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SPY Chart done on hourly timeframe. Last week was an eventful week that brought many reputable stocks down to levels not seen in months. There was already uncertainty in markets from earnings and economic slowdowns, but The Fed’s FOMC meeting was the spark that set-off a steep multi-day sell-off. Although The Fed didn’t raise rates, they reaffirmed their willingness to hike rates even higher in 2024 as needed to battle the lingering inflation. The CPI report has shown a month over month increase in inflation over the last three months, and this week we will receive the PCE report, which is The Fed’s preferred inflation gauge. Markets desperately want to see improvement on the PCE index in order to alleviate...

MSFT Chart done on daily timeframe. It is amazing to see a growth company that has existed for so long yet still growing as if customers are just discovering its products. Microsoft is one of those companies that has something special about it and has managed to dominate in its industry despite fierce competition. This dominance didn’t go unnoticed in 2023 as buyers flooded the stock and took it to its recent new all time highs near 367.00, also making it one of the market leaders this year.  Fundamental analysis: Fundamentally, Microsoft is growing immensely. The company’s revenue has more than doubled in the last six years to a massive 212B TTM (trailing twelve months). Many companies grow in revenue,...

SPY Chart done on hourly timeframe. The S&P500 notched another 2023 high last week with the help of Apple after it breached the $3 trillion market cap, the first company to ever do so. Many other companies are trading just below their yearly highs and Apple’s move may encourage bulls to press the gas on buying and move the entire tech sector higher, continuing the uptrend we’ve seen all year. Coming into this week the main focus will be about the labor market. Last month’s unemployment report showed a reading of 3.7% unemployment, up from April’s 3.4%. The small gain in the unemployment percentage isn’t a sign of concern yet, but markets will be monitoring the new report closely for...

  Our full watchlist is exclusive for our premium members. Click the link below to join our community.  https://hyperstocks.org/products/hyper-chat?variant=36739434315939 THESE SET UPS ARE NOT LIMITED TO THIS WEEK, SOME MAY TAKE LONGER TO COME AROUND. ------------------------------------- Marine Shipping / Oil Tankers:  American and European oil tankers are seeing more movement now that they’re cutting off Russian oil. This means new import and export routes will be taken from different countries, naturally bringing more business to companies in this sector that operate out of Europe and the Americas. Here are the names we’ll be focused on this week, but we’re not limited to these specific companies.  FRO Stop loss: 9.10 Price target: Members only Second PT: Members only ------------------------------------- Industrials:  Countries are racing...