? Nightly AMEX:SPY / SP:SPX Scenarios for May 2, 2025 ? ? Market-Moving News ? ?? Rising Unemployment Claims Signal Labor Market Softening Initial jobless claims increased by 18,000 to 241,000 for the week ending April 26, marking the highest level since late February. Continuing claims also rose to 1.916 million, indicating potential cracks in the labor market. ? Manufacturing Sector Contracts Amid Tariff Pressures The ISM Manufacturing PMI fell to 48.7 in April from 49.0 in March, indicating a second consecutive month of contraction. Tariffs on imported goods have strained supply chains and elevated input prices, contributing to the downturn. ? Construction Spending Declines Construction spending decreased by 0.5% in March, reflecting reduced investments in both residential and nonresidential projects. This decline suggests caution in the construction sector amid economic uncertainties. ? Mixed Signals from Manufacturing Indices While the ISM Manufacturing PMI indicates contraction, the S&P Global Manufacturing PMI remained steady at 50.2 in April, suggesting stability in some manufacturing segments despite broader challenges. ? Key Data Releases ? ? Friday, May 2: ? Nonfarm Payrolls (8:30 AM ET) Provides insight into employment trends and overall economic health. ? Unemployment Rate (8:30 AM ET) Measures the percentage of the labor force that is unemployed and actively seeking employment. ? Average Hourly Earnings (8:30 AM ET) Indicates wage growth and potential inflationary pressures. ? Factory Orders (10:00 AM ET) Reflects the dollar level of new orders for both durable and nondurable goods, indicating manufacturing sector strength. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Hi All SPY is at an interesting intersection: 1) a month from where it crashed and reversed entirely 2) At point of control (POC) from the top in Feb 3) at 200 ema In Aug 22 SPY reversed from POC, at other times it found support or broke out with a gap My opinion is, it will continue going up till 13th May (date when CPI is published). Nobody knows for sure how much tariff will impact CPI. It cannot as bad as we had during covid.
HDFCLIFE is forming a strong ascending triangle on the monthly chart, signaling long-term bullish potential. A breakout above ₹750 with volume can trigger a fresh rally toward ₹880–₹920 in the coming months. RSI is trending up with strong momentum, which confirms buying interest. In the short term, ₹715 acts as support. Long-term investors can accumulate on dips. Short-Term View: Buy on dips above ₹715 | Target ₹780 Long-Term View: Breakout above ₹750 | Target ₹900+ For educational purposes only
I'm bearish short term on the QQQ's. Here's a quick explanation why.
when it fell to the 50% fibo level of wave 2960-3500, gold immediately rebounded. It has now surpassed the 3233 level. 3268 is the closest target. We expect a strong increase to the 3283-3300 zone. After that, Gold may sell off to 3150 3170 target
ALL has just bounced off its 50-day moving average, showing early signs of a potential uptrend continuation. Momentum is building, backed by strong fundamentals and solid sector positioning. ? Why we like it: • Holding firm above 50MA — a key level respected in past rallies • Business quality remains high with strong balance sheet and earnings history • Gaming sector strength could provide tailwind into May ? Stop: 62.84 — tight enough to manage risk if the breakout fails ⚠️ Note: Earnings due May 15 — position size accordingly and manage risk into event This is a technical momentum play with fundamental support — good spot for partial exposure to see if the move has legs. DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
CVS had a good earnings report that gave a nice pump. Now looking for dip to buy or add, at Genesis fib of $68.34 Bounce needs to break the proven resistance at $70.23-70.53 =====================================================
GBPCHF ... Bullish Move End-Of-Week Update - May 1st 2025 . By: Noble.Mike.Jamison
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 32.73, which is a pullback resistance aligning with the 61.8% Fibo retracement. Our take profit will be at 31.90, an overlap support level. The stop loss will be placed at 33.62, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
The USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction. Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance. Wave 4 is likely to develop as a shallow retracement, possibly forming a bull flag or expanded flat before launching into Wave 5. The ascending channel supports the bullish structure with both Wave 2 and Wave 4 respecting lower bounds. Targets: 144.750 - 144.351 Stoploss: 146.268