hyperstocks

SPY Levels and Focuses

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Analysis done on daily candles. Markets posted their best performance in months last week following the Federal Reserve's announcement to officially raise interest rates by the expected amount of .25% to .50%. This was a number markets have been expecting since end of 2021 so it didn't come as a surprise, which also resulted in a relief rally leading into the weekend. The move back from the markets carried the strongest momentum we've seen in recent rallies which is a good sign going into this week. Although Russia-Ukraine tensions are still high, investors are more focused on the monetary policies within our own economy so the approach from the Fed to raise rates to battle inflation is a good thing for American markets and investors. Looking at the week ahead we don't have many significant events or reports coming so the focus will be on the sectors and industries that saw the strongest relative strength last week. The overall market rally moved many names in the small and mid cap sectors into attractive territory so opportunities are looking plentiful.

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