Stock Market Technical Analysis Today - 9-8-24

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The stock market technical analysis today shows that the markets crashed lower last week with all major indices down ~4-6%. The VIX (fear index) spiking higher for the week by 49%. Fear continues to rise.

Economic Indicators: Positive employment and inflation data buoyed investor sentiment. This economic feedback suggested a potential easing of monetary policy, with expectations leaning towards a Federal Reserve interest rate cut in September. This anticipation was based on economic indicators showing inflation cooling while the economy continued to grow, aligning with Wall Street's hopes for a scenario where economic resilience drives corporate profits higher.

Sector Movements: Tech stocks, particularly Nvidia, led the charge with significant gains, indicating a market rotation towards growth sectors. However, sectors like real estate, utilities, and health care underperformed, suggesting a shift in investor focus towards technology and growth-oriented companies.

Global Markets: The positive momentum wasn't confined to the U.S.; global equities also saw gains, and there was a noticeable recovery in multi-asset investments, including bonds, reflecting a broader market optimism.

Looking Ahead: Investors are keenly watching for Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium for further insights into monetary policy, especially regarding interest rate adjustments. This week's economic releases and corporate earnings could further sway market directions.

Market Sentiment: Despite early volatility, the week ended on a high note, driven by economic data suggesting a softening in inflation pressures without a significant downturn in economic growth. This scenario has fueled hopes for a "soft landing" where inflation is controlled without pushing the economy into a recession.

Stock market technical analysis today shows that the markets may be ready to continue to drop next week.

#stocktrading #technicalanalysis #investing

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DISCLAIMER: This US stock market technical analysis today trading video is on advanced technical analysis on the US stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

This US stock market technical analysis today trading video is on advanced technical analysis on the stock market this week and any stocks mentioned are for you to research after consulting with a registered investment advisor.

All of Grok Trade's technical analysis videos are for educational purposes only. Our videos are not delivered by a registered financial advisor.

All securities mentioned in this stock market trading video should be carefully reviewed for suitability by a registered financial advisor. And please keep in mind that our stock market 2023 stock predictions are simply a guess, and the stocks to watch this weekend are not a recommendation to buy or sell. As mentioned and to make sure there is no confusion, the US stock market technical analysis this week dives deep into technical analysis to help traders choose market sentiment and is not an endorsement to buy or sell any security. Our next 3-Day Intensive 301 Mentorship is coming up soon. Click the link above and choose to be trained by a savvy trader through Grok Trade's mentoring program.

The stock market technical analysis this week may have stocks to trade but any mention is strictly for educational purposes only. Again, we are required to say, "Always seek out a financial advisor." d7 called the 2008 and 2022 market crash, but there is never any guarantee of calls made by anyone include any Grok Trade mentor. This stock market trading video is on advanced technical analysis on stocks to trade after consulting with your investment advisor. These technical analysis videos are for education purposes only.