Market Gaps Up, But Can It Hold?

Stocks surged after news that President Trump has no plans to fire Fed Chair Powell hits the wire, and earnings from Tesla and others juice post-market action. But overhead resistance and lasting tariff headwinds mean it's not pure smooth sailing. David breaks down five setups for the next session—these are ideas, not recommendations. Set your stops, size with discipline, and let the price action confirm.

What’s Moving the Market?

• Fed & Tariffs: Fed commentary and a White House nod to keeping Powell helped spark a rally, but tariff talks are still unresolved.

• Economic Data: Watch for flash PMI at 9:45am ET and New Home Sales. Neither is likely to swing the market alone, but could add fuel if volatility’s already high.

• Earnings: Tesla missed on both top and bottom line but rallied anyway. Boeing and Google up next. Stock-specific catalysts may move names out of their ranges.

NIKE ( $NKE ( ▼ 0.55% ) ): Eyes on $59.50 Resistance

• Support: $58

• Resistance: $59.50

Nike showed strong intraday action today, closing above a clear uptrend. If $58 holds, look for a push toward $59.50. Don’t chase—let price consolidate first and use the trend to your advantage. If markets roll over or bonds spike, be quick to step aside.

NETFLIX ( $NFLX ( ▼ 1.96% ) ): Watching for All-Time High Break

• Support: Current daily close / $935

• Resistance: All-time high / $1,064

Earnings were strong, so as long as NFLX holds its close, bulls can look for a swing up through all-time highs. Not a pure day-trade setup—consider scaling in if price proves above $1,064. Don’t short new highs—stay patient for bullish confirmation.

NVIDIA ( $NVDA ( ▲ 3.25% ) ): $100 Level Is the Battleground

• Support: $98

• Resistance: $100 / up to $102.50

NVDA regained $100 with conviction, after multiple tests of $98. Look for buyers around $100—if it consolidates and pushes higher, targets come into play near $102.50. Avoid chasing breakouts, and don’t flip short unless $100 fails again.

TESLA ( $TSLA ( ▲ 0.43% ) ): Dual Thesis at $250

• Key Level: $250

Tesla’s Q1 results disappointed, but the market’s focused on signs that Elon will refocus on Tesla. If the price holds above $250, watch for dips to buy, targeting $260. If it fades under $250, short setups open toward $245 and possibly $238 support, where price chopped around after the earnings call. Stay nimble.

APPLE ( $AAPL ( ▼ 0.24% ) ): “No Bad News” Is Bullish

• Support: $198 / $200

• Resistance: $201–$202 / $205

Apple rallied hard above $200, on little direct news—sometimes "no news is good news." If price holds the top of today’s range ($201–$202), look for the next push to $205. Fade trades can set up below $200, targeting $198, but only if the move is strong and broad-based.

Bottom Line

Strong post-market price action is setting up some powerful moves, but resistance is directly overhead for many leaders. Use tight stops, don’t chase, and let setups come to you if volatility picks up. These are David’s ideas—check in again for more key levels and tactical insight in tomorrow’s video. Good luck!