U.S. stock futures are down in early-morning trade on Monday, after ending the previous week on a high note, with back-to-back sessions of strong rallies.
The Nasdaq has staged a remarkable turnaround in April, transforming from what was initially dubbed the "worst April for the stock market since the Great Depression" to posting gains for the month, a recovery that's drawing attention from prominent market analysts.
The remarks have come amid fears that the global trade war triggered by Trump tariffs will tip the U.S. economy into a recession and reignite inflationary pressure.
The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin‘s (CRYPTO: BTC) market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.
Trump’s sweeping tariff policy was almost unprecedented in scope and impact, triggering widespread uncertainty, stifling trade, and sending global markets into a tailspin.
Wedbush analyst Daniel Ives said this was a major week ahead for the markets and that he braced for generally strong results from the big techs due to very favorable demand trends.
Markets grabbed a tactical lifeline last week as the White House pulled back from the brink. The market’s stopped panicking, but it hasn’t started trusting.
A dramatic confrontation between the White House and the Federal Reserve has been put off – for now. Come Tuesday, Trump said he has “no intention” of firing Powell before his term ends.
Whether it makes sense to balance trade is a separate question. We think it does, as does Warren Buffett and as did the late Intel CEO, Andy Grove. But even if it's a good policy, there is going to be a period of painful adjustment.
The major indices closed with nice gains on Wednesday, but well off the highs achieved earlier in the session. It shouldn't be hard to tell what sector led – technology. But the bigger technical picture remains troubling.
Stocks stormed higher on Thursday, stretching a rebound on decent earnings, a Fed not yet kidnapped by the White House, and the novel idea that fewer tariffs might be better than more. And yet, skepticism continues to manifest.
The 50 Day EMA sits right around the 19,500 level, but if we were to break above there, then we need to look at the 200 Day EMA, currently sitting just below the 20,000 region.
In this week's video, we'll review the latest charts and data to help us answer the question: the breadth thrusts nailed down on Thursday — do the charts overall align with the rare bullish signals or contradict them?
In this video lesson, I review last Friday's swing trade, the overall market in relation to my multi-time frame ports, sell rules, and the stocks in my weekly squeeze scan.
