U.S stock market higher after FOMC meeting

The Fed in the FOMC meeting affirm that there will be 50 bps rate-cut between 2025 – 2026 but no sign of earlier rate-cut or more rate-cut. It seems nothing changed to the plan of the Fed, though they mention uncertainty from geopolitic situation rising. Aside from that, the Fed also cut economic growth projection to 1.7% while expecting inflation of 2.8%.

It seems the current upward movement might be a short-term reaction. If there is nothing new about rate-cut, then we might see another downturn on the stock market after the current bullish movement lost momentum. Despite the situation, if the stock market continues moving lower, then traders could continue to hunt for discount in distressed stocks.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index made a bullish recovery toward the daily SMA 200 where it will test the level. The index need to climb and close above the averages to cancel the current bearish outlook. We have a lower swing low printed in the latest bearish attempt. If the current upward movement print a lower swing high, then there is chance of bearish continuation.

Kimberley Clark Corporation (KMB)

KMB share prices turned lower last week after the climb toward $150.00 level. The share prices is trading near the daily SMA 200 and the previous swing high. If the share prices bearish pressure receded and there is strong bullish reactions, then traders will get confirmation to enter long positions. Alternatively, the share prices might consolidate near the current level while forming support levels before turning upside.