To The Moon

This week's chart action hinges on data, geopolitics, earnings, and the Fed's tone. Here's your tactical breakdown:

📅 Key Events to Watch

Fed Meeting (June 17–18): No rate cut expected, but all eyes on Powell-s tone. Will he hint at tapering or inflation concerns?

G7 Summit Wrap-up (June 15–17): Watch for US-China trade rhetoric and any joint currency/inflation comments .

Retail Sales & Initial Jobless Claims (June 19–20): Signals on consumer health and economic resilience. Retail sales steady ≠ bullish, but weakness could spook markets .

🚨 Geopolitical & Macro Risk Drivers

Middle East conflict escalation— Israel–Iran tensions remain a wildcard. Rising oil could breathe life into energy stocks, drag on growth assets .

Bank stress test results (June 27): Not in the week ahead, but stress expectations could build. Systemic risk watch begins early .

🔧 Strategic Reads by Index

S&P 500 (SPY) & Nasdaq (QQQ)

Earnings backdrop: Q2 earnings growth trimmed to ~+4.9%, lowest since Q4 2023 .

Tech leadership: QQQ may remain resilient if Magnificent Seven beat expectations.

Volume/Volatility: Expect choppiness around the Fed—balanced fades or bursts likely.

Dow Jones (DIA)

Cyclicals in play: Industrial and energy stocks could outperform amid geopolitical risk.

Earnings circuit: Look for Boeing, Caterpillar, or GE for headline catalysts.

📈 Tactical Trade Ideas

Fed Fade Setup: If Fed remains cautious → long QQQ/QQQ call spreads fading initial dovish pop.

Geopolitical Hedge: Long XLE (energy ETF) or individual oil majors if Middle East tension escalates.

Income Play: Select dividend-heavy Dow names (KO, JNJ) for defensive rotation.

📊 This Week Event Calendar

📈 SPY and QQQ Recent Performance

X-axis (horizontal) represents time, spanning the past 5–10 trading days (intraday or daily candles), unlabeled for visual simplicity.

Y-axis (vertical) represents price movement or percentage change, showing relative performance trends between SPY (S&P 500 ETF) and QQQ (Nasdaq-100 ETF)

⚖️ Risk Tracker

Risk Potential Impact

Hawkish Fed Sharp pullback in SPY/QQQ; rotation to bonds

Trade tensions Volatility spike; defensive assets bounce

Soft earnings QQQ underperformance, possible correction

✅ Bottom Line

This week promises fireworks—but not fireworks you can just chase.

SPY & QQQ: Likely range-bound unless Powell pivots radically.

DIA: Could be a relative safe haven—heavy on dividends and cyclicals.

Volatility trigger: Keep VIX or short‑dated puts ready.

🚀 What I'll Be Doing:

Scaling into QQQ call spreads for a neutral-to-bullish tilt.

Adding energy exposure (XLE or oil majors) as precautionary hedge.

Staying liquid around Fed press conference, trimming the position on dovish surprise.

🧭 Trade smart, stay nimble, and read the tone—not just the headlines.

#SPY #QQQ #DIA #FedMeeting #G7 #Earnings #Geopolitics #TradeWiselyComrades

I'm not a financial advisor. Trade wisely, Comrades!