EB Daily Market Report - Friday, April 25, 2025

Dear Members.

The bulls are getting the follow through they hoped for with all major indexes up nicely.

Right now all of the major indexes have moved back above their respective 20 day moving averages. And the S&P cleared that important 5500 level. Now the question is, can it hold?

The VIX continues to move lower though it's still above 25. It could continue to move lower as trader confidence builds.

Bond yields are lower again today as well and the $USD is getting some distance from its recent bottom. And gold is lower as well as traders seem to be more comfortable today taking on riskier assets.

Bottomline is the bulls have regained the momentum. It will help if we get a solid close with the next level of resistance right around 5560.

I want to wish everyone a wishful weekend and tom will be back with his Weekly Market Report on Monday.

At your service,

John Hopkins