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29 April 2025,02:02
Trade Of The Day
*The US equity market remained range-bound as investors awaited earnings reports from key tech giants — Apple, Microsoft, Amazon, and Meta — scheduled later this week. While Tesla and Alphabet have delivered relatively strong results, investor caution persists. Upcoming tech earnings are expected to be pivotal in determining the next trend for the Nasdaq.
*Nasdaq is trading sideways, consolidating near the key resistance level of 19495.00. A breakout above this level could open the way for further gains toward the next resistance at 20140.00. However, MACD shows diminishing bullish momentum, suggesting a possible technical correction. Failure to maintain bullish momentum could see the Nasdaq retesting support around 18850.00.
US-China trade tensions continue to pose a significant volatility risk for the Nasdaq.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential trade war for further market direction by following PU Xtrader’s financial news page.
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29 April 2025, 02:02 NASDAQ (NDX) Flat, Eye on Tech Earnings
28 April 2025, 05:30 HK50 Tests Resistance as China Unveils New Economic Support
25 April 2025, 06:45 Nasdaq Continues Uptrend as Tech Earnings Boost Market Sentiment