Nasdaq 100 Trading Drivers
Macro backdrop:
US data came in strong:
Jobless claims fell to 231k (vs. 240k exp; prior 264k).
Continuing claims declined to 1.92m (vs. 1.95m exp).
Philly Fed survey surged to 23.2 (vs. 1.7 exp), an 8-month high.
This eased US slowdown fears and reinforced risk-on sentiment.
Equities:
Nasdaq +0.94% → new record high.
Tech/semis led: Intel (+22.8%) strongest S&P performer after Nvidia’s $5bn investment and US gov’t stake news. Philadelphia Semiconductor Index +3.6%.
Momentum broadened → Russell 2000 +2.5%, first record high since 2021.
Rates:
Treasuries sold off on strong data → 10yr yield +1.7bps to 4.11%, 30yr +3.4bps. Higher yields a potential headwind if sustained.
Event risk:
Trump–Xi call (9 a.m. ET): key for TikTok’s US future & broader trade tone. Risk of mixed headlines given tensions (China soybeans skip, Gaza criticism, Taiwan aid freeze).
BoJ surprise: announced unwind of $4.2bn/year ETF holdings → dampened global risk tone.
US triple-witching: options/futures expiries today → elevated intraday volatility likely.
Nasdaq 100 Trading Takeaway
Bullish momentum intact: record highs fueled by tech & semiconductor leadership.
Short-term watchpoints: Trump–Xi headlines and BoJ shift may inject volatility; triple-witching could exaggerate swings.
Key risk: rising US yields may cap upside if bond sell-off deepens.
Bias: Still risk-on / buy dips near-term, but position sizing should account for headline-driven volatility today.
Key Support and Resistance Levels
Resistance Level 1: 24600
Resistance Level 2: 24710
Resistance Level 3: 24800
Support Level 1: 24210
Support Level 2: 24085
Support Level 3: 24940
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key risk: rising US yields may cap upside if bond sell-off deepens.
Bias: Still risk-on / buy dips near-term, but position sizing should account for headline-driven volatility today.
Key Support and Resistance Levels
Resistance Level 1: 24600
Resistance Level 2: 24710
Resistance Level 3: 24800
Support Level 1: 24210
Support Level 2: 24085
Support Level 3: 24940
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Macro backdrop:
US data came in strong:
Jobless claims fell to 231k (vs. 240k exp; prior 264k).
Continuing claims declined to 1.92m (vs. 1.95m exp).
Philly Fed survey surged to 23.2 (vs. 1.7 exp), an 8-month high.
This eased US slowdown fears and reinforced risk-on sentiment.
Equities:
Nasdaq +0.94% → new record high.
Tech/semis led: Intel (+22.8%) strongest S&P performer after Nvidia’s $5bn investment and US gov’t stake news. Philadelphia Semiconductor Index +3.6%.
Momentum broadened → Russell 2000 +2.5%, first record high since 2021.
Rates:
Treasuries sold off on strong data → 10yr yield +1.7bps to 4.11%, 30yr +3.4bps. Higher yields a potential headwind if sustained.
Event risk:
Trump–Xi call (9 a.m. ET): key for TikTok’s US future & broader trade tone. Risk of mixed headlines given tensions (China soybeans skip, Gaza criticism, Taiwan aid freeze).
BoJ surprise: announced unwind of $4.2bn/year ETF holdings → dampened global risk tone.
US triple-witching: options/futures expiries today → elevated intraday volatility likely.
Nasdaq 100 Trading Takeaway
Bullish momentum intact: record highs fueled by tech & semiconductor leadership.
Short-term watchpoints: Trump–Xi headlines and BoJ shift may inject volatility; triple-witching could exaggerate swings.
Key risk: rising US yields may cap upside if bond sell-off deepens.
Bias: Still risk-on / buy dips near-term, but position sizing should account for headline-driven volatility today.
Key Support and Resistance Levels
Resistance Level 1: 24600
Resistance Level 2: 24710
Resistance Level 3: 24800
Support Level 1: 24210
Support Level 2: 24085
Support Level 3: 24940
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key risk: rising US yields may cap upside if bond sell-off deepens.
Bias: Still risk-on / buy dips near-term, but position sizing should account for headline-driven volatility today.
Key Support and Resistance Levels
Resistance Level 1: 24600
Resistance Level 2: 24710
Resistance Level 3: 24800
Support Level 1: 24210
Support Level 2: 24085
Support Level 3: 24940
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.