Vietnam Insight

Mr. Trump announced a 25% tariff on all steel and aluminum imports. On Friday, the major indices fell sharply: the Dow and S&P 500 both dropped around 1%, while the tech-heavy Nasdaq Composite slid by 1.36%. The president announced a blanket 25% tariff on all steel and aluminum imports, set to take effect later today. Traders also awaited insights on the Federal Reserve’s monetary policy as Chair Jerome Powell was scheduled to testify before Congress. On the economic front, markets are preparing for the latest consumer inflation data on Wednesday, along with weekly jobless claims and the producer price index report on Thursday. 

Bank stocks try to pull the market up. VNINDEX closed at 1,275.2 (+3.72 points, +0.29%) with higher-than-average liquidity over the past 20 sessions. Blue-chip stocks made an effort to maintain the market's momentum, mainly led by bank stocks. VN-Index traded sideways within a narrow range and experienced selling pressure as it approached the 1275 resistance zone. With relatively weak cash flow, in the following sessions, VN-Index may continue to fluctuate around the 1280 resistance level as it repeatedly fails previous tests.

Trading Strategy: The market is currently trending towards a sideways trading pattern. For short-term trading, investors can consider deploying capital around the 1,240-point range and gradually take profits as it approaches 1,300 points. With a buy-and-hold strategy, investors can deploy additional capital when the VN-Index breaks out of and successfully defends the 1,300-point zone.