Vietnam Insight

U.S. Treasury yields rose. S&P 500 and Nasdaq 100 futures advanced Wednesday after a federal court ruling in an Alphabet antitrust case eased regulatory concerns for tech majors. On Tuesday, the Dow lost 0.55%, the S&P 500 shed 0.69% and the Nasdaq Composite slid 0.82% as trade policy, rate outlook, and economic signals weighed on sentiment. Higher Treasury yields added strain, with the 10-year hovering near 4.3% and the 30-year nearing 5%, both seen as headwinds for equities. Adding to caution, September has historically been a weak month for US stocks.

The uptrend continues. VN-Index closed the week at 1,682.2 points, a gain of 36.74 points or 2.23%. The overall uptrend is still holding as the index aims to conquer the 1,700-point milestone, but it will inevitably face some large-scale corrective sessions. The nearest support level is around 1,600 points, with a further support level at 1,500 points. Investors should manage their risk if the VN-Index falls below the MA 20 and MA 50, corresponding to the 1,600 and 1,500-point levels

Trading Strategy: The priority strategy is to hold positions and be ready to take profit at target levels. For short-term traders, if the market corrects toward the 1,600 zone and rebounds, a light allocation can be considered. If the market pulls back toward 1,500, it will present a clearer buying opportunity for medium-term positions. Investors may allocate more aggressively, focusing on stocks with strong catalysts such as index reclassification, robust earnings growth, or valuations lower than the overall market.