FED Day – Stay Away

Magnificent 7 - AMZN

Hey Market Timer!

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News Buzz

  • Bets on wild stock market swings boom as traders face most uncertain FED rate decision in recent history.

  • Record wagers on FED cut at risk if FED does not go big.

  • Gundlach sees a half-point rate cut with FED ‘Behind the Curve.’

  • Intel’s stock may post its biggest two-day gain in 22 years on upbeat foundry moves.

  • Do not let Intel’s stock pop fool you: ‘Things are likely to remain a struggle,’ analysts say. 😊

As I said multiple times: ‘Be careful trading news.’

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AMZN, Then

  • Below is what we posted about AMZN in May. 

AMZN Now

  • The daily cycle composite still shows strength into October.

  • The weekly cycle composite shows a significant cycle low in 2026, just as many other stocks and market indexes. 

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Market Summary

As of close on 17 September, 2024

What Has Been

  • Asia was mixed, and Europe and the U.S. were mostly green.

  • Dow declined 15.9 points or -0.04% to 41,606.18

  • S&P 500 advanced 1.49 points or 0.03% to 5,634.58

  • Nasdaq advanced 35.93 points or 0.2% to 17,628.06

  • Russell 2000 advanced 16.3 points or 0.74% to 2,205.47

What’s Next . . .

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