📊 Daily Market Recap – May 12, 2025
U.S.–China Tariff Adjustment:
The U.S. announced a temporary reduction in tariffs to 30%, which includes a specific 20% rate on fentanyl-linked goods. China responded by lowering its tariffs to 10%. This 90-day truce surpassed market forecasts, which had anticipated a 60–80% chance of action. Bessent called the discussions “constructive,” with further talks already planned.
Market Reaction & Analyst Insight:
Analysts were surprised by the scale of the tariff adjustments. Buchbinder noted, “These numbers weren’t on anyone’s radar,” while adding that the development signals easing tensions rather than a finalized trade pact.
Fed Policy Outlook Shifts:
Recession worries quickly diminished. The CME FedWatch tool now shows a 57% probability that interest rates will remain unchanged through July, up from just 40% last week. Treasury yields jumped in response to the shift in sentiment.
Drug Pricing Directive:
A new executive order from President Trump aims to peg U.S. prescription drug costs to the lowest prices available in comparable countries. Pharmaceutical stocks initially fell on the announcement but rebounded as rollout specifics became clearer.
🍎 $AAPL (Apple Inc.)
Open: 210.97 | High: 211.27 | Low: 206.75 | Close: 210.79 Change: +6.31%
$AAPL surged into resistance at 213.00 after a strong move from support. A close above this level could open the way for further gains toward 217.48 and 223.00. Key support remains at 202.33 and 198.82.
💻 $AMD (Advanced Micro Devices)
Open: 110.42 | High: 110.67 | Low: 106.98 | Close: 108.12 Change: +5.13%
$AMD bounced off recent lows and tested the 108–110 resistance zone. Continued strength above 110.67 could challenge 113.30 next. Support remains near 100.38 and 97.47.
📦 $AMZN (Amazon.com Inc.)
Open: 210.71 | High: 211.66 | Low: 205.75 | Close: 208.74 Change: +8.12%
$AMZN delivered a powerful breakout above the cloud and recent resistance at 192.00, clearing the 200.00–206.00 range with strength. The breakout targets the 215.00 and 222.00 zones next. Key support on a pullback lies at 200.50 and 195.50.
🪙 $COIN (Coinbase Global Inc.)
Open: 208.94 | High: 213.60 | Low: 205.61 | Close: 207.22 Change: +3.96%
$COIN reclaimed the $204 resistance and closed just under the upper end of its consolidation zone. With an inverse head-and-shoulders pattern forming, a breakout above $213.60 opens the path toward $224.44 and $244.78. Support holds at $197.15 and $191.41.
🔍 $GOOGL (Alphabet Inc.)
Open: 157.49 | High: 159.10 | Low: 156.25 | Close: 158.45 Change: +3.73%
$GOOGL rebounded off the 154.00 support level, posting a strong bounce within the Ichimoku cloud. Price remains capped under resistance at 160.50 and a downtrend line from February highs. A breakout above 161.82 would open room toward 168.00. Support remains at 154.00 and 147.00.
📘 $META (Meta Platforms Inc.)
Open: 630.92 | High: 640.39 | Low: 621.03 | Close: 639.43 Change: +7.92%
$META surged through the Ichimoku cloud and closed above the key 634.53 resistance level. This breakout reaffirms bullish momentum, with next resistance at 655.66 and 673.67. Support now shifts to 622.54 and 609.11.
🧠 $MSFT (Microsoft Corp.)
Open: 445.94 | High: 449.37 | Low: 439.78 | Close: 449.17 Change: +2.38%
$MSFT powered higher, breaking through the key $438.00 and $442.00 resistance levels with strong momentum. If it holds above $448.00, bulls could eye the $454.76 zone next. Immediate support now sits at $442.00 and $438.00.
📉 $NVDA (Nvidia Corp.)
Open: 121.97 | High: 123.00 | Low: 120.28 | Close: 123.00 Change: +5.44%
$NVDA broke out above key resistance at 120.00, confirming bullish momentum. With a strong close at the high of the day, next resistance levels are seen at 126.15 and 132.00. Support now shifts to 117.22 and 113.00. Continuation above 123.00 can lead to 134.19.
✅ $QQQ (Invesco QQQ Trust)
Open: 506.99 | High: 507.89 | Low: 501.48 | Close: 507.85 Change: +4.07%
$QQQ extended its breakout rally with a strong close just below 508. A breakout above 509.00 could accelerate momentum toward 515.00 and 522.35. Immediate support rests at 488.00 and 483.00; losing those could trigger a pullback toward 477.00.
📈 $SPY (S&P 500 ETF)
Open: 581.47 | High: 583.00 | Low: 577.04 | Close: 582.99 Change: +3.30%
$SPY cleared major resistance at 582.00, confirming a breakout and reigniting bullish momentum. A sustained move above this level opens the path toward 594.61 and 609.00. Immediate support sits at 566.00 and 550.00 on any pullback.
🚗 $TSLA (Tesla Inc.)
Open: 321.99 | High: 322.21 | Low: 311.50 | Close: 318.60 Change: +6.82%
$TSLA surged after confirming an inverse head and shoulders pattern breakout. The close near the session high strengthens the case for a continuation toward 327.00, 334.00, and 343.00. Initial support now lies at 311.00 and 301.74. A hold above 311.00 is key for maintaining upside momentum.
