S&P 500 & SMH Hit Records Just Before FOMC 🚀 Sell The News Event?

Video Description

Welcome to Trading The Close! Today was a volatile rollercoaster that saw the S&P 500 hit yet another All-Time High at the open, only to be met with immediate profit-taking. We break down the technical significance of the three 10-minute topping tails that appeared before the Fed even spoke—a clear signal that the "smart money" was de-risking. 🏛️ FOMC Statement: The 2% Inflation Grind. As expected by some but disappointing to many, the Federal Reserve held interest rates steady today. Chairman Powell reiterated the Fed's unwavering commitment to the 2% inflation target, noting that while unemployment has stabilized, inflation remains too elevated to justify a cut. We analyze the intraday reversal and what the "higher for longer" narrative means for your 2026 portfolio. 📉 Carvana ($CVNA) Meltdown & Starbucks ($SBUX) Fade. The $1 Billion Allegation: Carvana was the story of the day for all the wrong reasons. A damaging short-seller report alleged that the company incorrectly reported earnings by over $1 Billion in 2023 and 2024. $CVNA tanked over 20% intraday. We look at the chart to see if there is any floor in sight. Starbucks Rug Pull: $SBUX$ reported earnings and initially ripped over 9%. However, the rally was short-lived as the stock gave back nearly all of those gains during the intraday decline. We identify the technical resistance that choked this rally. 🚀 Memory Super-Cycle & Intel’s Revenge. STX Leads the Pack: Seagate ($STX) reported stellar earnings, proving the AI data center demand is still accelerating. This lifted the entire sector, including Western Digital ($WDC) and SNDK. Intel ($INTC) Bounce: After a period of underperformance, Intel finally caught major technical support and surged over 10% today. We provide the technical levels to watch to see if this move has legs or if it's just a "dead cat bounce." 🎯 Tickers and Markets Covered Today: Indices & ETFs, Individual Stocks, Commodities & Crypto: SPX, QQQ, SMH, IWM, CVNA (-20% Scandal), Bitcoin, INTC (+10% Surge), Gold & Silver, SBUX (Earnings Fade), US Oil, STX, SNDK (Memory Win), Natural Gas. Disclaimer: This show is for educational and entertainment purposes only. The information provided is not financial advice. Trading stocks and options involves substantial risk, and you can lose money. Always conduct your own research and consult with a professional financial advisor. 🔔 Don't forget to LIKE and SUBSCRIBE for your daily technical analysis on the market's major movers at Trading The Close! Want to use the same charts as the Verified Pros? Check out TradingView here: https://www.tradingview.com/?aff_id=158719 Right at the close of the market, Drew will: - Review the day's winners and losers - Analyze the latest news and events - Offer their expert opinions on the market's direction Subscribe to Trading the Close today and never miss an episode! https://verifiedinvesting.com/pages/sponsor/blofin?utm_source=youtube&utm_medium=product_shelf #VerifiedInvesting #TradingTheClose #Stocks #QQQ #MarketAnalysis #SPY #TechnicalAnalysis #StockMarket #Gold #Silver #TA #CVNA