Yo, Singapore squad! Yesterday’s stock market was a ROLLERCOASTER, and I’m here to break down the epic bull-bear showdown in S&P 500 action, Singapore time style! Buckle up for some market madness that’ll keep you glued!
The S&P 500 was teasing that 5500 resistance level like it was trying to sneak into a VIP club. First two attempts? Bounced back like a bad karaoke performance! But at 10 PM SGT on April 25, 2025, the US dropped some spicy consumer confidence and inflation data. April’s Michigan Consumer Confidence hit 52.2 (smashing the 50.8 forecast), and 1-year inflation expectations came in at 6.5%, just under the expected 6.8%.
This was like jet fuel for the bulls! They charged again, pushing the index to a cheeky 5498.5—SO close to 5500, you could almost high-five it! But the bears roared back, smacking it down into a deeper dip. The bulls, though? They don’t quit! They regrouped, played it smooth, and went for round three. This time, they took it slow, with all the right warm-up moves (wink wink ). By midday US time (that’s early AM for us), BOOM! They smashed through 5500 around 1:30 AM SGT on April 26, 2025, tearing that resistance apart like a cheap T-shirt at a rave! Guess they learned you gotta ease into it, not just charge like a bull in a china shop!
After the breakout, the index did a couple of sassy backtests to confirm 5500 was solid, then skyrocketed by 1:30 AM SGT! But—DRAMA ALERT! Trump, chilling on Air Force One, threw shade, saying no tariff relief for China unless they bend. Markets took a dive to 5486! It was like, “Trump, why you gotta do us like that?” But the bulls were like, “Nah, we got this!” They yanked it back up, closing ABOVE 5500 by the US market close (around 4 AM SGT). Suck it, bears!
What’s the tea? The White House is playing nice, the Fed’s singing lullabies, Tesla’s out here dreaming big, and Nvidia + Amazon are like, “Data centers? WE’RE ALL IN!” All to keep the S&P 500 sitting pretty at 5500. CTAs are jumping in, and next week, corporate buybacks are crashing the party! Markets are all about cash and feels, and right now, the feels are .
But hold your bubble tea— don’t short at 5500. The charts were screaming “danger zone!” Sure, it’s a pressure point, but the market will eat your supper if you try to short now. Nasdaq was the MVP, up 1.26% thanks to Tesla and tech bros, while the Dow was basically napping. Falling bond yields gave tech a boost, but retail, energy, and banks? Zzz.
What’s next? The S&P’s got its eyes on 5800, but don’t get too hyped. This is a rebound, not a full-on glow-up. Sell at resistance, hoard cash, and prep for the next dip. Big funds got smoked in March’s crash—Norway’s sovereign fund lost $40B! They need time to escape, and Trump’s giving ‘em a window before the next storm.
Big pic: Bank of America says 5690 is the next wall, but we need Fed cuts, trade deals, and strong spending to climb it. Even if we do, it’s not all smooth sailing. This year’s a flip-flop market—up, down, repeat. VIX is chilling at 25, might dip to 18, but when it flips, WATCH OUT.
Oh, and Tesla? Elon’s self-driving dreams got Trump’s blessing, sending the stock up 22% in 5 days! Apple’s sneaking iPhone production to India, dodging China drama. But I’m still squinting at stocks caught in US-China beef. Short-term bounce? Cool. Long-term? Meh.
Phew, what a week! Go grab a kopi, you’ve earned it! See ya next week for more market chaos!
@TigerPM @Daily_Discussion @TigerObserver @TigerStars @Tiger_comments
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