Stock futures are higher after the Fed rate-hike

The stock market situation is bullish after yesterday’s rate-hike. The Fed planned 1 more rate-hike this year which will fall in September. Traders will continue to ride the bullish wave and make use of each bearish correction to add more long positions. As mentioned in the previous analysis, we think the new bull market is not far and might happen in 1-2 years. At the current time, it is the best time to accumulate long positions in stocks.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index extended the bullish movement after yesterday’s Fed interest-rate announcement. The market sentiment turn more bullish as the Fed might stop raising rates soon. Despite the bullish situation, a bearish correction might happen in the index and traders will use the chance to add more long positions in stocks.

Pinterest Inc (PINS)

PINS share prices undergo a bearish correction from the $30.86 top. The share prices have reached the level near the daily SMA 200 and show bullish reactions. It might continue moving lower to test the daily SMA 100 & 200. Traders will monitor the share price reactions near the averages. When there are bullish reactions, traders could enter long positions.