Market Analysis by covering: Nasdaq 100, Nasdaq 100 Futures. Read 's Market Analysis on Investing.com
Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro’s AI-selected stock winners.edged lower along with European markets in the first half of Thursday’s session.
The tech sector hasn’t had a great start to the year, after the entire gains for the year were wiped out in the last couple of days, although it is far too early to suggest markets have topped.Markets are still debating whether the recent pullback in tech has gone too far, with the sell-off largely driven by worries around AI disruption, stretched valuations, and the sheer scale of capital spending across the sector. At the same time, money has been rotating into areas that are more directly exposed to stronger economic growth. So, it is not an outright bearish trend for markets, more like sector rotation. Will that change? Time will tell, but the charts will have to show a clear reversal sign to convince me.Software stocks have taken the biggest hit, with a number of names now sitting deep in oversold territory. That does open the door to some dip buying, which could help breathe a bit of life back into the Nasdaq after its recent slump.) all beat expectations on earnings and revenue, but that wasn’t enough to stop their shares from falling ahead of the open. Google was down more than 2% in premarket, while Arm was off 7% and Qualcomm was sliding more than 10%. Despite that, some of the attention has been on Google’s decision to double its AI spending, which has provided a boost for chip stocks more broadly.report later on. In particular, traders will be watching the layoffs data to see whether the so-called no-hire, no-fire economy is starting to show signs of cracking.hasn’t really moved much over the last few months after peaking in October around 26,399. Since then, the index has been consolidating its prior sharp gains, as technology stocks took a back seat while the rest of the market caught up. However, it’s far too early to suggest that the technology-heavy index has topped out, given that no major support areas have broken down and we haven’t seen any significant reversal patterns emerge on the chart. This is therefore a market that is continuing to consolidate rather than trending decisively lower. That could change in the weeks ahead, but for now, the onus is on the sellers to emerge and show their presence. So far, the mild selling pressure is notable, but it’s not really strong enough to suggest that the trend is turning bearish.In fact, the Nasdaq is now approaching or testing a key area of support between 25,000 on the upside and 24,700 on the downside. This is a major short-term area of support, as we have prior lows there, for example in mid-December and earlier this year. We also have a bullish trendline coming into play in that region as well. So, this area really needs to hold for the bulls to maintain full control of price action. Eventually, the consolidation will end, and we will see a decisive break in either direction. Given the prior bullish trend and the still supportive macro backdrop, my view is that the bulls remain in control, despite what some may see as a potential top in the market. Time will tell, but for now I’m giving the bulls the benefit of the doubt, even though the index has come under pressure in the last few days. On the upside, initial resistance comes in around 25,220, marking the low from Tuesday, when the index took a drop. Above that 25,440ish is the next important level to watch, before eventually the focus returns to the longer-term resistance are between 25,900-26,000.: AI-managed stock picks every month, with several picks that have already taken off this month and in the long term.Investing.com’s AI tool provides real-time market insights, advanced chart analysis, and personalized trading data to help traders make quick, data-driven decisions.: This feature aggregates 17 institutional-grade valuation models to cut through the noise and show you which stocks are overhyped, undervalued, or fairly priced.From debt ratios and profitability to analyst earnings revisions, you’ll have everything professional investors use to analyze stocks in one clean dashboard.This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counsel or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple perspectives and is highly risky and therefore, any investment decision and the associated risk remains with the investor.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Analysis: Navigating Volatility with VC PMI Mean-ReversionA comprehensive analysis of market trends utilizing the Value Chart Price Mean Index (VC PMI) methodology, highlighting key levels, potential price movements, and risk management strategies. The report examines the current market behavior, focusing on volatility, key support and resistance levels, and the significance of time cycles.
Read more »
AMD Earnings Preview: Computing Demand Likely to Lift Q4 SalesMarket Analysis by covering: Advanced Micro Devices Inc. Read 's Market Analysis on Investing.com
Read more »
Meta Platforms Posted Its Fastest Growth Guide in Years—Now What?Market Analysis by covering: Meta Platforms Inc. Read 's Market Analysis on Investing.com
Read more »
Alphabet Earnings Preview: Investors Eye Record Revenue Amid AI Spending ScrutinyMarket Analysis by covering: Alphabet Inc Class A. Read 's Market Analysis on Investing.com
Read more »
Is Chipotle’s 2026 Playbook the Secret Sauce for a Reversal?Market Analysis by covering: Chipotle Mexican Grill Inc. Read 's Market Analysis on Investing.com
Read more »
11 Beaten-Down Tech Stocks Flashing Signs of a Near-Term BounceMarket Analysis by covering: Nasdaq 100, NVIDIA Corporation, Micron Technology Inc, Advanced Micro Devices Inc. Read 's Market Analysis on Investing.com
Read more »