U.S. stock futures are slightly higher after the previous week’s loss

The stock market situation is bearish for now nearing the Fed interest-rate decision. This week, traders will observe the release of CPI data which could see an uptick in the inflation numbers. Rising inflation is not good nearing the interest-rate decision. It might give more reason for the Fed to keep interest-rate at high level and possibly raise it again. Despite the situation, traders could use each bearish movement in the stock market to continue accumulating long positions.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index is currently in a bearish correction phase and moving between the averages. Traders will use the current bearish correction as a chance to add long positions in stocks. Currently, the consolidation between the averages will continue until the Fed interest-rate announcement. A new higher high or a new lower low might confirm the index’s next direction.

Advanced Micro Devices (AMD)

AMD share price bearish correction has reached the daily SMA 100 & 200. There were bounce reactions but the share prices did not leave the cluster of averages. A close below the daily SMA 200 will confirm the bearish continuation. Meanwhile, a close above the daily SMA 5o and a new higher high will confirm a bullish continuation.