📰 Macro & Market Headlines
📉 Inflation Cools Further:
U.S. inflation dropped to 2.3% year-over-year in April — the lowest since early 2021 — uplifting market sentiment. Core CPI held steady at 2.8%, while energy prices slid by 3.7%. Economists caution this data doesn't yet reflect tariff impacts.
💥 Coinbase Enters the S&P 500:
Coinbase ($COIN) shares jumped 24.59% on news it will officially join the S&P 500 on May 19, marking a pivotal moment for crypto's integration into mainstream finance.
🛃 Tariff Truce Impact:
The 90-day trade de-escalation between the U.S. and China continues to support market stability. Tariffs on small Chinese imports (under $800) were cut from 120% to 54%, reducing the average U.S. tariff rate to between 13% and 39%, far lower than previously feared.
📈 Goldman Raises Targets:
Goldman Sachs reduced its recession probability to 35% (down from 45%) and lifted its year-end S&P 500 forecast to 6,100. The bank cited positive trade momentum and economic resilience.
🌍 U.S.–Saudi Investment Deal:
During his Middle East visit, President Trump secured a $600B commitment from Saudi Arabia for U.S. investments across defense, tech, and infrastructure — a key diplomatic and economic milestone.
📊 Daily Recap – Tickers Overview
🍎 $AAPL (Apple)
Open: 210.43 | High: 213.40 | Low: 209.00 | Close: 212.93 Change: +1.02%
$AAPL continues its rebound with strength above $210. Price now tests the 213.00 resistance zone. Support levels remain at 202.33 and 198.82.
🔥 $AMD (Advanced Micro Devices)
Open: 109.60 | High: 113.13 | Low: 109.00 | Close: 112.46 Change: +4.01%
$AMD rallied into wave 3 extensions, holding above prior breakout levels. Bulls eye 115+; short-term support lies near 101.72.
📦 $AMZN (Amazon)
Open: 211.08 | High: 214.84 | Low: 210.10 | Close: 211.37 Change: +1.31%
$AMZN is attempting to break back into the 212.00–215.00 zone. Momentum remains favorable with support at 190.68.
🪙 $COIN (Coinbase)
Open: 231.71 | High: 260.42 | Low: 231.49 | Close: 256.90 Change: +23.97%
$COIN exploded higher on S&P 500 inclusion news. The breakout through $224.44 targets $244.78 and beyond.
📱 $META (Meta Platforms)
Open: 645.54 | High: 660.92 | Low: 642.83 | Close: 656.03 Change: +2.60%
$META surged to new swing highs, closing above key resistance at 655.66. Price now targets 673.67.
💻 $MSFT (Microsoft)
Open: 447.78 | High: 450.67 | Low: 445.36 | Close: 449.14 Change: -0.03%
$MSFT held firm near highs, consolidating just under 454.76 resistance. Momentum remains intact unless price falls below 442.00.
🔍 $GOOGL (Alphabet)
Open: 158.79 | High: 160.57 | Low: 156.16 | Close: 159.53 Change: +0.68%
$GOOGL stabilized above 154.00 support but remains under pressure beneath the cloud. Bulls need a breakout above 160.50 for trend confirmation.
📈 $QQQ (Invesco QQQ ETF)
Open: 509.16 | High: 517.39 | Low: 508.42 | Close: 515.59 Change: +1.52%
$QQQ extended gains, closing above 515 resistance. The next target lies at 522.35, with prior support at 500.
🧠 $PLTR (Palantir)
Open: 119.92 | High: 130.60 | Low: 119.31 | Close: 128.10 Change: +8.14%
$PLTR blasted through the 120 level, validating the wave 5 extension. Resistance ahead lies at 135.00–140.00.
🚗 $TSLA (Tesla)
Open: 320.00 | High: 337.59 | Low: 316.80 | Close: 334.07 Change: +4.93%
$TSLA extended its right shoulder breakout, surging through the 320–330 zone. Next resistance stands at 343.00, with support at 311.00.
💼 $SPY (S&P 500 ETF)
Open: 583.41 | High: 589.08 | Low: 582.84 | Close: 586.84 Change: +0.66%
$SPY continues its steady climb, holding above the key 582.00 level. Resistance ahead is at 594.61, with firm support near 566.00.
