Futures Power Hour - April 26, 2024 - Critical Technical Tests Loom

The tastylive network

Chris Vecchio and Ilya Spivak delve into market movements amidst a significant week ahead, highlighting key events such as Amazon earnings, a Federal Reserve meeting, and the non-farm payroll report. They discuss technical levels in various indices, particularly focusing on the NASDAQ's modest gains post-Microsoft and Google earnings. Vecchio and Spivak shift to bond movements and technical patterns suggesting critical upcoming tests for both bulls and bears in the equity markets. Despite geopolitical tensions and inflation concerns, gold and silver prices are noted to hold firm, indicating a higher market floor for metals. The discussion includes a detailed analysis of crude oil's resilience and the Japanese yen's substantial drop, allocating caution toward trading amidst these uncertainties. The segment ends with a brief educational note on types of margin in futures trading, emphasizing risk management.