Volatile Times

Morning Scoop

Happy May! As a new month starts, it’s a great time to refresh and get ready to take on new challenges. The upcoming week is filled with news and caution signs in the market. The charts may look good, but the markets can be unpredictable, so it’s important to approach them with caution and flexibility.


📰 News
  • JP Morgan to acquire failed First Republic Bank.
  • FED decision later this week on interest rates.
  • More earnings this week from big tech APPL is up on Thursday.
📈📉 S&P 500 Futures Update
4 hour chart

We find ourselves once again in familiar territory. We’ve made some progress, in that we’re back towards the upper end of the range we’ve been holding for the past year. However, the question remains: will we see enough buyers stepping up and staying in, or will we simply fall back down and continue along the same path we’ve been on?

🔮 Forecast

Lots of news this week, and we’re starting off with a bank failure. It’s unlikely to be a smooth week for the market, but as always, who knows. The market tends to move in the opposite direction of what seems obvious. We can expect volatility for sure, so let’s see what the week brings.


Last week, we had a significant run, and the price action fooled the bears, and things felt bullish. However, less than a week later, a bank had to be bailed out, and there are concerns regarding Powell raising or not raising interest rates, among other things. This week is shaping up to be quite interesting, but it requires patience. You have to let the setups come to you; otherwise, expect to get chopped around.


Although I am an investor by profession, I am not YOUR financial advisor. All content and information on this website including our programs, products and/or services is for informational and educational purposes only, does not constitute financial advice and does not establish any kind of financial advisor-client relationship by your use of this website. A financial advisor-client relationship with you is only formed after we have expressly entered into a written agreement with you that you have signed including our fee structure and other terms to represent you in a specific matter. Although we strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice, and you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, investing and financial or tax related decisions..

Leave a Reply

%d bloggers like this: