Market Correction & Rebound - Weekend Watchlist

Humbled Trader's day trading & swing trading ideas

Author

Humbled Trader
March 16, 2025

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This past week was a rollercoaster for the markets. Stocks struggled as the S&P 500 officially entered correction territory (-10% from highs), driven by concerns over economic uncertainty and geopolitical risks.

February inflation data reported on March 12 was encouraging, showing signs of cooling, but weak consumer sentiment and ongoing trade tensions kept investors on edge. Friday’s rally provided some relief, but with a key Fed meeting ahead and continued volatility, traders remain cautious about the near-term outlook.

‎TLDR Stock Market Weekly Update - March 14, 2025

📉 Market Trends

  • Stocks faced a tough week, with major indices showing losses.

  • The S&P 500 dropped 10% from its recent peak, entering correction territory.

  • A small rally on Friday helped, but concerns about trade and government issues remain.

📊 Technical Levels & Market Signals

  • The S&P 500 tested its 200-day moving average, a key support level.

  • The RSI (Relative Strength Index) dropped below 30, signaling an oversold market.

  • A short-term rebound is possible, but risks still exist.

💰 Inflation & Consumer Confidence

  • Inflation reports (CPI & PPI) were lower than expected, which is good for stocks.

  • However, consumer and small business confidence is dropping, which could slow economic growth.

🏛️ Fed Policy & Interest Rates

  • The Federal Reserve meets next week to discuss interest rates.

  • Lower inflation may push the Fed toward a more cautious approach.

No rate cuts expected yet, but Powell’s comments next week will be key for market direction (FOMC Rate Decision on Wed, March 19).

Sources: Charles Schwab, Edward Jones

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📅 Coming up during March 17–21, 2025…
Tech Events:

  • March 17–21: NVIDIA’s GTC Conference – AI, robotics, and semiconductor updates.

Economic Events:

  • March 17: Retail Sales (Feb) – Consumer spending trends.

  • March 19: Federal Reserve Meeting – Interest rate decision.

  • March 20: Initial Jobless Claims – Labor market health.

Notable Earnings Reports:

  • March 17: QFIN, HITI, NRXP, FGEN, TSQ, SGMO,SAIC, HYPR, SNDA, HROW, DEC, QTRX

  • March 18: SNDL, STNE, XPEV, MRVI, HUYA, INO, BEKE

  • March 19: SIG, FIVE, WSM, FVR, KC, NOA, GIS, GROY, SRAD, YY, OLLI, WS

  • March 20: PDD, MU, FDX, NKE

  • March 21: NIO, CCL

Sources: Earnings Whispers, Charles Schwab

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INTC $24.05

  • The stock rallied more than 15% after the company appointed a new CEO. The new CEO, Tan, brings decades of experience working in the semiconductor industry. Investors are optimistic that this catalyst might revive the struggling company.

  • Technically speaking, the stock must reclaim 200SMA and the key level around $24-$24.6s to become bullish. It’s currently testing a multi-month daily downtrend.

  • If that area holds up, we could see steady consolidation to test $26s and over.

  • This is a potential swing idea if the thesis plays out.

  • Position Disclosure: No position

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QBTS $10.15

  • The stock gapped up and rallied on Friday after a strong Q4 earnings report.

  • This is a significant daily breakout test. There was previous heavy resistance around $10- 11.5s from Dec, 2024.

  • The KL to watch is the $9.20s. If the stock trends next week above said key level, it has the potential to test 52-week highs.

  • With the upcoming FOMC on March 19, it’s best to remain cautious until after the meeting.

  • Other sector peers such as RGTI, IONQ are also worth watching.

  • Position Disclosure: No position

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DOCU $85.76

  • The stock rallied on Friday after its Q4 earnings beat.

  • Technically speaking, this is a very bullish-looking daily downtrend breakout.

  • Looking to purely play the technical set up on this name. If the stock can break out and hold the $84.7 KL, we could see a new bullish trend forming and test $90s.

  • This is a potential day trade and swing trade idea.

  • Position Disclosure: No Position

🗞️ Market movers you might’ve missed:

- D-Wave Quantum Inc ($QBTS) D-Wave Quantum shares are trading higher on continued strength after the company on Thursday reported a 502% year-over-year increase in Q4 bookings to $18.3 million.
- How we traded: Trend Join Long Strategy

- Docusign Inc ($DOCU) DocuSign Q4 Earnings: Revenue Beat, EPS Beat, Billings Up 11%, Shares Move Higher Despite Soft Guidance
- How we traded: Backside Long Strategy

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Check out this trade our head coach, Adam, shared last week!

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