Navigating Tariff Relief Market Moves: NVDA, AVGO, TSLA, AMD, TQQQ Insights

Markets experienced significant volatility as tariff policy adjustments drove major sector moves. While U.S. tariffs for most countries are paused for 90 days, tariffs affecting China surged to 125%, matched by an 84% reciprocal increase from Beijing. These developments set the stage for potentially lucrative trading opportunities. Here’s my breakdown of setups for Nvidia (NVDA), Broadcom (AVGO), Tesla (TSLA), AMD, and the TQQQ ETF.

Economic Drivers Shaping the Market

1. U.S. Tariff Policy Update: Reciprocal tariffs paused for many nations, sparking market optimism, but U.S.-China tensions escalated.

2. FOMC Minutes: Slight chance of a rate cut moved to June, reflecting caution in monetary policy.

3. Inflation Print Tomorrow: Higher inflation could add selling pressure to equities.

1. $NVDA ( ▲ 1.67% )  (Nvidia): Range-Bound Moves Near Critical Levels

Nvidia bounced sharply after pre-market lows but remains in a post-move range. Watch for direction around these levels.

Key Levels:

• Support: $110

• Resistance: $115

Trade Plan:

• Bullish: Dip buys near $110 if support holds, targeting $113-$115.

• Bearish: Sell near $115 resistance for pullbacks toward $112.

2. $AVGO ( ▲ 2.74% )  (Broadcom): Factor in Volatility Against Resistance

While Broadcom showed strength early, sellers stepped in at key resistance. Keep trades tight with clear stop placement.

Key Levels:

• Support: $177

• Resistance: $187

Trade Plan:

• Bullish: Dip buys around $178, scaling out at $183 and $187.

• Bearish: Short entries near $187 if momentum weakens.

3. $TSLA ( ▼ 1.09% )  (Tesla): Watching $270 as a Critical Pivot

Tesla is rebounding from a quadruple bottom and has room to run if $270 holds intraday.

Key Levels:

• Support: $264

• Resistance: $275

Trade Plan:

• Bullish: Long above $270, targeting $275-$277.

• Bearish: Short below $270, with dips to $264 and $260 support levels.

4. $AMD ( ▲ 3.52% ) : Strong Momentum After Intraday Rally

AMD saw significant bullish sentiment unrelated to tariff changes but needs confirmation at these levels.

Key Levels:

• Support: $93

• Resistance: $97

Trade Plan:

• Bullish: Long near $93 support, with a target of $95-$97.

• Bearish: Short below $93, targeting $90-$91.

5: $TQQQ ( ▲ 2.3% )  : Leveraged Trades for Broader Market Sentiment

Given broad moves in Nasdaq, TQQQ provides a clean setup for traders who want to avoid picking individual equities.

Key Levels:

• Support: $52.50

• Resistance: $54.60

Trade Plan:

• Bullish: Long above $52.50 for moves toward $54.

• Bearish: Short below $52.50, with stops above $53 and target close to $49.

Final Thoughts on Tariff-Driven Markets

Tariff pauses for non-China nations prompted a market rally, but the upcoming inflation report and rising U.S.-China tensions keep risks high. Stick to defined levels, wait for confirmation, and manage risk diligently.