How To Trade SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA
Good Morning Traders! Today’s economic calendar remains relatively limited, with the primary focus on the September Preliminary S&P Global Manufacturing, Services, and Composite PMIs at 9:45AM ET. These reports should provide the cleanest fresh read on current business activity across both the manufacturing and services sides of the economy. Traders will be watching not only the headline activity measures, but also whether strength or weakness appears broad based and whether the data changes the market’s view of growth following last week’s FOMC decision. The remainder of the session is lighter. Crude Oil, Gasoline, and Distillate Inventories arrive at 10:30AM ET, followed by the 2 Year FRN Auction at 11:30AM ET and the 5 Year Note Auction at 1:00PM ET. With rates still an important driver for equities, the afternoon Treasury auction could create a second volatility window if demand materially surprises expectations. Fed Governor Barr also participates in a fireside chat shortly after the PMI release at 10:05AM ET. With markets still digesting the Fed’s recent rate hike, any comments surrounding inflation, growth, or financial conditions could influence Treasury yields even in an o
Good Morning Traders! Today’s economic calendar remains relatively limited, with the primary focus on the September Preliminary S&P Global Manufacturing, Services, and Composite PMIs at 9:45AM ET. These reports should provide the cleanest fresh read on current business activity across both the manufacturing and services sides of the economy. Traders will be watching not only the headline activity measures, but also whether strength or weakness appears broad based and whether the data changes the market’s view of growth following last week’s FOMC decision.
The remainder of the session is lighter. Crude Oil, Gasoline, and Distillate Inventories arrive at 10:30AM ET, followed by the 2 Year FRN Auction at 11:30AM ET and the 5 Year Note Auction at 1:00PM ET. With rates still an important driver for equities, the afternoon Treasury auction could create a second volatility window if demand materially surprises expectations. Fed Governor Barr also participates in a fireside chat shortly after the PMI release at 10:05AM ET.
With markets still digesting the Fed’s recent rate hike, any comments surrounding inflation, growth, or financial conditions could influence Treasury yields even in an otherwise quiet session. Overall, today’s PMI data should remain the main macro checkpoint, while yields, technical positioning, and technology leadership will likely determine whether any move develops into a broader trend. Now, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. 00 as markets continue through a relatively quiet week with today’s main macro focus on the September Flash PMIs.
00 if momentum builds. 00 would reinforce the short term bullish structure and suggest buyers remain comfortable adding exposure near recent highs. 00. 00 region into focus.
With limited data outside the PMI release, Treasury yields and the 5 Year Note Auction could have a greater influence on intraday direction than usual. 50 and continues to show strong momentum as technology remains one of the market’s primary leadership areas. 50 if momentum strengthens. 50 would indicate continued institutional demand across growth stocks.
00. 00 region into play. Treasury yields should remain particularly important around both the PMI data and the afternoon 5 Year auction. Apple Inc.
50 and continues to demonstrate strong relative performance. 00 if momentum builds. 25 would reinforce the bullish short term structure. 50 quickly.
50 region into focus. Continued outperformance against QQQ would remain a constructive indication of institutional demand. Microsoft Corp. 50 and remains above the psychologically important 500 level.
00 if momentum builds. 25 would reinforce the recovery and continued institutional sponsorship. 50. 50 region into play.
Holding above 500 remains the clearest near term signal that buyers continue to control the immediate structure. 75 and remains an important leadership gauge for semiconductors and the broader technology complex. 25 if momentum strengthens. 50 would indicate continued upside expansion and stronger semiconductor participation.
75 quickly. 75 region into focus. NVDA’s participation should remain an important confirmation signal for any broader QQQ move. 00 and continues attempting to build on its recent stabilization.
00 if momentum improves. 50 would reinforce the developing recovery. 00. 00 region into play.
Continued participation alongside QQQ would strengthen the case that GOOGL’s relative performance is improving. 00 and remains one of the strongest mega cap names in the market. 00 if momentum builds. 00 would reinforce the bullish structure and continued institutional demand.
50. 50 region into focus. META’s continued outperformance remains one of the stronger relative strength signals within large cap technology. Tesla Inc.
00 and continues to maintain strong momentum within its recent recovery. 00 if momentum continues. 50 would reinforce bullish momentum and indicate continued speculative demand. 00 quickly.
00 region into play. With today’s macro calendar relatively light, technical positioning and broader risk appetite could have greater influence on TSLA. Final Word: Good luck and trade safely! Disclaimer: This article is from an unpaid external contributor.
It does not represent ’s reporting and has not been edited for content or accuracy.