U.S stock market rises at the end of week

The bullish sentiment continues strong before the weekly close. It seems the market are seeing positive result as tariff war paused. The current upward movement might continue for several days or weeks. However, the next sentiment will depend on the Fed interest-rate decision and what happen after tariff pause. If there is no resolution or the economic damage more than expected, then the market might turn bearish on the expectation of coming recession.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index keep building bullish pressure on the daily SMA 200 and attempting to print new higher high. The index might eventually break out higher, but traders will prepare for a bearish correction. The overall situation will depend on the Fed interest-rate decision after a string of weak data. At the current time, traders will wait for bearish pullback for a chance to enter long positions in stocks at a lower level.

First Solar, Inc (FSLR)

FSLR share prices jumped and trading near the daily SMA 200. It might continue the bullish movement as the upward movement has strong momentum. If the share prices turned lower to fill the gap, traders could enter long positions with stop order below the latest swing low. A close above the daily SMA 200 with strong momentum might confirm the start of a new bullish leg.