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A Mixed Day for US Stocks Amid Trade Talks and Earnings Reports
Equities fluctuate as investors digest Q1 earnings data and monitor developments in U.S.–China trade negotiations.
Market Maverick
May 09, 2025
The US stock market experienced a mixed session on May 9, 2025, as investors assessed the latest developments in trade talks and corporate earnings. While some indices showed gains, others were held back by lingering uncertainties and mixed economic data.
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🔄 Regime / Market Behavior Overview
US stock futures were mixed on Friday, May 9, 2025. Dow Jones Industrial Average futures trimmed earlier gains and were flat, while S&P 500 futures edged up 0.1% and Nasdaq-100 futures rose 0.2%. The market's behavior was influenced by President Donald Trump's comments on potential tariff increases on China, which added to the uncertainty. However, positive earnings reports from several companies provided some support to the market.
🔍 Setups in Focus
Failed Breakdown: The S&P 500 failed to hold above the 5,700 level, indicating a potential failed breakdown setup.
Breakdown Short: Expedia Group Inc. (EXPE) fell 10% in premarket trading after warning of weak US travel demand, presenting a potential breakdown short setup.
Back-Test Short: Bitcoin prices surged above $103,000, a level not seen since February, potentially offering a back-test short opportunity.
📊 Market Structure and Key Levels
Dow Jones Industrial Average: Closed at 41,368.45, down 0.3%.
S&P 500: Ended at 5,663.94, up 0.58%.
Nasdaq Composite: Gained 1.07% to close at 17,928.14.
Key Resistance Levels: S&P 500 at 5,700; Nasdaq 100 at its 200-day moving average.
Key Support Levels: Dow Jones at 41,000; S&P 500 at 5,600.
📈 Trade Plan for Next Session
Monitor Trade Talks: Keep an eye on the outcome of the weekend trade talks between the US and China, which could significantly impact market sentiment.
Earnings Reports: Several companies are scheduled to report earnings next week. Positive surprises could provide short-term trading opportunities.
Technical Indicators: Watch for any breakouts or breakdowns around key resistance and support levels identified above.
Learn More
For a deeper dive into the market trends and analysis, consider the following articles:
Disclaimer
Disclaimer: This newsletter is for informational purposes only and does not constitute financial advice. Please consult a licensed financial advisor before making investment decisions.
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