To The Moon

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The last session of the week ; The main events of the week; The current market atmosphere; The levels selected for the SPX ; Agenda of the coming week.

SUMMARY FRIDAY

• Technological actions extended the gathering of American actions of the week after a key measurement of inflation cooled last month ...

The $S&P 500(.SPX)$ up 1.4%. This brings his weekly earnings to 3.5%, the maximum since November. It increased by 7% during the quarter, which is the best three -month section of the index in the fourth quarter of 2021.

$NASDAQ 100(NDX)$ of technology ( $NVIDIA Corp(NVDA)$ $Tesla Motors(TSLA)$) won 1.7%, helping to note its biggest quarterly gain since June 2020. For the first quarter, the Nasdaq led the pack with a fairly amazing gain of 16.8% - its best quarter Since the second quarter of 2020. However, it has always been down 24% compared to a record of November 19, 2021 of 16,057.44.

NASDAQ, New bull market...?

$DJIA(.DJI)$ increased by 1.3% on the day and 3.2% over the week. It was the biggest DOW week's winning since the week ending on November 11. He finished the quarter up 0.4%.

MAJOR EVENTS OF THE WEEK

PCE

• The main American clues joined after the last reading of the favorite inflation gauge of the Federal Reserve arrived cooler than expected ...

Good news for the federal reserve as it continues its fight to reduce prices while avoiding a recession ...

The privileged inflation gauge of the Fed - the price of personal consumer expenditure (PCE) - increases only 0.3% in February, which was slightly lower than the median estimate. However, the PCE price index increased by 5% compared to the previous year, which, although January deceleration remains much higher than the 2% Fed objective ...

Overall, it was a series of data compatible with the account of maximum inflation but also with the insistence of the Fed that remains of the work to be done to restore price stability ...

But the expectations of American inflation of the year have further fell, at the lowest since almost two years, according to the reading of the University of Michigan ...

MARKET SCENARIO

• Investors would not seem to believe that the Fed will maintain its key prices raised for a long time.

In the United States, consumer employment and confidence figures remain strong and pricing seems to be securing. In Europe and China, statistics also seem positive. However, central banks maintain a firm position on the risks of inflationary drift, but the message does not really seem to pass ...

The scenario of the blue sky of the moment ... The banking fire has been contained, inflation continues to lower and key interest rates are down in the medium term.

The current context would therefore be favorable to the climb, but with obvious weaknesses. Any destabilizing event, in particular on the front of the financial force, could plunge investors back into an abyss of doubt ... But the story of the moment would be well established and fundamentally, there would be a whole gap between what the majority of investors think and What central banks say.

• Fomo would also be at stake ...

SPX LEVELS

• SPX continues to trade trapped inside the big 3850/4200 Range. Short Term Resistance at 4100, support at 4000.

SPX RANGE

Please find below the levels selected for the SPX (here Last week

• Key level: 4000

• Higher levels: 4100 - 4150 with 4200 in higher resistance

• Lower levels: 3950 - 3900 with 3800 in major support.

SPX Levels

AGENDA

Next week, investors will be careful:

• The ISM manufacturing index (Monday)

• The Services Index (Thursday)

• Jobs in the United States (Friday)

The Chinese markets will end on Wednesday, April 4. The main European markets will be closed for Easter on Friday, April 7, just like London and New York.

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@TigerStars @TigerPM