Today, April 21, 2025, the markets are showing typical Monday indecision, with the S&P 500, NASDAQ, and Russell 2000 experiencing choppy action around key volume-weighted average price (VWAP) levels. After last week's volatility, traders are cautiously navigating a pressured environment under declining 20-, 50-, and 200-day moving averages. The S&P 500 remains below its year-to-date anchored VWAP, suggesting any bounce should be approached with skepticism until proven otherwise. Semiconductors, often a market leader, are struggling at critical support levels, hinting at potential further downside. Tesla stock remains weak under major moving averages, while biotech stocks attempt to build higher lows, though overall sentiment implies rallies may be short-lived. As earnings season heats up, traders should stay tactical, focus on short-term opportunities with strict risk management, and prioritize setups with clear risk/reward profiles to navigate the ongoing market volatility.
