NDXUSD

The NASDAQ Index showed a strong rise following signals of a softening in Trump’s trade war policies and the announcement that he would not dismiss Powell. While the index recorded a 2.3% increase, Tesla shares rose 8% after Elon Musk promised to refocus on the company. However, Tesla's first-quarter financial results were disappointing; revenues fell by 9%, automotive revenues decreased by 20%, and adjusted revenues dropped by 39%. While the technology giants known as the "Magnificent Seven" (Amazon, Apple, Microsoft, NVIDIA, Alphabet, Meta, and Tesla) continue to drive S&P 500 growth, their shares are under pressure due to margin squeeze, geopolitical risks, and concerns about the sustainability of massive artificial intelligence investments. From a technical perspective, continued selling pressure can be expected for the index, which is trading below the pivot level. With the earnings season approaching, it is deemed appropriate to execute stop-loss trades close to the levels while trading.