Good morning, traders…
Wednesday’s session felt like something out of 2020 — a market that had been taking a pounding suddenly caught fire on a piece of great news … and never looked back.
At the center of it all was a headline from President Trump. Around 1:18 p.m. ET, he announced a 90-day pause on the new “reciprocal” tariffs — a move that instantly eased the pressure that had been building across global markets.
Within seconds, the Dow Jones Industrial Average exploded more than 2,000 points higher. By the close, it was up 2,571 points — over 7% — in its best single-day rally since 2020.
The S&P 500 jumped 8.4%, its biggest gain in five years. And the Nasdaq Composite went absolutely parabolic, rallying 11.4%:
This was a full-blown relief rally, triggered by one unexpected headline. Dozens of names went from deep red to flush green.
Tesla Inc. (NASDAQ: TSLA) surged over 19%. Apple Inc. (NASDAQ: AAPL) and NVIDIA Corporation (NASDAQ: NVDA) were both up double digits. Walmart Inc. (NYSE: WMT) caught a nearly 10% bid.
These were face-melting moves that gave us a buffet of price action to work with. If you’ve been focused on pullback patterns, breakout compression, or volume surges, it was a day where your edge really came into focus.
Let’s break down what this means for your trading (and why we can’t get super ultra-bullish yet)…
We’re Not Out of the Woods … Yet
It was a monster day. No denying that. But one big green candle doesn’t necessarily mean we’ve put in an ultimate bottom.
And even with a 90-day pause in tariffs, the uncertainty isn’t over. In fact, tariffs on China are actually set to rise again — President Trump made that clear, noting that the tariff on Chinese goods will increase to 125%.
So while the rest of the world may be getting a short-term break, China’s still under pressure, and sector-specific tariffs haven’t been touched.
Treasury Secretary Scott Bessent clarified that the pause only applies to baseline tariffs, and negotiations are still underway.
That means this could be a setup for another big move — in either direction.
Volatility Can Work for You — If You’re Ready for It
What we’re seeing right now is textbook compression followed by expansion.
The market got deeply oversold — more than 4,500 Dow points gone in four days, major-index RSIs in the 20s.
Sentiment was shot. Volatility was spiking. And then … boom. A positive catalyst.
These are the moments that reward preparation. Not prediction — preparation.
If you were disciplined, waited for volume confirmation, and followed your risk rules, you had a chance to catch moves like the one I snagged in Verizon Communications Inc. (NYSE: VZ)…
I alerted the trade and entered at $0.12. First target hit at $0.18. Second target hit at $0.24. Final exit at $0.48.
That’s a 300% move in less than three hours.*
And trust me, more moves like this are on the horizon, if you know what to look for…
4 Indicators to Watch Now
- VIX and SKEW — If volatility measures continue to fall, it could signal a sustained rebound. But if they stay elevated or start spiking again, it may mean the relief rally was just that — temporary.
- Sector Leaders — Watch names like Tesla, Apple, and Nvidia. They led the bounce. If they continue to show strength, that’s a good sign. But if they stall out, it could drag the rest of the market with them.
- Tariff Talks — Keep one ear on Washington. A tweet, a press conference, or a comment from China could spark the next major move. Don’t fight headlines in this kind of tape.
- Smart Money Volume — There’s a reason I use the OMEN Scanner to track unusual option activity. It helps spot where big money is stepping in before the move. We saw it work with VZ. Watch for similar setups in the days ahead.
This rally is a great sign. But it’s not a green light to get undeniably bullish … yet.
Stay sharp. Stay selective. The opportunities are there — and are even more coming soon.
TONIGHT IS THE NIGHT
Most traders never see the biggest moves coming — until it’s too late.
Back in 2022, while most traders were blindsided, one forecast led to a 503% win* on a single trade.
Another spotted the banking crisis nine months early and turned it into 860%.*
Now, Tim Bohen is sounding the alarm on what could be an even bigger move. But this time, it’s not about boring banks — it’s all about AI.
Join Bohen TONIGHT, April 10 for his “FINAL AI WARNING”…
He’ll walk you through his forecast and break down the trading blueprint he believes could hand in-the-know traders an undeniable edge over the coming weeks.
It’s free to attend, but seats are limited — Click here to claim yours before it’s too late.
Happy trading,
Ben Sturgill
*Past performance does not indicate future results
