5/30 Bullish. 260 Buying | 150 Selling.
T2108 is Bullish. Primary Indicator is Bullish. 20% Weekly is Neutral.
Market held modest gains amid mixed economic data and tariff uncertainty; NVIDIA’s strong earnings and AI optimism supported tech, while legal rulings on tariffs injected caution.
Technology and real estate sectors led with modest gains; communication services lagged slightly; volatility (VXX) remains subdued, suggesting limited near-term spikes.
Upcoming Catalyst: No major economic releases Monday; focus shifts to Tuesday’s earnings including BOX, OKTA, SMTC, and SQM.
Key Takeaway:
Swing traders should focus on tech strength and AI-related momentum while respecting tariff-related uncertainty. Maintain stops near key supports and watch for volume confirmation on breakouts, especially in tech and healthcare. Avoid overexposure to sectors sensitive to tariffs or discretionary spending until clearer signals emerge.
Watchlist
Continuation: IMCR (S1: 34, S2: 34.5, S3: 35, R1: 35.5, R2: 36, R3: 36)
Anticipation: SNPS (S1: 451.5, S2: 449, S3: 445, R1: 456.5, R2: 457.5, R3: 460)
