Likes Received5/13 Wednesday U.S. stock market trend line
The most critical focus of the market today is the just-released PPI data.
This PPI data is significantly higher than market expectations, indicating that current inflationary pressures have not completely eased, and market concerns about the pace of subsequent interest rate cuts have heated up again. After the data release, US stock futures once plunged rapidly, turning from gains to losses. However, funds quickly flowed back afterwards, pulling the index up again. This "bad news not leading to a fall" trend precisely shows that current market sentiment remains strong, with very clear bull market characteristics.
The market logic is now very clear:
On one hand, high inflation will suppress the Fed's interest rate cut expectations;
On the other hand, funds continue to flow back into tech stocks and the AI sector, with large capital clearly unwilling to exit.
Therefore, the current main board is essentially still in a strong, volatile upward phase.
Looking at today's market:
Expect the main board to open slightly higher, first fluctuate around 7400, and then fill the gap from the higher opening. After the gap is filled, the bulls will regain strength, and the index is expected to rise again. The overall intraday trend will be volatile and upward, with positive fund sentiment, and the full-day market is expected to remain strong.
Today's volatility is expected to be relatively large, estimated at around 75-85 points.
SPX key levels reference:
Upper resistance:
7467
Extreme resistance: 7477
Lower support:
7392
Extreme support: 7382
If the market can stabilize above 7400 intraday, then market sentiment will continue to be strong, with tech stocks and the AI direction remaining key focus areas for funds. If it falls below 7382, then be aware of the pullback risk from short-term profit-taking.
Operation advice remains:
Focus on buying on dips, do not blindly chase shorts.
Key stocks to watch today:
amd, nvda, Tesla, NBIS
The above analysis is for personal opinion sharing only and does not constitute any investment advice.
$Apple(AAPL.US) $Broadcom(AVGO.US) $AMD(AMD.US) $Alphabet - C(GOOG.US) $Lumentum(LITE.US) $NVIDIA(NVDA.US) $Amazon(AMZN.US) $SPDR S&P 500(SPY.US) $Sandisk(SNDK.US)
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