Tim Knight Says the Market Rallied on Nothing, and He Can't Explain It

After the Fed held rates steady, the market zipped higher on an arcane change to the meeting schedule, and Tim Knight can't explain it. Is the market excited there are fewer announcements? He has no idea. His bigger message: things aren't clicking this week, so he's dialing risk way back to basically no margin. The charts behind it: the S&P carves lower highs, small caps are in a clearer downtrend, and tech's four green bars don't convince him. He's staying conservative until the dust clears. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Just past the Fed, no rate change 00:40 The market rallies on a scheduling nuance 01:20 Thrills and chills ahead 02:00 A simple chartist, dialing back risk 02:40 The S&P, still lower highs 03:20 Down to almost no margin 04:00 Small caps, a clearer downtrend 04:40 Tech, four green bars he distrusts 05:20 The Seagate whipsaw 06:00 Staying conservative until the dust clears #tastylive #timknight #tradingcharts #fomc #spy #smallcaps #tech #riskmanagement #technicalanalysis #stockmarket tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.