Good Morning Traders! Today's economic calendar kicks off what is expected to be a volatile week for markets with lighter data but several major macro catalysts ahead. The morning begins with the March Empire Manufacturing Index along with February Industrial Production. Next, traders will also receive Manufacturing Production and Capacity Utilization figures, which provide insight into overall industrial activity and economic momentum. Later in the morning at 10:00AM ET, the NAHB Housing Market Index offers a look into homebuilder sentiment and housing demand conditions. The session concludes with the Treasury's 3 and 6 Month Bill Auction at 11:30AM ET. 

While today's data is relatively light, the broader focus this week will be on positioning around several major market events. Futures expiration, monthly options expiration (MOPEX) on Friday, and Wednesday's FOMC rate decision all have the potential to increase volatility as institutions rebalance portfolios and adjust exposure. With the Federal Reserve decision looming mid week, traders will be closely watching interest rates, equity positioning, and broader risk sentiment as markets navigate this event driven environment.

Now, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.

SPDR S&P 500 ETF Trust (SPY)

SPY is currently trading around 667.25 as markets enter a volatile week that includes futures expiry, monthly options expiration, and Wednesday's FOMC decision. If buyers defend this region early in the session, a push toward 671.25 may develop, followed by 674.75 if momentum improves into the morning. Sustained strength above 678.50 would suggest positioning flows ahead of the Fed are turning constructive. 

If SPY loses 667.25 with conviction, sellers may drive price toward 663.75. A breakdown there could expose 660.25, and continued weakness may bring the 656.75 region into focus. Expect volatility to increase as traders hedge and rebalance ahead of Wednesday's policy announcement.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around 599.25 and sitting just below the key 600 psychological level as traders evaluate growth exposure ahead of the Fed decision. Holding this area may allow a move toward 603.50, followed by 607.25 if mega cap technology begins to stabilize. Sustained strength above 610.75 would suggest stronger upside momentum returning to the Nasdaq complex. 

If 599.25 fails to hold, sellers may push price toward 595.50. A deeper breakdown could expose 591.75, and continued weakness may bring the 587.50 region into play. Semiconductor performance will likely remain a key driver for the Nasdaq.

Apple Inc. (AAPL)

AAPL is currently trading around 251.00 and attempting to stabilize after recent selling pressure across large cap tech. If buyers defend this level, price may rotate toward 254.25, followed by 257.50 if broader market sentiment improves. Sustained strength above 260.75 would indicate renewed institutional accumulation returning to the name. 

If 251.00 breaks lower, sellers may test 248.25 quickly. Continued downside pressure could extend into 245.50, and deeper weakness may bring the 242.75 region into focus.

Microsoft Corp. (MSFT)

MSFT is currently trading around 397.75 and hovering near the important 400 psychological level. If buyers reclaim that region early in the session, price may push toward 401.50, followed by 405.75 if upside momentum builds. A sustained move above 409.25 would signal improving strength across large cap software. 

If 397.75 fails to hold, sellers may press into 394.25. A deeper pullback could test 390.50, and continued weakness may bring the 386.75 region into view.

NVIDIA Corporation (NVDA)

NVDA is currently trading around 182.50 and continuing to act as a key sentiment driver for the semiconductor sector and broader tech market. If buyers defend this pivot, a move toward 186.75 may develop, followed by 190.25 if chip momentum strengthens. Sustained trade above 194.00 would indicate renewed strength in the AI and semiconductor complex. 

If 182.50 breaks lower, sellers may test 179.25. Continued downside pressure could extend into 175.75, and deeper weakness may open the door toward the 172.25 region.

Alphabet Inc Class A (GOOGL)

GOOGL is currently trading around 303.25 and holding just above the 300 psychological level. If buyers defend this area, price may rotate toward 306.75, followed by 310.25 if communication services strengthen. A sustained break above 313.50 would indicate improving upside momentum. 

If 303.25 fails to hold, sellers may guide price toward 299.75. A breakdown there could expose 296.25, and continued weakness may bring the 292.75 region into focus.

Meta Platforms Inc (META)

META is currently trading around 631.00 and continuing to consolidate after recent volatility across mega cap technology. If buyers defend this pivot, a push toward 636.50 may develop, followed by 641.25 if upside momentum builds. Sustained strength above 646.00 would signal continued leadership within the communication services sector. 

If 631.00 breaks lower, sellers may guide price toward 626.50. A deeper pullback could test 622.25, and continued weakness may bring the 618.00 region into play.

Tesla Inc. (TSLA)

TSLA is currently trading around 395.25 and sitting just below the 400 psychological level as volatility continues in the broader market. If buyers defend this region, a move toward 401.50 may develop, followed by 407.00 if speculative momentum returns. Sustained strength above 412.50 would indicate stronger upside participation returning to the name. 

If 395.25 fails to hold, sellers may test 390.75 quickly. Continued weakness could extend into 386.25, and deeper downside may bring the 381.75 region into focus.

Final Word: Good luck and trade safely!

Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.