Morning Market Analysis 09/18/2024

SPDR S&P 500 ETF Trust (SPY)

Index – USA

Rate cute day. Currently trading sideways between 563-564. Trading direction will depend on few items: any changes in the Fed’s language in the post-meeting policy statement, the growth, inflation, and rate forecasts provided in the Summary of Economic Projections, and Chair Jerome Powell‘s comments during the subsequent press conference.

  • STOCK – ATR: 7.32
  • STOCK – RSI daily: 59.76
  • STOCK – Resistance: 564, 566, 566.58
  • STOCK – Support: 563, 560

Bitcoin (/BTC)

Cryptocurrency – N/A

Consolidating near the daily 200 SMA. Action might be dependent on Fed.

  • STOCK – ATR: 2866.61
  • STOCK – RSI daily: 51.45
  • STOCK – Resistance: 6000
  • STOCK – Support: 59500

Intuitive Machines (LUNR)

Aerospace – Texas USA

Award NASA contract. Recently consolidated near 5.50. Previous recent high 13.25

  • STOCK – ATR: 0.54
  • STOCK – In Play Catalyst: Positive News
  • STOCK – RSI daily: 55.22
  • STOCK – Resistance: 8.20, 9, 9.50, 10
  • STOCK – Support: 8, 7.5, 7
LUNR 5m 09/18/24

Palantir Technologies (PLTR)

Software – Colorado USA

Volatility continues. Bit of a gap down in premarket near 36.

  • STOCK – ATR: 1.40
  • STOCK – In Play Catalyst: Continuation
  • STOCK – RSI daily: 75.62
  • STOCK – Resistance: 36, 36.5, 27
  • STOCK – Support: 36, 35.5, 35

Applied Therapeutics Inc Com (APLT)

Biotechnology – New York USA

FDA states an advisory committee no longer required. Recently test 200 daily SMA, now at previously consolidation around 6.50.

  • STOCK – ATR: 0.44
  • STOCK – In Play Catalyst: Positive News
  • STOCK – RSI daily: 33.05
  • STOCK – Resistance: 6.75, 7, 7.45
  • STOCK – Support: 6, 5.5
APLT 1m 09/18/24