Vietnam Insight

The market is optimistic about Trump’s trade policies. In regular trading on Wednesday, the Dow and S&P 500 gained 0.3% and 0.61%, respectively, while the tech-heavy Nasdaq Composite surged 1.28%. These gains followed strong earnings reports and growing optimism around President Trump's policies, with investors expecting tax cuts and deregulation to drive economic growth and corporate profits. 

Short term sideways trend. VNINDEX closed at 1,246.09 (-3.46 points, -0.28%) with liquidity below the 20-session average. The market had 147 green codes and 240 red codes. Industry groups fluctuated around the reference level. VN-Index had a tug-of-war session when moving towards testing the resistance zone of 1250. Liquidity remained at a low level, showing that selling pressure was not large and buying pressure was still accepting to support prices. Therefore, VN-Index still does not have a strong cash flow to improve the short-term trend.

Trading Strategy: The market is following the main sideway trading trend. For short-term trading, investors can consider disbursing around this area and gradually taking profits when approaching 1,300 points. With a holding strategy, investors will only disburse strongly when the VN-Index breaks out and successfully defends the 1,300 point level.