downtrend?

In response to rising inflation, the Federal Reserve implemented a two-pronged approach:

 * Interest Rate Hikes: The Fed raised the federal funds rate throughout 2022 and early 2023. This makes borrowing more expensive, which can slow economic activity and reduce inflation.

 * Balance Sheet Reduction: The Fed also began reducing its balance sheet by letting its holdings of Treasury bonds mature without reinvesting the proceeds. This reduces the money supply in circulation, putting downward pressure on inflation.

oil above 80, middle east tensions, supply chain disruptions are causing us inflation to remain elevated. recently fed officials reiterate that there is no urgency to reduce fed rate. the market reaction last night was from green to red. 

$SPDR DJIA ETF(DIA)$  $SPDR S&P 500 ETF Trust(SPY)$   $Invesco QQQ Trust-ETF(QQQ)$  pnf charts have confirmed their downtrend with 3 red circles. the next support levels are 370, 476, 404. 

Israel's response to Iran's aggression is a drone strike in Iran. this will spark a war between the two countries. investors likely to run for cover.

do apply automatic investment system where you add shares at each 10% drop or at support zones if you know technical analysis. this way you conserve your capital while the stock is strongly downtrending. do take profit at 10% intervals or at resistance zones if you know technical analysis. this way you have capital to buy the dip. only applies to stocks in an index or warren buffett would approve. bon courage.

merci@TigerStars  @TigerWire  @Asphen  @koolgal  

# 💰 Stocks to watch today?(30 Apr)

Modify on 2024-04-19 11:38

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