Markets Stage Dramatic Recovery After Trump Tariff Delay; Bitcoin's $10K Swing Highlights Volatile Monday

Monday Market Update

A comprehensive review of today's market activity, focusing on the impact of Trump's tariff comments and subsequent market recovery.

Market Overview:

  • Sharp gap down due to Trump's comments about imposing tariffs on Canada and Mexico

  • Strong recovery after news of Trump's friendly call with Mexico's President and one-month delay on tariffs

  • $SPY closed at 597.77, near the 50-day moving average

  • Bitcoin showed significant recovery from 91,178 to over 101,460

  • $PLTR reported strong after-hours results, stock jumping from 83 to 97

Notable Technical Levels:

  • SPY has potential resistance near $603 (8-day moving average)

  • Potential support at $590.49 (today's pivot low)

  • Dollar testing 21-day moving average as support

  • Bitcoin could see resistance at $108-109k level

Upcoming Events:

  • Earnings: $GOOGL, $AMD, $AMGN (Tuesday)

  • $QCOM, $ARM, $MSTR (Wednesday)

  • $AMZN (Thursday)

  • Economic Data: JOLTS (Tuesday), ADP employment (Wednesday), Jobless claims (Thursday), Non-farm payrolls (Friday)

Action Points:

The market continues to show increased volatility and uncertainty as February approaches, with mixed signals from different sectors and asset classes. Traders should remain vigilant, as multiple high-impact earnings reports and economic data releases are scheduled for the week ahead.


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