Monthly Archives: May 2025
41654156156Chart the Market (05/05/2025)
Written on May 5, 2025 at 6:14 am, by pumarketings
Hang Seng Index: The Hang Seng Index is trading higher and approaching a critical resistance zone. The MACD shows strengthening bullish momentum, while the RSI stands at 57, indicating a tilt toward bullish bias as it continues to stay above the midline. From a technical pattern perspective, there’s potential for a double top formation. ToContinue Reading
Dollar Firms as Labor Market Defies Macro Headwinds
Written on May 5, 2025 at 6:05 am, by pumarketings
Market Summary Markets traded mixed on Friday as investors digested stronger-than-expected April U.S. jobs data, which offered tentative relief following a week of downbeat economic prints. Nonfarm payrolls rose by 177,000—beating expectations of 130,000—while the unemployment rate held steady at 4.2%. Solid hiring in healthcare and logistics offset a decline in federal jobs, suggesting theContinue Reading
Chart the Market (05/05/2025)
Written on May 5, 2025 at 6:05 am, by pumarketings
NASDAQ, Daily The Nasdaq index is trading higher, extending its rebound from the strong support level at 17,105.00, driven in part by renewed trade optimism. The index is currently testing a critical resistance level at 20,255.00. Technically, MACD indicates growing bullish momentum, while the RSI is at 59, suggesting the bullish bias may continue asContinue Reading
