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.

Apple, Amazon, and Intel report Q3 earnings on Oct 31. Focus on iPhone sales, AWS growth, and Intel's foundry transition amid competition and cost challenges. Here’s what investors are watching:

Meta and Microsoft report Q3 2024 earnings this week. Growth expected from AI tools, cloud services, and monetization, despite regulatory and competitive risks.

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.

This week, US data will take centre stage, with key employment indicators in focus. We will also have some important data from China first thing in the week, before it goes on a week-long holiday.