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TSM Record Print & S&P 7000 Test: Thursday Trade Strategy
Description
Here is the trade setup for the Thursday open. 🚀 TSMC is fueling a semiconductor relief rally after record-breaking Q4 results, while JPM and the banking sector face a potential 10% credit card interest rate cap. We are seeing a distribution phase as institutional money rotates into Energy (XLE) and Value.
🔍 Stocks to Watch: 💎 TSM: Record income and revenue with AI demand accelerating into 2026. 📉 JPM & GS: Banking sector reeling from rate cap proposals; watching for structural support. 🤖 NVDA: Must reclaim $185.75 to offset China ban anxiety. ⚡ TSLA: Pivoting to subscription-only FSD. 📊 The Levels: S&P 500 Resistance: 7,000 – 7,015. S&P 500 Support: 6,900 – 6,895. Nasdaq Support: 25,460 (50-day EMA). Watch the 10-year yield at 4.14% for the rotation signal.