📰 Macroeconomic Market Brief
📉 Inflation Eases, Market Reacts
April's Producer Price Index (PPI) unexpectedly declined, marking the steepest drop in services costs since 2009, while retail sales saw only a 0.1% rise—down sharply from March’s 1.7% gain. This cooling inflation backdrop reinforced investor confidence in potential rate relief.
🌍 Middle East Capital Flow Surges
Qatar pledged $1.2 trillion in strategic U.S. investments across sectors including aerospace, energy, and AI. The standout: a record-breaking $96B Boeing order estimated to support 400,000 U.S. jobs. In parallel, Qualcomm is expanding AI infrastructure in partnership with Saudi Arabia.
🛒 Retail Sector Faces Tariff Fallout
Walmart issued warnings that price hikes may hit U.S. consumers by month’s end, despite the easing U.S.-China tariff truce. Freight bookings from China jumped 50% as businesses rushed to import before costs climb again.
🧭 Economic Signals Mixed
While the Philly Fed’s index hit its second-highest reading in four years, the Empire State index remained in contraction territory. Meanwhile, corporate headlines stirred volatility: UnitedHealth slumped amid DOJ scrutiny, and Dick’s Sporting Goods acquired Foot Locker for $2.4B. Trump added pressure on Apple to scale back India operations.
⚖️ Trade Shifts Disrupt Supply Chains
Despite short-term tariff reductions, the U.S. is seeking new trade deals with Japan and India. Trump claims India has offered “literally zero tariffs” on U.S. goods—a significant shift in global trade negotiations.
🛢️ Crude Oil Dips on Diplomatic Progress
Oil prices softened as Trump confirmed advanced talks with Iran over a potential nuclear deal that could lift sanctions and boost global oil supply.
📊 Daily Market Recaps
🍎 $AAPL (Apple Inc.)
Open: 210.95 | High: 212.96 | Low: 209.54 | Close: 211.44 | Change: -0.42%
AAPL remains rangebound just under 213.00 resistance. A breakout above this level could trigger the next leg toward 219.00 and 223.00.
✅ Calls Above: 213.00
⚠️ Avoid Calls Below: 206.50
🔴 $AMD (Advanced Micro Devices)
Open: 117.02 | High: 117.50 | Low: 114.01 | Close: 114.99 | Change: -2.32%
AMD pulled back after tagging the 1.618 extension at 117.55. A move back above that level is needed to reestablish bullish momentum.
✅ Calls Above: 117.55
⚠️ Avoid Calls Below: 106.50
📦 $AMZN (Amazon.com Inc.)
Open: 206.45 | High: 206.88 | Low: 202.67 | Close: 205.17 | Change: -2.42%
AMZN slipped below its key 0.618 retracement zone. Watch 206.50 for a breakout reclaim; otherwise, downside targets near 197.65 could come into play.
✅ Calls Above: 206.50
⚠️ Avoid Calls Below: 202.00
✈️ $BA (Boeing Co.)
Open: 207.35 | High: 208.60 | Low: 205.42 | Close: 206.24 | Change: +0.74%
BA continues to grind higher above its breakout zone. A clean push through 211.69 could ignite the next leg toward 217–223.
✅ Calls Above: 211.69
⚠️ Avoid Calls Below: 203.00
🪙 $COIN (Coinbase Global Inc.)
Open: 256.50 | High: 257.85 | Low: 240.00 | Close: 244.49 | Change: -7.18%
COIN reversed hard after testing the 2.618 extension at 267.29. Bulls must reclaim 257 to reassert control.
✅ Calls Above: 257.00
⚠️ Avoid Calls Below: 244.00
🔍 $GOOGL (Alphabet Inc.)
Open: 165.84 | High: 166.21 | Low: 162.37 | Close: 163.98 | Change: -0.84%
GOOGL tested and rejected near the 0.618 retracement. A breakout above 169.99 would clear the way toward the 176–180 zone.
✅ Calls Above: 169.99
⚠️ Avoid Calls Below: 160.50
📘 $META (Meta Platforms Inc.)
Open: 654.27 | High: 657.31 | Low: 638.58 | Close: 643.88 | Change: -2.35%
META pulled back after tagging fib resistance at 656.82. Short-term trend remains bullish above 634.50, but caution below that level.
✅ Calls Above: 656.82
⚠️ Avoid Calls Below: 634.50
💻 $MSFT (Microsoft Corp.)
Open: 450.76 | High: 456.19 | Low: 450.43 | Close: 453.13 | Change: +0.23%
MSFT remains in breakout mode. A push through 454.76 could open room toward the 2.618 fib extension at 486.
✅ Calls Above: 454.76
⚠️ Avoid Calls Below: 442.00
🔷 $NVDA (Nvidia Corp.)
Open: 134.29 | High: 136.30 | Low: 132.66 | Close: 134.83 | Change: -0.38%
NVDA paused below the 1.618 extension at 141.12. It remains in bullish structure but must hold 132.00 to avoid breakdown.
✅ Calls Above: 136.00
⚠️ Avoid Calls Below: 132.00
🧠 $PLTR (Palantir Technologies Inc.)
Open: 129.01 | High: 133.49 | Low: 127.56 | Close: 130.18 | Change: +1.62%
PLTR continues to push above prior resistance, aiming for 135–140. A hold above 126 keeps the trend constructive.
✅ Calls Above: 133.49
⚠️ Avoid Calls Below: 126.00
📊 $QQQ (Invesco QQQ Trust)
Open: 516.52 | High: 521.93 | Low: 515.17 | Close: 519.25 | Change: +0.11%
QQQ held above 515 and extended its wave 3 rally. Next major resistance sits near 522.35 and 533.81.
✅ Calls Above: 522.35
⚠️ Avoid Calls Below: 515.00
📈 $SPY (SPDR S&P 500 ETF Trust)
Open: 585.56 | High: 590.97 | Low: 585.10 | Close: 590.46 | Change: +0.49%
SPY continued its upward breakout above the 582.00 resistance zone, confirming wave 3 strength. With momentum intact and the 1.618 Fibonacci extension targeting 616.57, bulls remain in control.
✅ Calls Above: 594.61
⚠️ Avoid Calls Below: 582.00
⚡ $TSLA (Tesla)
Open: 340.34 | High: 346.14 | Low: 334.72 | Close: 342.82 | Change: –1.40%
TSLA pulled back slightly after hitting resistance at the 0.618 Fibonacci retracement near 353.60. Price is still holding above the 327–334 neckline zone from the prior inverted head-and-shoulders breakout, which is now key short-term support. If bulls defend this region, a move back toward 353–374 is possible. Watch for dips into the 334–327 zone for potential entries.
✅ Calls Above: 346.00
⚠️ Avoid Calls Below: 327.0
