S&P 500 Daily Update for Tuesday April 8, 2025

Link to The SPX Investing Program https://spxinvesting.substack.com/

Summary of the Daily Update for Monday, April 7th, 2025, regarding the market action and outlook for Tuesday, April 8th:
On Monday, April 7th, the stock market experienced a volatile, choppy session. It opened with a significant drop, driven by ongoing tariff concerns, falling below key technical levels. A false rumor about a 90-day tariff delay sparked a sharp rally, pushing the S&P nearly to 5,221, but the White House debunked this, leading to a pullback. The market closed slightly down (-0.23%) after a wild 8.8% intraday swing, with heavy volume reflecting portfolio adjustments. Despite the down day, some stabilization signs emerged—mega caps and semiconductors bounced, and money shifted back from bonds to stocks as interest rates rose (10-year yield hit 4.16%). However, the broader trend remains negative, with technical damage evident across short, intermediate, and long-term indicators (e.g., VIX at 46.98, S&P down 17.61% from its February high).
Tariffs dominated headlines, rattling markets despite being anticipated. The initial shock may be overreacting, but uncertainty persists about whether this is a healthy correction or a deeper shift. Key concerns include revised-down earnings forecasts and recession fears. Tuesday’s outlook remains cautious—short and intermediate trends are negative, though slight improvements (e.g., futures up over 1% overnight) suggest a potential bounce. No major economic reports are due Tuesday, leaving tariffs as the focus. Longer-term, the market is mixed, clinging to uptrends but vulnerable to further declines if support levels fail.
In short: a turbulent Monday showed tentative stabilization, but Tuesday’s direction hinges on whether the bounce gains traction or fades amid persistent negativity.

PDF of Charts and Slides used in today's video:
https://drive.google.com/file/d/1K8MG-E8V8kb910MoVMGDvqM3oeuAO-mu/view?usp=sharing

My Exclusive Free Workshop: The Four P's of Building a Successful Investing Program → https://spxinvesting.mailchimpsites.com

Facebook Private Group:
https://www.facebook.com/groups/667271964721864

DISCLAIMER This video is for entertainment purposes only. I am not a financial adviser, and you should do your own research and go through your own thought process before investing in a position. Trading is risky!