How To Trade SPY And Top Tech Stocks Ahead Of Powell's Speech
Benzinga·2025-04-16 13:35

Market Overview - The Morning Memo highlights key stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, with proprietary price levels provided for each [1][2][18]. SPDR S&P 500 ETF Trust (SPY) - SPY is trading near 534.17, with bullish targets set at 535.43, 536.31, and a session high of 540.07 [2]. - If SPY fails to hold 534.17, support levels to watch are 532.56, 531.57, and a bearish target of 528.66 [3]. Invesco QQQ Trust Series 1 (QQQ) - QQQ is around 452.14, with bullish continuation requiring a hold above 454.10, targeting 455.29 and a peak of 458.83 [4]. - Bearish pressure could push QQQ down to 450.98, with further targets at 449.36 and a bearish bottom of 445.43 [5]. Apple Inc. (AAPL) - AAPL is positioned at 200.53, with bullish targets at 202.29, 203.48, and a high of 204.33 [6]. - If 200.53 fails, support levels include 198.79, 197.69, and a bearish target of 195.67 [7]. Microsoft Corp. (MSFT) - MSFT is near 381.64, with bullish targets at 382.69, 384.57, and a maximum upside of 389.29 [8]. - If it cannot hold 381.64, support levels to watch are 379.50, 377.72, and a bearish target of 375.93 [9]. NVIDIA Corporation (NVDA) - NVDA is trading close to 105.23, with bullish targets at 106.30, 107.51, and a peak of 112.54 [10]. - If 105.23 is breached, support levels include 103.96, 102.55, and a bearish target of 99.87 [11]. Alphabet Inc Class A (GOOGL) - GOOGL is trading near 152.94, with bullish targets at 153.93, 154.95, and a peak of 157.41 [12]. - If 152.94 fails, support levels include 151.24, 150.41, and a bearish target of 149.58 [13]. Meta Platforms Inc (META) - META is around 512.85, with bullish targets at 515.39, 520.27, and a peak of 534.33 [14]. - If 512.85 is lost, support levels include 508.25, 504.54, and a bearish target of 500.83 [15]. Tesla Inc. (TSLA) - TSLA is trading around 250.25, with bullish targets at 252.38, 254.28, and a high of 259.81 [16]. - If 250.25 cannot hold, support levels include 248.37, 246.16, and a bearish target of 243.98 [17]. Economic Indicators - Key economic indicators to be released include Advance Retail Sales, Manufacturing Production, and the Bank of Canada's Interest Rate Decision, which may influence market dynamics [18].