U.S stock mixed as AI sector weigh the market

DJIA index gaining strongly while S&P 500 attempt to turn positive while Nasdaq lower. Today session mostly driven by the AI sector which in pullback since previous week. A new balance will be formed after the correction done and currently traders will continue to use downward movement in the stock market as chance to add long positions. When the government re-opening, we might see more buying pressure in the stock market.

Dow Jones Industrial Average (INDU)

DJIA index gaining with strong momentum and looks will test the previous record high soon. We expect the index to continue the bullish movement, print more record high and target the 49,341 & 50,000 handle. A bearish correction might happen but under current situation, the odds are higher for a bullish breakout.

TeraWulf Inc (WULF)

WULF share prices trading lower after the latest earnings result. The bearish movement has strong momentum where it might bring the share prices down to the 38.2% – 61.8% Fibonacci Retracement level. Traders could observe the share prices reactions near the daily SMA 100 & $10.00. When there is strong bullish reactions, traders could enter long positions.