{"id":20913,"date":"2025-01-28T13:28:41","date_gmt":"2025-01-28T21:28:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20913"},"modified":"2025-01-28T13:29:31","modified_gmt":"2025-01-28T21:29:31","slug":"tech-turmoil-ai-competition-and-the-fed-decision-a-pivotal-week-for-markets","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/tech-turmoil-ai-competition-and-the-fed-decision-a-pivotal-week-for-markets\/","title":{"rendered":"Tech Turmoil, AI Competition, and the FED Decision: A Pivotal Week for Markets"},"content":{"rendered":"\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend!<\/p>\n

Join our\u00a0Private Facebook group<\/a><\/p>\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\n

Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Movers and shakers!<\/p>\n

By John Thorpe, Senior Broker<\/p>\n

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What a reversal!\u00a0\u00a0After yesterday\u2019s huge tech sell off initiated by a realization that a new AI app uses cheaper chips, The AI challenge from China shook the trading consciousness to the very roots of the U.S. AI talking points\/ narrative.\u00a0If true, what a breath of fresh air, think about it, the barriers to entry for innovation have been lowered 10 fold or more!,\u00a0More competition in the A.I. zeitgeist is critical to reaching innovative success.<\/p>\n

Tomorrow is FED Rate decision day, followed by Chairman Powell\u2019s presser at 1PM CDT and 1:30 PM CDT respectively.<\/p>\n

According to CME\u2019s FEDWATCH tool , expectations are for no change from the current 4.25-4.50 fed funds rate, the rate charged to borrowing banks.\u00a0Higher inflation, leads to higher Bond yields, Higher Yields lead to lower bond prices, and greater hesitancy by the FED to lower rates anytime soon.<\/p>\n

Watch out for post cash close Earnings tomorrow and a number of other events.<\/p>\n

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Today\u2019s Movers<\/p>\n

**US December Advanced Durable Goods: -2.2%; prior -1.2%<\/p>\n

**US December Advanced Durable Goods ex Trans: +0.3%; prior -0.1%<\/p>\n

**US December Advanced Durable Goods ex Def: -2.4%; prior -0.3%<\/p>\n

Redbook Weekly US Retail Sales Headline Recap<\/p>\n

**Redbook Weekly US Retail Sales were +4.5% in the first four weeks of January 2025 vs January 2024<\/p>\n

**Redbook Weekly US Retail Sales were +4.9% in the week ending January 25th vs yr ago wee<\/p>\n

Case Schiller 20 US Metro-Area Home Prices Recap<\/p>\n

**Case Schiller 20 US metro area home prices for November Y\/Y: +4.3% from the year ago month<\/p>\n

**Case Schiller 20 US metro area home prices for November M\/M: +0.4% vs prior month<\/p>\n

Richmond Fed Manufacturing Index Headline Recap<\/p>\n

**Richmond Fed January Manufacturing Index: -4.0 ; prior -10.0<\/p>\n

**Richmond Fed January Manufacturing Shipments Index: -9.0 ; prior -11.0<\/p>\n

**Richmond Fed January Manufacturing New Orders: -4.0 ; prior -11.0<\/p>\n

**Richmond Fed January Manufacturing Employees: +3.0 ; prior -8.0<\/p>\n

**Richmond Fed January Manufacturing Prices Paid: +2.37 ; prior +2.86<\/p>\n

**Richmond Fed January Manufacturing Prices Received: +1.21 ; prior +1.71<\/p>\n

**Richmond Fed January Service Sector Index: +4.0 ; prior +23.0<\/p>\n

Tomorrow\u2019s Movers and Shakers:<\/p>\n

7:30 AM CST\u00a0Goods Trade Balance and Retail\/Wholesale inventories.<\/p>\n

1:00 PM CDT\u00a0Fed Rate Decision<\/p>\n

1:00 PM CDT\u00a0Fed Press Conference<\/p>\n

\u00a0\u00a0Earnings:<\/p>\n

(95 rpts) Pre-Open Alibaba, MSFT, META, TSLA, IBM all after the cash close.<\/p>\n

Plan your trade and trade your plan.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for January 29th, 2024<\/strong><\/h3>\n

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Economic Reports<\/strong><\/h3>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/em><\/div>\n
All times are Eastern Time ( New York)<\/em><\/div>\n
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Good Trading!<\/div>\n
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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend! Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! Movers and shakers! By John Thorpe, Senior Broker   What a reversal!\u00a0\u00a0After yesterday\u2019s huge tech sell off initiated by a realization that a new AI […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,231,76,230,67,70,30,61,358],"tags":[],"class_list":["post-20913","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-future-trading-news","category-future-trading-platform","category-futures-broker-2","category-futures-trading-2","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20913"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20913\/revisions"}],"predecessor-version":[{"id":20917,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20913\/revisions\/20917"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}