US Tech 100

Despite the current gains, a correction may be necessary before the market can sustain a significant upward trajectory, but so far, the technical Nasdaq 100 analysis is still bullish and we haven’t seen a reversal stick.

NVDA has “beat” analyst estimates for earnings in seven of the last eight quarters by an overall average of 15%, rising an average of more than 9% in response to those results - what should we expect this time?

US index futures edged higher in early European trading, but after a strong two-day rally, momentum might slow ahead of the Federal Reserve’s rate decision. With a 25-basis-point rate cut fully priced in, the focus will shift to the Fed's tone on future cuts.

The “Magnificent Seven” are projected to report an 18.1% year-over-year earnings increase, while the remaining 493 S&P 500 companies anticipate minimal growth of just 0.1% - what does that mean for the Nasdaq 100?

Betting against the market has proved to be very costly this year, with all sorts of dips being bought fairly quickly. But is this another such scenario or is it different this time around – especially with US presidential election now just three weeks away?

From a trading point of view, it’s probably not time to start shorting the market just yet. While caution is always wise, especially after such a strong run, we don’t have a clear bearish signal at the moment. The Nasdaq 100 is already up about 18% from its August low and 11% from its September low. Bulls should stay vigilant, tightening stop losses and watching for any potential shifts in the trend.

It’s been an amazing rally since last Q4’s open and now that the Fed is finally able to cut rates, stocks have started to stall.

U.S. stocks are pointing to a muted start after record highs last week as traders look cautiously ahead to a speech by Federal Reserve chair Jerome Powell later today and US non-farm payroll figures on Friday. Chinese ADRS could have another strong session after the latest moves by the Chinese authorities to boost growth. This week is a busy week for US data, which could provide clues over the size of the next Fed rate cut.

After starting the day well in the green, the major US indices were coming under a bit of pressure again at the time of writing, with investors unable to shake off the recent turmoil impacting financial markets. For now, the Nasdaq 100 forecast remains mildly bearish after the recent breakdown. More evidence of a bottom is needed to excite the bulls again even if there is a sense of calmness observed in price action over the past two days or so.

Was that it? Are bears finished? I look into that from a few different vantage points in this webinar.

Watch for an NDX close either above the 18,400 level (which could come as soon as today) or a close below the 200-day MA near 17,800 to tip the odds in one direction or another.

It’s been a busy start to the week, and several markets have shown disarray. USD/JPY carry unwind has pushed a hunt for yield in US markets, which is seeing capital flow out of equities and into bonds.

Following the big tech-fuelled rally on Wall Street, the major US indices fell back, with the Nasdaq 100 being down about 2.5% at the time of writing. We had a number of weaker-than-expected US economic reports, in particular the ISM services PMI, while mixed technology earnings results and a more hawkish Federal Reserve and Bank of England policy decisions (and not forgetting the Bank of Japan), all weighed on risk appetite.

Today's gains were largely driven Nvidia’s 11% surge, as beaten-down chipmakers rallied. Meanwhile, softer economic data further boosted bets that the Fed will signal a rate cut in September, with the potential for two more cuts being priced in before the year is out. The Nasdaq 100 forecast remains bullish from a technical point of view with the index holding above a key bullish trend line.

It’s been a busy two weeks since the last US CPI report and given the sell-offs in USD/JPY and Nasdaq 100 Futures, there are percolating fears of a larger correction.

The Nasdaq 100 is bouncing off 50-day EMA support – key resistance looms at 20K, with support at 18,900 and 18,400.

The Nasdaq 100 is in a precarious technical position after breaking below a near-term bullish trend line and slipping below the 20K level ahead of Magnificent Seven earnings.