About this Video

• Video Title: TOMORROW Could Get A Lot Worse
• Channel: StockedUp
• Speakers: Tom, Mike
• Duration: 00:20:29

Introduction

This video discusses the significant market downturn experienced on a particular day, where 86% of the S&P 500 closed in the red. The speakers analyze the impact of Trump's increased tariffs on China (up to 104%), the resulting potential for trading opportunities, and the overall market volatility. They also discuss other related news, such as Elon Musk's criticism of Trump's trade advisor and the increasing probability of rate cuts.

Key Takeaways

• Trump's tariff increase on China: Trump raised tariffs on China to 104%, escalating trade tensions and significantly impacting the market. Both China and Trump seem unwilling to compromise, suggesting continued volatility.
• Market reaction and volatility: The market initially saw a 4% increase before reversing course and falling 7% from its intraday high. This highlights the significant uncertainty and volatility in the market.
• Probability of rate cuts: The market is pricing in a 51% chance of a rate cut at the upcoming May 7th FOMC meeting, reflecting concerns about the economic impact of the trade war.
• Key SPY levels to watch: The speakers identify key support and resistance levels for the SPY ETF, including 485, 490, 500, and 525. Breaking below 485 is seen as significantly bearish, while breaking above 500 could signal a bullish reversal.
• Individual stock analysis: The speakers discuss potential trading opportunities in Apple (AAPL), Amazon (AMZN), United States Steel (X), and Snowflake (SNOW), highlighting key support and resistance levels for each.