To The Moon

Thanks to Tiger for awarding the weekly top prediction for QQQ again. For the week, the S&P 500 (SP500) advanced +2.3%, the blue-chip Dow (DJI) added +2.0%, and the tech-heavy Nasdaq Composite (COMP:IND) climbed +2.9%. The S&P 500 remained flat for the day but boasted a 2.3% increase for the week, marking its most significant weekly gains since December 2023, holding above 5,200 points. It marked its best weekly performance of 2024, snapping a two-week losing streak in the process. Wall Street's bull run was rekindled after the Federal Reserve's updated dot plot stuck to three interest rate cuts this year. Many market participants were fearing much worse, and Fed Chair Jerome Powell further allayed concerns with a relaxed attitude towards recent hot inflation reports. Bull flag pending a breakout early next week The Federal Reserve still expects three interest rate cuts this year, according to its closely-watched dot plot released on Wednesday. That was enough to push Wall Street to fresh record highs, while gold also scored a new record, jumping above $2,200 an ounce. Meanwhile, the FOMC's policy rate remained unchanged at 5.25%-5.50%, but Jay Powell warned that bumpy inflation may mean rates could be restrictive for longer and dialed back on the scope of cuts in 2025 and beyond. The Biden administration is not letting Big Tech out of its sights as it hardens its tough antitrust stance. Last year, the DOJ filed a suit against Google (GOOG) over digital advertising, in addition to a legacy trial focusing on internet search, while the FTC sued Amazon (AMZN) for illegally maintaining a monopoly and targeted Meta (META) in an attempt to unravel its WhatsApp and Instagram acquisitions. Apple (AAPL) finally made the hit list, with the DOJ accusing the iPhone maker of violating antitrust law by monopolizing the smartphone market. The news sent Apple sliding 4% on Thursday, erasing over $110B in market value. Weekly options and futures trades summary 🚨 Subscribe to my trade alerts via Trading Sparks. Please click Like 👍, Comment 💬 & Repost 🔄 this article found at the bottom of your screen. Follow me for the latest news, trading ideas & strategies to ride the market daily with profits! @CaptainTiger @MillionaireTiger @Daily_Discussion @Aqa @Andreana @AyKing @jace0777 @koolgal @mster @Terra Incognita