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US500 (SP500)
Are record highs for US500 and XAUUSD at the same time inconsistent or are both trading on the Fed easing?
In any case, another record high (6620), no reason to guess at the top before charts tell you to do so, dependent on 6600 holding to keep a strong bid, only below 6572 would suggest time for a pause.
US500 4 HOUR CHART
S&P 500, Nasdaq hit record highs ahead of Fed meeting; Tesla jumps
Key points:
·        Indexes: Dow down 0.01%, S&P 500 up 0.45%, Nasdaq up 0.83%
·        Alphabet hits $3 trillion in market value for first time
·        Nvidia falls after China’s anti-monopoly investigation
·        Tesla gains as CEO Musk buys shares worth $1 billion
The S&P 500 and the Nasdaq hit intraday record highs on Monday, setting a positive tone for a week dominated by the Federal Reserve’s crucial policy meeting, while Tesla shares climbed following CEO Elon Musk’s stock purchase.
The electric vehicle maker TSLA jumped 6% to its highest level since late January after regulatory filings revealed Musk had acquired nearly $1 billion worth of Tesla’s stock on Friday.
The monetary policy decision from the Fed looms large over sentiment this week with market participants widely expecting a 25-basis-point reduction following recent economic data signaling labor market weakness.
S&P 500 Chart
Helius Medical Technologies Inc. Stocks – HSDT
Helius Medical Tech Jumps on Funding to Launch Solana Treasury
Shares of Helius Medical Tech surged after the company said it has launched an offering set to raise over $500 million in cash funding to kickstart its cryptocurrency-treasury strategy.
Company intends to use the proceeds from the offering to implement a digital asset treasury strategy and acquire SOL, the native cryptocurrency of the Solana blockchain
Stocks are UP 190.48 % at this moment.
MACY’s Inc.  Stocks – MACY
2 Days ago Macy’s EVP – Chief HR Officer sold 50.000 shares…
Price was about 1.000 short of declining trend line with origins dating back to 2022.
Macy opened with a Gap to the downside, and attempt to close it failed at 14.360
Below 13.820 all hell might break lose….
NIO Inc. Stocks
Nio opened today with a sizeable Gap UP, reached new high at 6.83 and now lost it all.
Still not a reason for panic, as day is young – important is where it is going to close tonight.
Also it shouldn’t go below 6.20 – Fridays high
Market has a tendency to close the gap every time, and this is exactly that – trying to get to it…
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