Podcast
Morning Dose #27: Morning Market Buzz U.S.-UK Trade Deal Optimism! – Friday 5/9/2025
Key takeaways
- Monitor key support and resistance levels for potential market direction changes. Stay informed as market conditions can shift rapidly. Have a profitable trading day!
Morning Dose: Morning Market Buzz U.S.-UK Trade Deal Optimism!
A quick analysis of today’s market outlook and key trading opportunities to start your day.
Intro & Market Mood
The Morning Dose – Everything You Need to Know Before the Market Opens. Markets are looking perky this morning, with the Dow up over 200 points and both the S&P 500 and Nasdaq showing gains of 0.5% and 0.4% respectively.
Overnight Headlines
- U.S.-UK Trade Deal: President Trump is expected to announce a potential trade deal today, sparking optimism in global trade sentiment.
- Apple Impact: While Apple dipped yesterday, the broader market seems unfazed as major indices hold steady.
Economic Announcements
Wholesale inventories rose by 0.4% in March, slightly below expectations but still a positive data point.
Earnings Highlights
WaveRider AI’s Analysis: Highlighting consolidation in SPY and QQQ with a slightly bearish sentiment, emphasizing the need for a decisive break above resistance for a bullish signal.
Top Movers
- XLI (Industrials): Showing strength in alignment with positive trade sentiment.
- XLY (Consumer Discretionary): Holding up well, signaling positive economic indicators.
Quick Trade Ideas
Trade Tip: Watch NVDA for potential swing trade setup, considering the positive news around chipmakers. Manage risk carefully!