The US stock market experienced a strong trend day with major indices like the S&P 500 (SPY) and Nasdaq 100 (QQQ) reaching new highs, driven by robust earnings reports and reduced trade tensions. Key growth stocks such as Tesla (TSLA), Nvidia (NVDA), Amazon (AMZN), Alphabet (GOOGL), Netflix (NFLX), and ServiceNow (NOW) showed notable performance, with TSLA's price moving up to resistance levels near $284.42. Market volatility, measured by the VIX, declined to 23.66, indicating a calmer trading environment. Traders reported substantial profits, emphasizing the importance of following systematic trading strategies during trend days. Despite some short positions underperforming, the overall market breadth and momentum remained strong, supported by positive earnings from companies like PepsiCo (PEP) and ongoing interest in penny stocks such as Odyssey Marine Exploration (OMEX). The market's resilience was maintained even after comments from former President Donald Trump, with analysts noting no immediate need to adjust positions as long as the trend holds.
Stock Market Weekly Recap #VIDEO Off screens early, $SPY $QQQ nice move til More noise today. Names paid this week. $TSLA $NFLX $GOOGL especially. $SPY $QQQ trying to break the big candle still! Charts Sunday, enjoy the weekend! https://t.co/gC1jLOMzZn
#LiveTradingRoom - boring and then not so much!! TSLA + NVDA were the best chases long!! Gave NVDA 109/110 for chase today And TSLA 278.64 WITH OVERSHOOT TO 282. It reached the 50W resistance at 284.42! SPX 5572 still my daily PT to hit as VIX drops into 23.66 and VVIX into 93.
TTG #Trading Midday Note + Open Positions & Watchlist Update What Sector / Group is standing out? https://t.co/mqqgCydJa5 https://t.co/BHQ2M0jOX9