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.

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.

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.

At the start of a new quarter, seasonality and holiday trade create the type of environment where US stock indices could easily add to recent gains. But with signs of fatigue creeping in after such a strong rally, are we due a pullback?

Judging by the bullish price action on stocks such as Amazon (AMZN), Alphabet (GOOG). Nvidia (NVDA) and Tesla (TSLA), I wouldn’t bet against another tech-fuelled rally. Among these, the key stock that needs to hold up is Nvidia given how much of an influence it has on the Nasdaq 100.

U.S. stocks point to a higher open on Tuesday as Nvidia and other AI stocks rise following yesterday's sell-off and as investors wait for further clues over monetary policy from Federal Reserve officials. The rally in the Nasdaq and the S&P 500 returns, but the Dow Jones lags behind its peers. Nvidia rises after falling 13% over the past three sessions.

Today, the Nasdaq 100 reached a new milestone, climbing above 20K for the first time ever before retreating.

The Dow Jones, S&P 500, and Nasdaq 100 look tired as bad economic news is no longer good news for the stock market as traders worry the Fed is falling behind the curve.