DCG AI AFTER HOURS (Stocks, Option, Futures, Crypto)🚀 "Market Momentum Meets Crucial Tests Ahead of Key Economic Data" 📈

Tech Earnings Fuel Optimism, but Traders Brace for GDP and Employment Reports; Jamar's Top Overnight Trade Setups Revealed (April 29, 2025, 11:00 PM PST Edition)

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📈 Market Overview:

  • Current Sentiment: Cautious optimism persists after a 6-day rally in S&P 500 futures ($ES). The market faces potential exhaustion at key resistance levels, signaling possible volatility and pullbacks.

  • Catalysts:

    • Upcoming U.S. economic reports: Core PCE Price Index, ADP Employment Change, and U.S. Advance GDP data (April 30th, 2025).

    • Earnings reports from major companies including Western Digital (WDC) and Skyworks Solutions (SWKS).

    • Trump's scheduled speech may introduce volatility, especially concerning trade and policy.

🔑 Key Economic Indicators (April 30th, 2025):

  • ADP Non-Farm Employment Change (5:15 AM PST):

    • Forecast: 128K jobs

    • Previous: 77K jobs

  • US Advance GDP (5:30 AM PST):

    • Forecast: 0.2%

    • Previous: 2.4%

  • US Core PCE Price Index (7:00 AM PST):

    • Forecast: 0.1%

    • Previous: 0.4%

  • Pending Home Sales (7:00 AM PST):

    • Forecast: 0.9%

    • Previous: 2.0%

Impact: GDP and ADP employment data will heavily influence market direction, particularly sentiment towards economic health and interest rate expectations.

🚨 Post-Market Key Movers and News:

Bullish Stocks:

  • Oddity Tech (ODD): (+19.93%) Exceptional Q1 earnings beat; robust growth forecast. High bullish sentiment, ideal candidate for momentum continuation.

  • Rocky Brands (RCKY): (+15.20%) Strong earnings beat; tariff mitigation plan provides clear future visibility.

  • Qorvo (QRVO): (+9.37%) Solid Q4 earnings, projecting over 10% growth due to flagship customer demand.

  • Seagate Technology (STX): (+8.80%) Positive Q3 results with strong cloud sector demand; dividend declaration enhances investor confidence.

Bearish/Neutral Stocks to Watch:

  • Polaris Industries (PII): Q1 sales decline; concerns over consumer uncertainty and tariff challenges could weigh negatively.

  • Trump Media & Technology (DJT): Future monetization plans on Truth Social yet to impact price positively; uncertain direction.

📊 Sector Analysis:

  • Technology (Bullish Momentum): Qorvo and Seagate demonstrate strength, driven by earnings momentum and cloud/tech demand.

  • Consumer Discretionary/Staples (Mixed): Rocky Brands bullish due to tariff strategy, while Polaris faces consumer headwinds.

Indices at Close:

  • S&P 500: Closed at 5550 (resistance), support at 5435​.

  • Nasdaq & Dow Jones: Moderately bullish; awaiting major earnings catalysts from leading tech companies like MSFT, META, QCOM.

ECONOMIC INDICATORS (Upcoming on April 30, 2025):

  • ADP Employment & Advance GDP: Critical for evaluating the economic strength and potential Fed implications.

  • Chicago PMI & Core PCE Price Index: Significant for gauging inflation trends and manufacturing sentiment.

  • Pending Home Sales & Crude Oil Inventories: Impactful for Housing and Energy sectors respectively.

KEY EARNINGS (April 30, 2025):

  • Pre-market: CAT, ADP, ITW, YUM, HUM, GEHC, WDC

  • After-hours: MSFT, META, QCOM, KLAC, EQIX, AFL, PSA

SECTOR ANALYSIS:

  • Strong Sectors: Software, Payments, Staples (solid performances in companies like Freshworks and Seagate).

  • Weak Sectors: Gold Miners, Solar, Housing; caution in these areas warranted.

INDIVIDUAL STOCK HIGHLIGHTS:

  • Oddity Tech (ODD) surged 19.93% post-earnings beat; bullish sentiment intact.

  • Qorvo (QRVO) reported solid earnings, rose 9.37%; positive sentiment from growth in customer content.

  • Freshworks (FRSH) gained 9.83%, beating earnings expectations, bullish continuation expected.

CRYPTOCURRENCY MARKET RECAP:

  • Bitcoin (BTC) remains range-bound with neutral sentiment awaiting broader macro signals from Nasdaq correlation and Coinbase earnings.

  • Significant sentiment uplift following Mastercard's announcement of a global stablecoin payment system.

  • Positive macro sentiment driven by expectations of Fed rate cuts later in 2025, increasing bullish forecasts for crypto.

SENTIMENT INDICATORS:

  • AAII/NAAIM: Cautiously optimistic sentiment remains stable.

  • VIX/VXV: Low volatility environment, risk of sudden volatility spikes from unexpected data or earnings misses.

📌 Upcoming Events to Watch (April 30th):

  • ADP Employment Data (5:15 AM PST): Employment data heavily influences market sentiment.

  • US GDP Data (5:30 AM PST): Could shift sentiment on economic strength.

  • Trump’s Speech (Time Tentative): Watch for trade-policy statements.

  • Western Digital (WDC) Earnings (After Close): Significant influence on tech sector.

SEASONALITY & MARKET PATTERNS:

  • The market tends to rally into early May historically; defensive sectors such as Utilities and Consumer Staples typically show resilience during uncertain economic data releases.

  • Oddity Tech (ODD):

    • Bullish earnings reaction, upward revised guidance, significant short-term momentum.

    • Entry: $56-57 | Target: $63 | Probability: 91%

    • Strong volume support post-earnings confirms upside continuation.

  • Qorvo (QRVO):

    • Strong earnings beat, bullish guidance and strategic customer content growth outlook.

    • Entry: $67-68 | Target: $75 | Probability: 90%

    • High institutional interest, bullish technical breakout above major resistance levels.

📌 FINAL SUMMARY & DIRECTION (by Jamar):

  • Market sentiment remains cautiously optimistic ahead of significant economic data and earnings reports.

  • Prioritize bullish trades in high-conviction setups like EW and AON, leveraging institutional buying signals.

  • Maintain hedged positions to manage potential volatility spikes around critical economic data releases.

  • Crypto markets benefit from macro tailwinds but remain closely correlated with equities; cautious positioning advised overnight pending Coinbase earnings and broader market reaction.

Trading smart and strategic will lead the path towards consistent profits.

Jamar, DCG AiTradingReport.com
For all subscribers, you can find all my personal links, social channels, and resources on my LinkTree: Jamar James LinkTree

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