5/27/25 - TACO Tuesday
IBD:
The stock market rebounded strongly in a “TACO” Tuesday rally. TACO is a half-joking term that stands for Trump Always Chickens Out, referring to President Donald Trump’s pattern of making big tariff threats only to back down in some fashion
S&P and Naz still remain above 21dma and maintain the power trend. The S&P tested the 200dma Friday and clearly passed the test, as we expect in a strong market.