To The Moon

Following the Federal Reserve's decision to maintain interest rates and signal a shift towards a "higher-for-longer" rate approach to combat rising inflation, Treasury yields, particularly the 2-Year and 10-Year yields, rebounded to close at their highest levels in over a decade. The Fed's adjustment in rate projections was attributed to the strength of the economy, prompting Chair Jerome Powell to emphasize the need for more aggressive rate measures. This surge in Treasury yields placed significant pressure on growth sectors, notably big tech companies like $Alphabet(GOOGL)$ which saw a more than 3% drop, while $Meta Platforms, Inc.(META)$ and $Apple(AAPL)$ also declined by 1%. Today, I will delve into technical analysis to to identify potential buy levels for my long-term portfolio.

$Microsoft(MSFT)$

MSFT Daily Chart

First on the list is Microsoft.

Microsoft has enjoyed a strong uptrend throughout the year, supported by a clear trendline. However, a recent development of the FOMC meeting caused the breakdown of this support, signaling a change in the stock's trajectory. To optimize my allocation, I am particularly interested in increasing my position if the stock price falls within the range of 270-278 and 241-247. These price points are where I plan to add more shares to my portfolio. In the absence of these price ranges being reached, my strategy will involve monthly dollar-cost averaging (DCA) with a smaller allocation.

$Amazon.com(AMZN)$

AMZN Daily Chart

Next on the list is Amazon.

Beautiful rejection as the stock was reaching 146, and the stock has since plummeted 7%. Once again, my levels to increase my allocation is a little far from the current trading price at 101.25-107.10. Despite this, the stock has the potential to test 128-131 which is around August low.

$Alphabet(GOOG)$

GOOG Daily Chart

The concept of "stocks take the stairs up and the elevator down" aptly describes Google's stock price trajectory, which has been steadily ascending in a stair-like manner. Currently, it finds itself perched on the support of one of these metaphorical "stairs," and a potential breakdown from this level is a concern. To optimize my allocation strategy, I'm eyeing the price range of 102-110 as potential entry points, but this would only materialize if the stock takes a sudden "elevator down" plunge. [LOL]  While a part of me wishes for the stock to continue its upward journey, another part anticipates a dip for the opportunity to accumulate more shares. Nonetheless, my strategy remains steadfast: if the price declines, I'm prepared to buy, and if it continues to rise, I'll stick to my monthly dollar-cost averaging approach.

$Tesla Motors(TSLA)$

TSLA Daily Chart

Tesla, a remarkable stock known for its high volatility among mega-cap companies, has consistently led the way in the automotive sector, even in the face of persistent short interest, which stood at 82,093,847 as of August 31st. Examining its chart, Tesla has demonstrated resilience, with its recent decline likely attributable to broader market trends influenced by the Federal Reserve's decisions. I foresee two potential scenarios for Tesla's future.

In the event that the stock manages to break through its current downtrend line, there's a conceivable opportunity for Tesla's price to climb to 300 or potentially even surpass that level.

Conversely, if the stock encounters resistance and breaches the underlying trendline, it could experience a decline. In preparation for this possibility, I am poised to increase my allocation at the price range of 153-177. [DOGE] 

Doctor Strange seeing the future of stock market

In conclusion, the recent actions of the Federal Reserve, signaling a "higher-for-longer" rate approach to tackle rising inflation, have had a significant impact on the financial markets. As markets continue to respond to economic developments and Fed policy, my strategies remain adaptable to capitalize on potential opportunities and navigate the challenges ahead.

Follow @CaptainTiger @MillionaireTiger @TigerStars @Daily_Discussion @Trend_Radar @Tiger_comments @TigerEvents @Tiger_Earnings

Disclaimer: The information provided in this post is for informational purposes only and should not be considered as financial advice. This post reflects my personal opinions and should not be considered as financial advice. Investment is subject to significant risk, including the potential loss of capital. Always conduct thorough research before making any investment decisions.[Observation]