Tuesday, March 25, 2025 - Tuesday, the 25th, was all about the interplay of multiple timeframes, with the market holding above key levels like the rising 5-day and weekly VWAP, despite running into resistance near the anchor from the all-time high. The daily chart still shows a declining 20- and 50-day moving average, but price remains above the 200-day. The SPY dipped briefly below the week-to-date VWAP, but buyers regained control quickly, reaffirming the trend. In the NASDAQ, same story—rising 5-day VWAP, higher lows, and no reason to short without evidence of a breakdown. The Russell 2000 and semiconductors approached key anchors, but without clear breakdowns, the trend remains intact. Tesla offered textbook VWAP pullback opportunities, while Palantir showed exhaustion but not a reason to short above a rising 5-day MA. Biotechs continue to be a waste of time, SMCI is broken, and Nvidia stayed neutral. In tricky environments like this, the message is simple: wait for evidence, follow the trend, and trade smaller when conditions are uncertain.
