Overview:
Wall Street rallied strongly yesterday, led by tech stocks. The NASDAQ gained +2.27%, and the Magnificent 7 surged +2.79%, with Nvidia (+5.79%) leading after its biggest jump since April. Broader gains were more moderate — the equal-weight S&P 500 rose +0.52%, and Russell 2000 +0.94% — showing the rally was concentrated in large-cap tech.
Drivers of Sentiment:
Tech rebound: Nvidia’s recovery and strong performance in other mega-caps fueled optimism.
Trade optimism: Trump said the US is “pretty close” to trade deals with India and Switzerland, potentially reducing tariffs.
Political progress: The US government funding deal advanced in the Senate, easing shutdown concerns.
Market Takeaway for Today:
S&P 500 likely to open steady to slightly higher, supported by risk-on momentum from tech.
Focus on whether the rally broadens beyond mega-caps — equal-weight S&P lagging suggests narrow leadership.
Short-term tone: Positive sentiment from tech rebound, trade deal hopes, and easing US political risk, but watch for consolidation after strong gains.
Key Support and Resistance Levels
Resistance Level 1: 6866
Resistance Level 2: 6889
Resistance Level 3: 6917
Support Level 1: 6763
Support Level 2: 6736
Support Level 3: 6700
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Wall Street rallied strongly yesterday, led by tech stocks. The NASDAQ gained +2.27%, and the Magnificent 7 surged +2.79%, with Nvidia (+5.79%) leading after its biggest jump since April. Broader gains were more moderate — the equal-weight S&P 500 rose +0.52%, and Russell 2000 +0.94% — showing the rally was concentrated in large-cap tech.
Drivers of Sentiment:
Tech rebound: Nvidia’s recovery and strong performance in other mega-caps fueled optimism.
Trade optimism: Trump said the US is “pretty close” to trade deals with India and Switzerland, potentially reducing tariffs.
Political progress: The US government funding deal advanced in the Senate, easing shutdown concerns.
Market Takeaway for Today:
S&P 500 likely to open steady to slightly higher, supported by risk-on momentum from tech.
Focus on whether the rally broadens beyond mega-caps — equal-weight S&P lagging suggests narrow leadership.
Short-term tone: Positive sentiment from tech rebound, trade deal hopes, and easing US political risk, but watch for consolidation after strong gains.
Key Support and Resistance Levels
Resistance Level 1: 6866
Resistance Level 2: 6889
Resistance Level 3: 6917
Support Level 1: 6763
Support Level 2: 6736
Support Level 3: 6700
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.