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FOMC week starts with cash markets closed

US cash equity markets are shut on Sunday. Friday’s bounce closed a red week, and Wednesday’s Fed decision with new projections is the main event on the calendar. The working rule for the week stays simple: hold an existing weekly trend and respect the flip, or sit in cash.

01

Friday’s bounce into a Fed projection meeting

What happened

After a down week, US indexes bounced on Friday. The S&P 500 closed at 7,656.98, up 0.86% on the day and down about 0.8% for the week. The Nasdaq finished at 26,333.04, up 0.96% on Friday. The 10-year yield was near 4.98%, WTI crude was near $100 a barrel, and the VIX settled at 15.84. Cash markets remain closed through this Sunday brief. The Federal Reserve meets this week, with the decision and Summary of Economic Projections due on Wednesday.

What it means

A one-day bounce after a red week does not rewrite the weekly picture, especially with a projection-meeting Fed on Wednesday. Index betas and crowded growth names can reprice with the statement and dots rather than with Monday’s open alone. Names already in long weekly trends — including Micron (MU), Bloom Energy (BE), Seagate (STX), Dell (DELL), and Siemens Energy (ENR.DE) — do not need a fresh chase into the meeting.

Chart and trend facts

This story is tape and calendar context. There is no separate index flip print to list here. Treat Friday’s closes as the last cash anchors until the week opens, and keep Wednesday’s Fed release as the main regime update.

What to do

Sit in cash unless you already hold a confirmed weekly trend. There is no need to invent a Monday trade ahead of Wednesday’s decision and projections.

02

Micron still defines the AI hardware weekly trend

What happened

Friday’s rebound showed up clearly in AI hardware and related suppliers. Micron remains the clearest weekly example in that group, last at $975.26 and still well above its flip level as the market heads into FOMC week.

What it means

A bounce in names that are already long weekly trends is not a reason to chase the gap into a Fed week. The same tape touches Micron (MU), Bloom Energy (BE), Seagate (STX), Dell (DELL), and Siemens Energy (ENR.DE). If those weekly trends are already held, the job is to respect the flip — not to treat Friday’s relief as a new entry.

Chart and trend facts

Bullish · MU · weekly

Status: bullish
Last: $975.26
Flip: $725.13
Since flip: +743.65% · 65 weeks
Δ200WMA: +371.59%

Related weekly trends with the same structure, facts only: ENR.DE at €144.26 (flip €133.95, +951.07%, 137 weeks); BE at $275.75 (flip $166.43, +703.00%, 59 weeks); STX at $830.17 (flip $765.77, +670.17%, 69 weeks); DELL at $567.29 (flip $333.74, +274.15%, 26 weeks).

Micron Technology Inc. (MU) weekly chart — bullish, last $975.26, flip $725.13
MU · weekly · last $975.26 · flip $725.13 · bullish

What to do

If you already hold a weekly bull trend in Micron or the related cluster, hold it and respect the flip — do not add into Wednesday. If you do not hold it, sit in cash. No FOMO into FOMC week.

Rule of the day

holdcash

Friday’s bounce and a quieter VIX into a projection-meeting Fed is not a green light to chase. Hold existing weekly trends and respect the flip, or sit in cash. Protect attention for Wednesday’s statement, projections, and press conference — that is when the tape updates the regime.

Sources