To The Moon

$SPDR S&P 500 ETF Trust(SPY)$ An amazing 103% gain from 3 trades using the key levels posted a few hours before market opens expectinga choppy day on Friday. Have a follow for more wins from trading tips next week! Blessed weekend ahead 🙏 Trade breakouts with levels, VWAP & RSI Financials stocks outperformed on Friday, with the S&P 500 sector the only one trading in positive territory. The sector was up more than 1% during morning trading. Stocks got off to a solid start Friday, boosted by stronger-than-expected quarterly results. Those gains, however, didn’t last. JPMorgan Chase & Co (NYSE:JPM) Chase about 7% after reporting first-quarter results that beat analyst estimates on the top and bottom lines as net interest margin was bolstered by higher interest rates. Citigroup Inc (NYSE:C) and Wells Fargo & Company (NYSE:WFC) also reported better-than-expected results to end the day up 4% and flat, respectively. Pump up the financial sector The recent bank turmoil did, however, have an impact on banks, with JPMorgan and Wells Fargo reporting a 7% and 8% decline in deposits from a year ago, respectively. The Dow was last down 207 points, or 0.6%. The S&P 500 slid 0.5%, and the Nasdaq Composite pulled back by 0.7% in mid-day. Fed Governor Christopher Waller said further rate hikes were still needed to curb inflation, adding that investors shouldn’t “expect rates to fall any time soon.” The hawkish remarks from Waller pushed the United States 2-Year sharply higher as investors upped their bets on further Fed monetary policy tightening ahead just as data showed signs of weakness in the consumer. The report showed “further slowing in consumer spending, but importantly, not a sharp deterioration,” Morgan Stanley said in a note. “The largest declines were driven by a reversal in gas prices, but there was also broad-based weakness across nearly every category of spending,” it added. Not cheap anymore 😅 Part of the dip is simply a function of what’s come before, with the major indices up a lot on Thursday, wrote Adam Crisafulli of Vital Knowledge. Three hawkish headlines are weighing on unfavourable sentiments are: - the Bostic/Fed interview where he calls for a final 25bp hike in May - the ECB/Reuters article about a potential acceleration in the central bank’s QT process - the Michigan sentiment survey for April which revealed a sharp jump in 1-year inflation expectations.” Daily trading tips for my followers 😉 Congrats to those who took the levels posted yesterday: See post: What to expect from financial sector’s earnings: trade SPY or QQQ? The early spike gain strength right at the open hitting the first call level above 415. Trade #1 The price action turn the tide and plunge fast and furious below the put level 2 to 410.5 at mid day. Trade #2 SPY need to stay above 412 for bullish momentum to continue although a gap fill is waiting at 408 as posted in the article. Trade #3 In the week ahead, investors will get more quarterly reports from Bank of America Corp (NYSE:BAC) on Tuesday, Tesla Inc (NASDAQ:TSLA) on Wednesday and Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) and AT&T Inc. (NYSE:T) on Thursday. Analysts are anticipating a more than 10% drop in first-quarter earnings in the S&P 500 communication services, information technology, health care and materials sectors, according to FactSet. Following the March CPI inflation data, Wall Street will get more international economic updates on Monday when the National Bureau of Statistics of China releases its first-quarter GDP growth estimate and on Thursday when the People's Bank of China announces its latest interest rate decision. 🚨 If you find the info useful, I'd appreciate if you could click on 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! 🤑 @Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger