Fundamental approach:
- The Nasdaq 100 retreated this week, pressured by profit‑taking in high‑growth tech and a pullback in AI‑linked chipmakers following substantial recent gains.
- The index fell as investors digested a busy earnings slate for US megacaps, with markets focused on whether companies such as Microsoft (MSFT) and Meta Platforms (META) can sustain elevated AI‑driven investment while defending margins. While broader US indices remained near highs amid optimism around AI and small‑cap strength, Nasdaq‑heavy names faced bouts of volatility as positioning adjusted and rate‑cut expectations were pushed back slightly on resilient US data.
- The Nasdaq 100 may remain choppy as markets parse the remaining big‑tech earnings and guidance on AI‑related capex, along with upcoming US NFP data next week that could shift Fed rate expectations. Key catalysts in the coming days could include further 4Q results from major tech constituents and any surprises in employment releases.
Technical approach:
- USTEC declined after closing below an ascending trendline and both EMAs, indicating bearish momentum is building.
- If USTEC breaches below the support at 23985, the index may retest the next support at 23000.
- On the contrary, remaining above 23985 may prompt a retest of the broken ascending trendline and EMA78.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
- The Nasdaq 100 retreated this week, pressured by profit‑taking in high‑growth tech and a pullback in AI‑linked chipmakers following substantial recent gains.
- The index fell as investors digested a busy earnings slate for US megacaps, with markets focused on whether companies such as Microsoft (MSFT) and Meta Platforms (META) can sustain elevated AI‑driven investment while defending margins. While broader US indices remained near highs amid optimism around AI and small‑cap strength, Nasdaq‑heavy names faced bouts of volatility as positioning adjusted and rate‑cut expectations were pushed back slightly on resilient US data.
- The Nasdaq 100 may remain choppy as markets parse the remaining big‑tech earnings and guidance on AI‑related capex, along with upcoming US NFP data next week that could shift Fed rate expectations. Key catalysts in the coming days could include further 4Q results from major tech constituents and any surprises in employment releases.
Technical approach:
- USTEC declined after closing below an ascending trendline and both EMAs, indicating bearish momentum is building.
- If USTEC breaches below the support at 23985, the index may retest the next support at 23000.
- On the contrary, remaining above 23985 may prompt a retest of the broken ascending trendline and EMA78.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.