Invesco QQQ Trust Series 1 (QQQ)
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How To Trade SPY, Top Tech Stocks As Market Awaits CPI Data
Benzinga· 2025-10-24 12:39
Market Overview - The Consumer Price Index (CPI) for September is set to be released at 8:30 AM Eastern, which is expected to significantly influence monetary policy expectations and could lead to market volatility if it deviates from forecasts [1] - Updated readings on Manufacturing, Services, and Composite PMIs for October will be released at 9:45 AM Eastern, providing insights into economic momentum following the Federal Reserve's policy stance [2] SPDR S&P 500 ETF Trust (SPY) - SPY opens at 673.75, with potential upward movement towards 675.00, 676.20, and possibly 677.40 if bullish momentum continues [4] - If SPY falls below 673.75, it may decline to 672.45, with further downside risks reaching 671.15 and 669.95 [5] Invesco QQQ Trust Series 1 (QQQ) - QQQ starts at 613.75, with upward targets at 614.90, 616.05, and 617.20 if bullish sentiment prevails [6] - A drop below 613.75 could lead to declines towards 612.50 and 611.30, with further weakness potentially reaching 610.10 [7] Apple Inc. (AAPL) - AAPL opens at 260.50, with potential upward movement towards 261.45, 262.40, and 263.35 if the stock holds above its recent higher base [8] - If AAPL slips below 260.50, it may decline to 259.55, with further downside risks reaching 258.60 and 257.65 [9] Microsoft Corp. (MSFT) - MSFT begins at 521.75, with upward targets at 522.95, 524.20, and 525.40 if bullish momentum continues [10] - A break below 521.75 could lead to declines towards 520.55 and 519.35, with heavier downside risks reaching 518.10 [11] NVIDIA Corporation (NVDA) - NVDA opens at 183.25, with potential upward movement towards 184.30, 185.35, and 186.40 if accumulation continues [12] - If NVDA loses 183.25, it may decline to 182.20, with further downside risks reaching 181.15 and 180.10 [13] Alphabet Inc Class A (GOOGL) - GOOGL starts at 256.25, with upward targets at 257.20, 258.15, and 259.10 if the stock maintains its positive tone [14] - A failure to hold above 256.25 could lead to declines towards 255.25 and 254.20, with deeper selling risks reaching 253.15 [15] Meta Platforms Inc (META) - META opens at 737.50, with potential upward movement towards 739.70, 741.85, and 744.00 if bullish sentiment remains strong [16] - If META falls below 737.50, it may decline to 735.35, with further downside risks reaching 733.20 and 731.10 [17] Tesla Inc. (TSLA) - TSLA begins at 446.25, with upward targets at 447.85, 449.45, and 451.00 if buyers build a firmer base [18] - A drop below 446.25 could lead to declines towards 444.65 and 443.05, with heavier downside risks reaching 441.50 [19]
Trading SPY, Top Tech Stocks Using Technical Analysis
Benzinga· 2025-09-15 13:29
Economic Overview - The economic calendar for September 15, 2025, is light, with the Empire Manufacturing data released at 8:30 AM ET, typically having a modest impact on the market [1] - The Treasury's 3-Month and 6-Month Bill Auction at 11:30 AM ET may cause minor yield adjustments but is not expected to have a major influence [1] Market Volatility - The week is anticipated to be volatile due to the FOMC rate decision, contract roll week, and triple witching on Friday, which could lead to significant market swings [2] - Traders are expected to position themselves for these events, potentially resulting in sharp market movements driven by anticipation or breaking news [2] SPDR S&P 500 ETF Trust (SPY) - SPY is currently at 658.00, a strong support level, with a target to rise to 658.50, a resistance level that has shown resilience [3] - If SPY surpasses 658.50, it may reach 659.29, with a top target of 660.99 [3] - If selling pressure emerges, bears could challenge 657.44, with further declines potentially reaching 654.41 and 652.86 [4] Invesco QQQ Trust Series 1 (QQQ) - QQQ is positioned at 587.00, a critical pivot point, with bulls targeting 587.50 as a firm intraday support [5] - If the upward trend continues, the next resistance level is 588.91, with a potential rise to 590.29 and a top target of 591.59 [5] - Should 587.00 falter, bears may target 586.15, with further declines possible down to 581.86 [6] Apple Inc. (AAPL) - AAPL is at 236.00, a resilient support level, with bulls aiming for 236.50 as the next resistance [7] - If momentum builds, AAPL could reach 237.13, with a top target of 238.76 [7] - If 236.00 weakens, bears may target 235.72, with further declines potentially reaching 231.36 [8] Microsoft Corp. (MSFT) - MSFT is grounded at 505.00, a notable support level, with bulls looking to advance to 505.50 [9] - If it climbs above 505.50, the stock could reach 506.57, with a daily peak target of 508.01 [9] - Should 505.00 slip, bears might test 504.10, with further pressure potentially dropping it to 498.89 [10] NVIDIA Corporation (NVDA) - NVDA is situated at 175.00, a key level attracting trader interest, with bulls targeting 175.50 [11] - If the upward trend strengthens, NVDA could rise to 176.13, with a highest mark of 177.91 [11] - If 175.00 cannot hold, bears may aim for 174.92, with further declines potentially reaching 170.49 [12] Alphabet Inc Class A (GOOGL) - GOOGL is fixed at 243.00, a support level with historical significance, with bulls planning to rise to 243.50 [13] - If it breaks through, the next target is 244.29, with strong buying potentially stretching to 245.42 [13] - If 243.00 softens, bears may hit 242.39, with further declines potentially reaching 239.55 [13] Meta Platforms Inc (META) - META is braced at 757.00, a solid base, with bulls targeting 757.59 as the next resistance [14] - If it holds, the next aim is 758.13, with robust buying potentially lingering near 759.59 [14] - If 757.00 wavers, bears might test 753.59, with further declines potentially reaching 749.13 [14] Tesla Inc. (TSLA) - TSLA is set at 426.00, a significant level for bullish moves, with bulls eager to push toward 426.50 [15] - If it breaks through 426.50, buyers might nudge it to 427.29, with a top target of 427.15 [15] - If 426.00 weakens, bears could test 424.44, with further declines potentially reaching 418.86 [16]
How To Trade Spy, And Top Tech Stocks As July CPI Takes Center Stage
Benzinga· 2025-08-12 12:36
Good Morning Traders! All eyes are on this morning's release of the July Consumer Price Index at 8:30AM ET, the most anticipated economic report of the week. The CPI data will give the market a clearer read on the current inflation trend and how it might influence the Federal Reserve's policy outlook. Real Average Hourly Earnings for July will be published at the same time, adding another layer to the inflation and wage growth picture. Together, these numbers can shift market sentiment in an instant. At 10A ...