BREAKING MARKET NEWS RALLY:🚨TRUMP: 90-DAY PAUSE APPLIES TO RECIPROCAL AND 10% TARIFFS, EFFECTIVE IMMEDIATELY.🚨

Today's market has seen a dramatic reversal following President Trump's announcement of a 90-day pause on reciprocal and 10% tariffs. This news has triggered a significant market rally, with major indices showing substantial gains.

Key Events Today – April 9, 2025:

• President Trump stuns markets by announcing a 90-day pause on China and reciprocal tariffs, triggering a market-wide rally.

• MegaCap Tech stocks soar: $AAPL +11.3%, $NVDA +13%, $TSLA +13.5%, $META +8.5%, $AMZN +7.5%, $MSFT +7.8%, $GOOGL +6.4%.

• Bond market strength fuels equity surge as 10Y auction sees strong demand (4.435% yield, high bid-to-cover).

• S&P 500 (SPY) up 6.72%, Nasdaq 100 (QQQ) up 8.54%, Bitcoin (BTC) rockets past $81,800 (+5.9%).

• Crypto euphoria builds after VanEck confirms China & Russia settle energy trades in Bitcoin; Trump’s team declares a “golden age” for crypto.

• Semis & Cloud sectors lead: $MU +12%, $SMH +10%, Google Cloud Next 2025 kicks off today in Las Vegas.

• VIX crushed (-26%), market breadth at YTD highs, SPX eyeing limit-up threshold (+7%) on Fed momentum and tariff optimism.

🔥 High-Conviction Trades:

• $NVDA, $TSLA, $META calls for continuation plays

• $BTC, $ETH, $IBIT swing entries into crypto breakout

• $SPY & $QQQ momentum setups above key VWAPs

• $GDX, $GLD fade into strength on risk-on reversal

Stock Market News

Major Market Movement

The NASDAQ 100 is soaring more than 10%, marking its biggest gain since October 2008. This surge follows President Trump's announcement regarding tariffs, which appears to have significantly improved market sentiment after days of downward pressure.

Key Stock Movements

Megacap stocks have jumped substantially after Trump's tariff announcement:

• Apple (AAPL): Up 11%

• NVIDIA (NVDA): Up 13%

• Amazon (AMZN): Up 7.5%

• Alphabet (GOOGL): Up 6.4%

• Tesla (TSLA): Up 13.5%

• Microsoft (MSFT): Up 7.8%

• Meta Platforms (META): Up 8.5%

Key Events and Catalysts:

• Google Cloud Next 2025: Commencing today in Las Vegas, this event is expected to unveil significant product innovations and trends in cloud computing and AI. ​Google Cloud+2TechRadar+2Yahoo Finance+2

• Meta's LlamaCon: Scheduled for April 29, Meta will host its inaugural generative AI developer conference, focusing on advancements in open-source AI developments. ​Yahoo Finance+6TechCrunch+6Sunrise Geek+6

Economic Indicators:

• Inflation Data Release: The Consumer Price Index (CPI) figures are set to be released on April 10, providing insights into inflation trends and potential implications for monetary policy. ​

Earnings Reports:

• Financial Sector: Major banks, including JPMorgan Chase and Wells Fargo, are scheduled to report their first-quarter earnings on April 11, offering a glimpse into the financial health of the banking industry.

The S&P 500 index (SPX) is up 5.5% and could potentially hit the limit up threshold of 7%.

High-Conviction Trade Ideas

1. NVIDIA (NVDA) - Rating: 9.5/10 News: "TRUMP ADMIN BACKS OFF ON CHIP H20 CHIP CRACKDOWN" (CNBC, 9:46 AM) Analysis: NVDA is up 13% and back over $100 on this headline. This policy shift removes a significant regulatory obstacle for NVIDIA's semiconductor business, particularly in relation to China-related operations. With strong market momentum already in place and the removal of this regulatory concern, NVDA has strong upside potential.

2. Apple (AAPL) - Rating: 9.0/10 News: Apple showing "impressive relative strength" despite market conditions. Analysis: AAPL is up 11% following the Trump tariff announcement. The 90-day pause significantly reduces near-term concerns about increased costs from Chinese manufacturing. Additionally, options activity shows 7,500 May $185 calls being bought at $10.15, indicating bullish sentiment.

3. Tesla (TSLA) - Rating: 8.7/10 News: TSLA up 13.5% following Trump's tariff announcement. Analysis: Tesla has been showing "impressive relative strength" with gains near 5% even before the major tariff news. This resilience during market weakness, combined with the tariff pause, positions Tesla for continued momentum.

4. Semiconductor Sector (SMH/SOXL) - Rating: 9.2/10 News: Semiconductors showing strength as "quite a tell maybe for market." Analysis: The semiconductor sector has remained green throughout the morning, showing leadership even before the tariff announcement. With the additional news about the H20 chip crackdown being backed off, this sector has multiple positive catalysts.

Trump Trading News

Tariff Policy Shifts

President Trump has announced he is "raising the Tariff charged to China by the United States of America to 125%, effective immediately." However, for other countries, Trump has "authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately."

The pause applies to both reciprocal and 10% tariffs, and is effective immediately. This represents a major shift from the previous tariff stance and appears to be driving today's market rally.

According to commentary, "With today's decision to put a 90-day pause on reciprocal tariffs for countries angling to negotiate with the U.S., one can make a case that there is in fact a Trump put and that a bear market (20%+ decline from prior high) is the threshold."

Treasury Secretary Comments

U.S. Treasury Secretary Bessent stated: "COUNTRIES WHO DID NOT RETALIATE WILL BE REWARDED." This indicates a strategic approach to the tariff negotiations and suggests potential favorable treatment for cooperative trading partners.

Bessent also "calls China biggest source of US trade problems" but is "not calling it a trade war."

Additionally, "Mexico and Canada [are] included in 10% tariff" according to Bessent.

Federal Reserve News

Minutes from the last Federal Reserve meeting reveal that "inflation had eased significantly over the past two years but remained somewhat elevated relative to the Committee's 2 percent longer-run goal."

Fed minutes indicate "a majority said inflation could be more persistent" and that the Fed "may face difficult tradeoffs if inflation more persistent."

The Fed observed that the economy "continued to grow at a solid pace and labor market conditions remained broadly balanced, but that inflation stayed somewhat elevated." The minutes also noted that "participants generally saw increased downside risks to employment and economic growth and upside risks to inflation while indicating that high uncertainty surrounded their economic outlooks."

Bond Market News

The 10-year Treasury note auction showed strong results with a high yield rate of 4.435% (previous 4.310%) and a bid-cover ratio of 2.67 (previous 2.59). Notably, indirect acceptance jumped to 87.9% from the previous 67.4%.

This strong bond auction appears to have had a positive effect on the stock market, contributing to the upward movement.

Cryptocurrency News

Bitcoin is up +6.5% and "held green all day with IBIT call buys." The cryptocurrency is showing resilience amidst the broader market volatility and appears to be benefiting from the improved market sentiment following the tariff news.

Bitcoin is "sustaining into highs of day still here +2%." The continued strength throughout the day suggests solid support for the cryptocurrency.

Trading Action Plan (90%+ Probability)

Intraday Trades:

1. NVIDIA (NVDA) Long

   • Entry: Current market price

   • Target: +3% from entry

   • Stop: -1.5% from entry

   • Rationale: The news about Trump backing off on the chip H20 crackdown is highly positive for NVDA. Combined with the 90-day tariff pause, this creates dual positive catalysts that are likely to sustain momentum throughout the day.

2. Semiconductor ETF (SOXL) Long

   • Entry: Current market price

   • Target: +5% from entry

   • Stop: -2% from entry

   • Rationale: Semiconductors have shown strength all morning, remaining green even during market weakness. This leadership position, combined with the multiple positive catalysts from the tariff news and H20 chip policy, makes this sector particularly attractive.

Overnight Trades:

1. S&P 500 (SPY) Long

   • Entry: Last hour of trading

   • Target: Gap up tomorrow morning

   • Stop: Below today's midday low

   • Rationale: ES_F (S&P futures) is "looking like limit up +7% here at 5416, remarkable." The market sentiment has shifted dramatically positive, and with a strong close likely today, a follow-through gap up tomorrow has high probability.

2. AAPL Long

   • Entry: Last 30 minutes of trading

   • Target: Prior resistance levels

   • Stop: Below today's VWAP

   • Rationale: Apple is up 11% following the Trump announcement and sees significant bullish options activity with large call buying. As one of the market leaders with strong relative performance, it's positioned well for continued upside.

Market Sentiment Analysis

Bullish Sectors:

1. Semiconductors/Technology: Leading the market with impressive relative strength

2. Megacap Tech: Showing substantial gains following the tariff news

3. Bitcoin/Crypto: Maintaining positive momentum throughout the day

Bearish Sectors:

1. Defense/Military: Potential pressure from easing geopolitical tensions

2. Gold/Precious Metals: Gold paring gains after the Trump tariff announcement, "last up 3.1% at $3,072.80/oz"

3. Retail/Consumer Goods: Import cargo at major US container ports expected to drop dramatically beginning next month according to National Retail Federation & Hackett Associates

Conclusion

Today's market landscape has been dramatically reshaped by President Trump's announcement of a 90-day pause on reciprocal and 10% tariffs for countries negotiating with the U.S., while increasing tariffs on China to 125%. This has triggered a significant market rally, with the NASDAQ 100 seeing its largest gain since 2008.

The most promising trading opportunities exist in the semiconductor sector, particularly NVIDIA, which benefits from both the tariff pause and the administration backing off on the H20 chip crackdown. Megacap tech stocks like Apple and Tesla also present strong opportunities given their impressive gains and relative strength.

Traders should monitor the situation closely as market dynamics can shift rapidly, but the current sentiment has turned decisively positive in the short term.