Vietnam Insight

New home sales in the US were lower than expected. On Wednesday, during regular trading, the S&P 500 and Nasdaq Composite each posted modest gains of 0.01% and 0.26%, respectively, breaking a four-day losing streak. However, the Dow fell by 0.43%, erasing previous day's gains. Those moves came as President Trump announced a 25% levy on European autos and said tariffs on Mexico and Canada are set to take effect on April 2. Sales of new single-family homes in the United States dropped 10.5% from the previous month to a seasonally adjusted annualized rate of 657,000 in January 2025, falling short of market expectations of 680,000. It marked the lowest level in three months, as persistently high mortgage rates continued to dampen demand.

Holding steady at 1,300; many sectors showed mixed performance. VNINDEX closed at 1,303.16 (-0.2 points, -0.02%) with higher liquidity than the 20-session average. The market traded in a narrow range with fluctuations testing the 1300 zone. In the short-term trend, the EMA 20 at 1271 plays an important support role for the trend. In a positive scenario, if the cash flow increases and the selling pressure is not too strong, the market is expected to continue to rise.

Trading Strategy: The market has surpassed an important resistance level in the short term. Investors may consider taking partial profits and holding onto the rest to let the gains run; the EMA 20 can be used as a reference for selling points. A new buying point will be suitable when the market tests the old resistance zone of 1,280 – 1,300