U.S stock market move upward at the end of week

The stock market is choppy this week but maintain gain before the weekly close. Traders are focusing on the tariff update, which could alter the direction of the stocks. There were tariff announced but also words that it won’t take effect for companies which build in U.S. Over the weekend, we will get better clue on the statement and if there is new development it will reflect on Monday reactions.

Dow Jones Industrial Average (INDU)

DJIA index slightly gain after previous day’s bearish close. The index seems respecting the trend line and might consolidate near it for now. We will use the daily SMA 200 and the 41,354 swing low level as confirmation level. As long as the index stay above both levels, the trend is bullish. A breakout and close below the level will confirm a trend reversal.

Visa, Inc (V)

V share prices pulling back toward the daily SMA 200 where it always bounces in the past. A consolidation might happen near the level and traders will wait for the price to stabilize. When the price stabilize or form bullish reactions, then traders could start entering long positions.