop all distressed US bank deposits. This is effectively a bailout and another form of QE to increase liquidity. This also means that the fed's year end terminal rate could be more like 4.75 rather that 5.25, which bods well especially for tech.
AMZN - look juicy over 101. it will need to move a full ATR o $3 to get there but if we can position near the LOD and we see a trend day in tech, this could easily make it there and trade higher. For a trend day we'll need to see the ADD pinned near +2000 and VVOLD ratio over 3.
ON - with strength in semis, ON looks prime from a breakout if it can hold over 80.85
Banks: WAL, ZION, PACW Central bank backstopping national banks hasn't proven to be a catalyst yet for regional banks. All are stuck in a tight channel atm. But if we can start to see these names holding near the highs of the channel, potential for a BO.
Gold Miners GOLD - losing momo as risk on assets become more attractive - GOLD looking at 17.50 for support.
Crypto: RIOT $ Held 8.00 nicely PD. waiting for a pullback into support of 8.25 to structure a long. Need to see buyers step in at this level immediately.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.