U.S. index futures are modestly higher at the start of this new week as the rate cut euphoria fades and traders look ahead to the next key catalysts.
SPDR S&P 500 ETF Trust (SPY)
Index – USA
Currently trading near 569, just above the last day close of 568. The last 2 trading days had higher volume due to the rates cut decision and immediate short term trades. This week will likely see position for longer term bets.
- STOCK – ATR: 7.52
- STOCK – RSI daily: 61.70
- STOCK – Resistance: 569, 570, 572
- STOCK – Support: 569, 568, 567.75
Bitcoin (/BTC)
Cryptocurrency – N/A
Modestly above the 200 daily SMA. Perhaps a little bit up with the general market amid rate cut decisions. Currently trading below VWAP.
- STOCK – ATR: 2865
- STOCK – RSI daily: 58.49
- STOCK – Resistance: 64000, 65000
- STOCK – Support: 63400, 63000
Intel (INTC)
Semiconductors – California USA
Gapping on a report that the chip maker has received an investment offer of up to $5 billion from Apollo Global Management. Still long way to go to fill the gap created from poor earnings.
- STOCK – ATR: 1.17
- STOCK – In Play Catalyst: Positive News
- STOCK – RSI daily: 53.70
- STOCK – Resistance: 22.5, 23
- STOCK – Support: 22, 21.5
Nuvve Holding (NVVE)
Electrical Equipment – California USA
Gapping up this morning, possibly squeezing recent short positions. Mirco float so it will most likely see big volatility today.
- STOCK – ATR: 0.81
- STOCK – In Play Catalyst: Technical Breakout
- STOCK – RSI daily: 40.0
- STOCK – Resistance: 7.6, 8
- STOCK – Support: 7, 6
