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Nsdq100

NSDQ100 key trading levelsKey Support and Resistance Levels Resistance Level 1: 25180 Resistance Level 2: 25300 Resistance Level 3: 25500 Support Level 1: 24655 Support Level 2: 24490 Support Level 3: 24330 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.
TRADENATION:USTEC
by Trade Nation
9
NSDQ100 overbought pullback - dip buying opportunity? Equities saw a sharp reversal yesterday, led by weakness in tech and AI-related names. While it was only a single day’s selloff, sentiment has clearly shifted toward caution, with growing talk of a potential equity correction. Market Dynamics The Magnificent 7 stocks fell -2.28%, driving the Nasdaq 100 lower as investors reassessed stretched valuations. Palantir (-7.9%) and Nvidia (-4.0%) were key drags, emblematic of overextended tech momentum — even positive earnings guidance wasn’t enough to support prices. Broader weakness spread across the market: S&P 500 -1.17% (worst day since Oct 10), equal-weight S&P -0.63%, and Russell 2000 -1.78%. The S&P ex-Mag-7 was down -0.75%, underscoring the narrowness of recent gains and rising concern over market concentration. Macro & Other Drivers The risk-off tone boosted Treasuries: 2yr yield fell to 3.58%, 10yr to 4.09%. Broader sentiment was pressured by a prolonged U.S. government shutdown (now 36 days, the longest ever) with growing economic cost estimates ($10–30bn/week). Bitcoin briefly recovered above $100k, but large holders sold ~400,000 coins (~$45bn), adding to the risk-aversion tone. Political Context Zohran Mamdani’s election as New York’s first democratic socialist mayor and new housing initiatives grabbed headlines but had limited market impact. Takeaway for Nasdaq 100 The Nasdaq 100 faces renewed selling pressure as investors rotate out of AI-heavy leaders and take profits after a long rally. Focus today will be on whether dip-buyers step in or if the correction broadens. Key near-term catalysts: U.S. ISM Services and ADP employment data, plus earnings from Qualcomm, ARM, and DoorDash later today — all potential volatility triggers for tech sentiment. 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 relief rally led by mega-cap tech.Nasdaq 100 Trading Summary Tech sentiment has rebounded strongly after upbeat earnings from Amazon and Apple, reversing much of yesterday’s selloff. Amazon (+13% pre-market): Cloud revenue up +20% y/y, fastest growth since 2022 — a major boost for one of the year’s weakest Mag-7 names. Apple (+2% pre-market): Forecasts 10–12% revenue growth this quarter (vs +6% expected), driven by stronger iPhone demand. US futures: Nasdaq +1.2%, S&P 500 +0.65%, erasing most of Thursday’s losses. Yesterday’s decline stemmed from AI-capex worries after Meta (-11.3%) and Nvidia (-2%) fell on spending and China-sales concerns. Those fears are easing as investors refocus on strong earnings and resilient demand. Other Headlines Universal Music beat estimates on subscription revenue, supporting consumer-discretionary sentiment. Beverage giants continue to struggle — $830 bn in market value lost since 2021 amid shifting habits and tariffs. UK retail: Growing backlash against chatbots may be hurting sales by billions, highlighting limits of AI adoption. Outlook Nasdaq 100 looks set for a relief rally led by mega-cap tech. Focus today: follow-through buying in Amazon and Apple, stabilization in AI names (Meta, Nvidia), and overall positioning into month-end and key US inflation data later in the day. 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 bullish breakout ahead of tech earningsGlobal equities largely consolidated over the past 24 hours, but US tech stocks extended their strong run, propelling the Nasdaq 100 to another record close. The Nasdaq gained +0.80%, outpacing broader benchmarks as AI-related enthusiasm and mega-cap momentum continued to dominate trading. Market Highlights Narrow Leadership: Despite the Nasdaq’s gains, market breadth was strikingly thin. Only 104 S&P 500 constituents advanced—the fewest on any up day since at least 1990—underscoring how dependent recent rallies have become on large-cap tech strength. AI Momentum: Nvidia (+4.98%) led the charge after CEO Jensen Huang unveiled multiple new partnerships (Uber, Palantir, Crowdstrike), a $1bn investment in Nokia, and plans to connect quantum computing with Nvidia AI chips. Nokia surged nearly 21% to its highest level in a decade. Microsoft (+1.98%) jumped after revealing a 27% stake in OpenAI, alongside a massive $250bn Azure services commitment from OpenAI, lifting Microsoft’s market cap back above $4 trillion. PayPal (+3.94%) rallied after an earnings upgrade and a new partnership with OpenAI. Amazon (+1.00%) advanced despite announcing plans to cut 14,000 corporate roles to streamline operations. Magnificent 7: The group gained +1.27%, setting fresh highs, with investors rotating further into AI leaders ahead of tonight’s Microsoft, Alphabet, and Meta earnings. Macro & Outlook All eyes now turn to the Federal Reserve’s policy decision later today, where a 25bps rate cut is fully priced in. Market participants will parse Chair Powell’s comments for guidance on the pace of future easing and any mention of lingering inflation or financial conditions. Volatility may rise post-Fed, with the Nasdaq 100 particularly sensitive to any shifts in rate expectations and tonight’s mega-cap tech earnings. Takeaway Momentum in the Nasdaq 100 remains intact but increasingly narrow, driven by AI exuberance and corporate partnerships rather than broad-based earnings strength. A dovish Fed and upbeat results from Microsoft, Alphabet, or Meta could reinforce upside momentum—but any disappointment may trigger a sharp reaction given stretched positioning. 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 ahead of US CPI Geopolitics dominated sentiment over the past 24 hours, setting the tone for today’s NASDAQ 100 session. Market backdrop: Fresh US sanctions on Russian oil sparked a surge in energy prices, with Brent crude posting its largest two-day gain since 2022. The move drove a sell-off in global bonds, as 10yr US Treasury yields rose +5.1bps, their biggest daily increase in over a month, ahead of the long-delayed September CPI report. Despite the rise in yields, equities held firm, buoyed by improved risk appetite. The NASDAQ 100 gained +0.58%, supported by renewed optimism in the tech sector and positive sentiment following the White House confirmation of a Trump–Xi meeting next week, which helped temper trade war concerns. Drivers for today: US CPI (September) – the first major data point since the government shutdown. A softer print could reinforce expectations of a Fed rate cut next week, while a stronger reading risks unsettling both bonds and high-valuation tech names. Geopolitical dynamics – Markets remain sensitive to any new developments in the US–China trade narrative and Russia sanctions, which continue to drive energy and inflation expectations. Tech sentiment – Optimism in large-cap tech remains supportive, though rising yields could limit upside momentum. Commodities: Gold is on track to end its nine-week rally, down over 3% this week as investors rotate out of safe havens amid hopes of easing geopolitical tensions. Outlook: The NASDAQ 100 enters the session on firmer footing, with risk appetite improving thanks to trade optimism. However, volatility is likely around the CPI release, which will be the key determinant for near-term Fed policy and tech sector performance. Key Support and Resistance Levels Resistance Level 1: 25350 Resistance Level 2: 25466 Resistance Level 3: 25600 Support Level 1: 24917 Support Level 2: 24700 Support Level 3: 24400 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Focus today on key tech earnings (Tesla, IBM, SAP)Tech stocks held steady yesterday, with the Nasdaq 100 little changed, as broader markets consolidated near record highs. The S&P 500 (+0.003%) and STOXX 600 (+0.21%) both hovered just below their recent peaks, while the 10yr US Treasury yield slipped to a one-year low of 3.96%, supporting equity valuations. The session’s standout move came from commodities, where gold (-5.3%) and silver (-7.1%) suffered their sharpest single-day declines in years, despite lower yields that would normally support precious metals. The drop appeared to be a technical correction after gold’s exceptional rally this year (+57% YTD). On the macro front, sentiment was mixed. The US government shutdown entered its 22nd day, now the second longest in history, with few signs of resolution as President Trump urged Senate Republicans to hold firm. Meanwhile, Trump’s comments on trade offered some optimism — he suggested talks with China’s Xi Jinping could produce a “good deal,” though a meeting remains unconfirmed. In corporate news, Anthropic and Google are reportedly discussing a multi-billion-dollar cloud computing deal, underscoring ongoing AI infrastructure investment — a potential positive for large-cap tech sentiment. Conversely, Apple faced minor headwinds amid reports that its foldable iPad project has hit development delays. Overall: The Nasdaq 100 remained stable as investors balanced easing yields, positive AI-sector momentum, and uncertainty over the government shutdown. Focus today will turn to key tech earnings (Tesla, IBM, SAP) and macro data for directional cues. Key Support and Resistance Levels Resistance Level 1: 25200 Resistance Level 2: 25350 Resistance Level 3: 25466 Support Level 1: 24700 Support Level 2: 24400 Support Level 3: 24250 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Oversold bounce back supported at 243761. Volatile Sentiment Markets have whipsawed since Friday due to shifting US-China trade tensions. In the last 24 hours, the S&P 500 swung from -1.5% to +0.4% intraday, closing just slightly down (-0.16%), highlighting fragile sentiment. 2. Fed Chair Powell’s Dovish Tone Powell signaled a likely 25bps rate cut this month, citing soft hiring trends. His dovish comments helped tech stocks and boosted risk appetite, especially in the second half of the US session. 3. Trump’s Trade Escalation Comments Trump accused China of not buying soybeans and hinted at ending trade involving cooking oil and other goods. These late comments undermined risk sentiment, reversing some of Powell's support. 4. Sector Performance S&P Financials (+1.12%) outperformed on Q3 bank earnings. Consumer Staples (+3.04%) also led, reflecting a defensive shift amid headline risk. Tech was more volatile but held up on Powell’s policy support. 5. ECB Commentary Villeroy hinted at rate cuts, while Makhlouf expressed inflation concerns, showing a split in ECB tone. This may add uncertainty for European tech sentiment impacting US tech peers. Takeaway for Nasdaq-100 Today Supportive Fed signals are a tailwind for tech, but geopolitical risks (US-China) are keeping markets jumpy. Expect headline-driven volatility to remain high. Focus on big tech earnings, bond yields, and any new trade developments for direction. Key Support and Resistance Levels Resistance Level 1: 24908 Resistance Level 2: 25050 Resistance Level 3: 25200 Support Level 1: 24376 Support Level 2: 24205 Support Level 3: 23920 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Cautious consolidationNasdaq futures are pointing to a softer open today, as markets lose momentum following a record-breaking run. Investors are growing cautious amid renewed political and geopolitical tensions. Market backdrop: Equities pulled back modestly yesterday, with the S&P 500 down -0.28% and Europe’s STOXX 600 off -0.43%, as questions arose about the sustainability of the recent rally. The Nasdaq 100 also eased from record highs, mirroring the risk-off tone seen across regions and asset classes. Macro drivers: The US government shutdown—now entering its second week—is weighing on sentiment, especially after Trump vowed deeper spending cuts, raising fears of a prolonged fiscal impasse. Rising 10yr Treasury yields (+2.1bps to 4.14%) and wider high-yield spreads (+9bps) suggest investors are turning more defensive. Gold (-1.61%) also reversed sharply, falling below $4,000/oz, signaling some unwinding of safe-haven flows. Geopolitical factors: Tensions are rising ahead of the Trump–Xi meeting, with Beijing launching an antitrust probe into Qualcomm’s Autotalks deal, and new US legislation favouring Nvidia and AMD chip supplies for domestic use. The moves underscore potential risks for tech heavyweights with major China exposure. Meanwhile, the Israel-Gaza hostage deal and Trump’s expected visit add another layer of geopolitical complexity. Nasdaq 100 outlook: Tech stocks may see selective pressure today as investors react to the escalating US–China tech dispute and higher yields. However, recent strength in AI and semiconductors could offer some support. Expect consolidation near record levels, with traders awaiting US consumer sentiment data later in the day for confirmation of demand resilience. Tone: Cautious consolidation — Nasdaq 100 likely to trade sideways to slightly lower as macro and political risks temper recent euphoria. Key Support and Resistance Levels Resistance Level 1: 25200 Resistance Level 2: 25300 Resistance Level 3: 25400 Support Level 1: 24870 Support Level 2: 24730 Support Level 3: 24590 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 awaits FOMC minutes and Fed commentaryMarkets saw a cautious tone yesterday, with risk sentiment softening amid political uncertainty in France and ongoing concerns about a US government shutdown. The S&P 500 fell -0.38% from Monday’s record high, while Treasury yields eased, reflecting a mild flight to safety. Safe-haven demand surged, with spot gold breaking above $4,000/oz for the first time ever, extending a rally of more than 50% this year. Silver is also nearing record highs. The moves highlight growing investor anxiety over the macro backdrop, despite resilience in equities overall. In tech news, AI-related headlines continued to dominate sentiment. Elon Musk’s xAI is reportedly expanding its funding round to $20 billion, with backing from Nvidia, reinforcing market enthusiasm around the AI theme. Meanwhile, Anthropic announced plans to open its first office in India, underscoring the sector’s global expansion. For today, Nasdaq 100 traders will watch how the AI rally balances against broader risk aversion, with the FOMC minutes and Fed commentary later in the session likely to drive direction. Key Support and Resistance Levels Resistance Level 1: 25090 Resistance Level 2: 25200 Resistance Level 3: 25300 Support Level 1: 24730 Support Level 2: 24590 Support Level 3: 24460 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Key Trading Levels Key Support and Resistance Levels Resistance Level 1: 25090 Resistance Level 2: 25250 Resistance Level 3: 25400 Support Level 1: 24800 Support Level 2: 24700 Support Level 3: 24620 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Key Trading Levels Key Support and Resistance Levels Resistance Level 1: 24835 Resistance Level 2: 24950 Resistance Level 3: 25055 Support Level 1: 24190 Support Level 2: 24090 Support Level 3: 24000 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Key Trading LevelsKey Support and Resistance Levels Resistance Level 1: 24835 Resistance Level 2: 24950 Resistance Level 3: 25055 Support Level 1: 24190 Support Level 2: 24090 Support Level 3: 24000 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.
TRADENATION:USTEC
by Trade Nation
Nasdaq slipped as investors balanced Fed signalsThe Nasdaq 100 (-0.87%) fell as tech stocks weakened. Uncertainty around Nvidia’s $100bn OpenAI deal led the reversal after Monday’s gains. Powell’s comments added to caution: he repeated that risks remain on both inflation and jobs, but also admitted to “meaningful weakness” in the labour market. This helped bonds rally, but not equities. Extra pressure came from US government shutdown concerns, while gold hit a record high ($3,764/oz) as investors shifted to a defensive. Tech momentum cooled, and the Nasdaq slipped as investors balanced Fed signals, policy risks, and stretched valuations. Key Support and Resistance Levels Resistance Level 1: 24830 Resistance Level 2: 24950 Resistance Level 3: 25055 Support Level 1: 24412 Support Level 2: 24300 Support Level 3: 24190 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 volatility, triple-witching could exaggerate swings.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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 awaits Fed rate decision supported at 23940Nasdaq 100 Trading Takeaways Fed in focus: Markets expect a 25bp cut today, though risks of larger/smaller moves exist with potential dissents on both dovish and hawkish sides. Trump’s newly sworn-in appointee Miran may push for 50bp, while Schmid could dissent hawkishly. This adds event risk and volatility for tech stocks. Macro backdrop: Trump state visit to the UK highlights investment pledges and a potential US-UK tech partnership, which could support sentiment in large-cap tech. Market moves: S&P 500 (-0.13%) pulled back from record highs. Nasdaq leadership held firm: Magnificent 7 (+0.55%) hit a new record, showing resilience even as breadth weakened. Broader weakness evident – third straight day of more decliners than advancers. Sector divergence: Energy (+1.73%) outperformed on higher Brent crude (+1.53%), but tech still provided upside leadership. Implication for Nasdaq 100: Short-term: Expect heightened sensitivity to Fed outcome – dovish signals/50bp risk would boost mega-cap tech, while hawkish dissent could trigger profit-taking. Medium-term: Tech remains the relative outperformer, with new highs in the Magnificent 7 signaling continued defensive growth positioning despite weaker breadth. Key Support and Resistance Levels Resistance Level 1: 24470 Resistance Level 2: 24600 Resistance Level 3: 24800 Support Level 1: 23940 Support Level 2: 23760 Support Level 3: 23430 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 bullish reaction to rate-cut expectationsUS CPI and a sharp rise in jobless claims (+263k vs. +235k expected, Texas-driven distortions aside) reinforced the narrative of a cooling labour market. Equities rallied on the lower rates outlook: S&P 500 (+0.85%) and Nasdaq (+0.72%) closed at fresh records, with the Magnificent 7 up +1.13%. Breadth was strong (436 S&P advancers, Russell 2000 +1.83%). Oracle (-6.23%) was a notable laggard after recent gains. Meanwhile, OpenAI’s potential $100bn+ restructuring with Microsoft and a UK data center buildout highlight continued AI momentum. On the geopolitical front, US-China talks (Bessent–He Lifeng) and a possible Xi-Trump meeting, plus progress with India, suggest tentative thawing in trade and tech relations. Conclusion (Nasdaq-100): The combination of softer labour data, rate-cut expectations, and sustained AI optimism is a constructive backdrop for the Nasdaq-100. Short-term pullbacks (e.g., Oracle) appear stock-specific, while breadth and AI-linked capex support further upside. Near-term, dips remain buyable unless geopolitics disrupt risk sentiment. Key Support and Resistance Levels Resistance Level 1: 24200 Resistance Level 2: 24380 Resistance Level 3: 24600 Support Level 1: 23500 Support Level 2: 23320 Support Level 3: 23125 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 Bullish breakout support at 23500Key Developments US labor market revisions: BLS cut payrolls by -911k through March 2025, implying weaker labor conditions than thought. Markets took it in stride, with rate cut pricing steady at ~27bps for next week (-1.5bps on day). Fed outlook: Treasury Secretary Bessent urged recalibration of policy, echoing Trump’s criticism of “choking off growth.” Governor Lisa Cook remains in her role after a court blocked Trump’s attempt to remove her, ensuring full FOMC participation next week. Geopolitics: Middle East: Israel’s strike on Hamas leaders in Qatar drew criticism from Trump, seen as not aiding conflict resolution. Europe: Poland shot down drones from a Russian strike on Ukraine, escalating tensions with Moscow. Market Takeaways Payroll downgrades confirm a weaker labor backdrop but don’t materially change Fed cut expectations for September. Political noise around the Fed could fuel uncertainty, but markets are treating it as background risk. Geopolitical tensions remain elevated but had limited immediate market impact. Conclusion for Nasdaq 100 The Nasdaq 100 is likely to remain steady to slightly supported: Weaker labor revisions reduce concerns about overheating, reinforcing the Fed cut narrative. Limited geopolitical spillover into tech equities so far. Bond yields and Fed pricing, not payroll revisions, remain the key driver. Key Support and Resistance Levels Resistance Level 1: 24200 Resistance Level 2: 24380 Resistance Level 3: 24600 Support Level 1: 23500 Support Level 2: 23320 Support Level 3: 23125 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 corrective pullback support at 23420US Macro: Q2 headline PCE revised down: +2.0% (vs +2.1%), core PCE steady: +2.5%. Jobless claims: 229k (vs 230k), continuing 1.954m (vs 1.966m). → Soft-landing narrative reinforced, easing recession fears. US Equities: S&P 500 +0.32% → 3rd straight gain, fresh ATH. NASDAQ +0.53% led by tech. Nvidia -0.79% on slowing revenue growth post-earnings. Europe: STOXX 600 -0.20%, FTSE 100 -0.42% lagged. Eurozone econ sentiment index fell to 95.2 vs 96.0 exp. → weaker sentiment backdrop. What’s next: US July PCE inflation + spending data (today) → key for Fed path. Eurozone CPI flash (Germany/France/Italy) → ECB watch. Japan Tokyo CPI + activity data → BoJ implications. Alibaba/BYD earnings → China sentiment gauge. Key Support and Resistance Levels Resistance Level 1: 23760 Resistance Level 2: 23880 Resistance Level 3: 23760 Support Level 1: 23420 Support Level 2: 23276 Support Level 3: 23050 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 ovrsold rebound supported at 23350US equities advanced, with the S&P 500 +0.41%, closing just shy of record highs, as solid US data offset Fed uncertainty. Conference Board consumer confidence (97.4 vs. 96.5 exp) and core capital goods orders (+1.1% vs. +0.2% exp) signaled resilience, while the Richmond Fed index (-7 vs. -11 exp) improved. Focus today is Nvidia earnings, which could be pivotal for NASDAQ 100 given its AI leadership and sensitivity to US-China trade tensions. Asian tech strength overnight reflects bullish positioning ahead of results. Meanwhile, hedge funds are running record shorts in VIX, betting on low volatility—an extreme stance that has historically preceded sharp market moves, something to watch around Nvidia’s release. In the UK, BoE’s Mann argued for keeping rates high for longer, but impact is limited for US tech trading focus. For NASDAQ 100: near-record highs, tech sentiment riding on Nvidia, but positioning risk in volatility markets could amplify any surprise. Key Support and Resistance Levels Resistance Level 1: 23700 Resistance Level 2: 23830 Resistance Level 3: 23920 Support Level 1: 23350 Support Level 2: 23250 Support Level 3: 23100 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 awaits Fed Powwell's tone at Jackson Hole Key Drivers Powell @ Jackson Hole (10am EST): July FOMC was hawkish on labour, but payroll revisions weaker since → tone today could soften. Market focus: whether Powell leans on labour weakness vs still-solid inflation & activity. Outcome = pivotal for Fed cut expectations and tech valuations. Macro/Policy Noise: Halts & policy risks: immigration and visa restrictions could tighten labour supply, indirectly feeding wage/inflation concerns. NIH funding cuts add fiscal uncertainty. Geopolitical chip tension: Nvidia halting H20 AI chip production under Beijing pressure raises supply-chain risk. Negative for semi names in the NASDAQ-100 (NVDA, AMD, AVGO). US stance on chipmakers: No forced equity stakes → removes one overhang, but policy risk still high. NASDAQ-100 Implications Powell dovish → likely risk-on, tech rally (rate-sensitive growth). Powell hawkish / inflation-first → risk-off, higher yields weigh on big tech multiples. Chip news: Nvidia headline is a near-term drag; could spill over to the semiconductor complex (SOX index). Net read: Short-term cautious bias into Powell due to Nvidia headline + policy noise. Direction after 10am EST depends on Fed tone—dovish shift = upside reversal, hawkish = further pressure on NASDAQ-100. Key Support and Resistance Levels Resistance Level 1: 23480 Resistance Level 2: 23720 Resistance Level 3: 23950 Support Level 1: 23100 Support Level 2: 22985 Support Level 3: 22740 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.
TRADENATION:USTEC
by Trade Nation
6
NSDQ100 corrective pullback supported at 23233Tech drag dominates: The NASDAQ fell -1.46%, its worst day since Aug 1, led by the Magnificent 7 (-1.67%). Nvidia (-3.5%) was the biggest loser and set the tone for semis and AI-linked names. Index divergence: Despite the cap-weighted S&P falling (-0.59%), the equal-weighted S&P rose (+0.45%), showing the selloff was tech-concentrated rather than broad. That highlights rotation into cyclicals/defensives away from mega-cap tech. Stock specifics: Intel (+6.97%) surged on the $2bn SoftBank stake, bucking the chip weakness. Home Depot (+3.17%) outperformed on earnings, showing consumer/housing resilience—positive for broader equities but less relevant for tech. Rates backdrop: 10yr UST yields fell -2.7bps to 4.31% after S&P affirmed the US AA+ rating. Lower yields normally support growth/tech, but today’s positioning and rotation outweighed rate relief. Fed/policy watch: Treasury Sec. Bessent hinted at Fed Chair decision timing (Powell’s replacement watch). Markets remain priced for a jumbo cut in September, with focus shifting to Jackson Hole this week—key risk event for Nasdaq given rate-cut sensitivity. Geopolitics: Noise around Ukraine security guarantees and Switzerland’s peace-talk stance was not market-moving for tech. Relevance for NASDAQ100 traders: Yesterday’s selloff was tech-specific, not broad market weakness, implying concentration risk in mega-caps. Intel’s rally shows idiosyncratic catalysts can break correlation. Watch Jackson Hole & Fed rate-cut pricing → likely main driver for Nasdaq100 short-term. Rotation risk: If the equal-weighted S&P keeps outperforming, the Nasdaq may underperform further unless big tech regains leadership. Key Support and Resistance Levels Resistance Level 1: 23710 Resistance Level 2: 23950 Resistance Level 3: 24200 Support Level 1: 23233 Support Level 2: 23110 Support Level 3: 22985 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.
TRADENATION:USTEC
by Trade Nation
NSDQ100 sideways consolidation support at 23664Yesterday’s market action flipped from Wednesday’s pattern, with US Treasury yields jumping (10yr +5.1bps) after a much hotter-than-expected July Producer Price Index. Headline PPI surged +0.9% MoM (+3.3% YoY) vs. +0.2%/+2.5% expected — the largest monthly gain since March 2022 — and core PPI rose +0.6% MoM (+2.8% YoY) vs. +0.2%/+2.5% expected. The surprise beat every Bloomberg economist’s forecast and dims the chances of a September Fed rate cut. However, PPI components tied to core PCE — the Fed’s preferred inflation gauge — showed only a modest uptick (+0.29% vs. +0.26%), offering some relief. Despite rate cut bets being pared back, the S&P 500 still closed slightly higher (+0.03%), logging a third straight record high. Geopolitical note: Trump and Putin are set to meet in Alaska tonight over Ukraine, with low expectations for an immediate breakthrough. Conclusion for NASDAQ-100: The hotter inflation print and higher yields introduce near-term headwinds, especially for rate-sensitive growth stocks. However, the market’s resilience yesterday suggests bullish momentum remains intact for now — but upside in the NASDAQ-100 may be capped until inflation data eases or Fed policy expectations shift dovishly again. Key Support and Resistance Levels Resistance Level 1: 23965 Resistance Level 2: 24120 Resistance Level 3: 24290 Support Level 1: 23664 Support Level 2: 23533 Support Level 3: 23422 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.
TRADENATION:USTEC
by Trade Nation
2
NSDQ100 rally on rate cuts expectation US equities rallied, with the S&P 500 hitting a new high (+1.13%) after July CPI matched expectations, keeping hopes alive for a September Fed rate cut. Headline CPI was +0.2% MoM / +2.7% YoY, helped by falling gasoline prices, while core CPI rose +0.32% MoM, lifting the YoY rate to 3.1% — the highest core reading in six months. Markets shrugged off the stickier services inflation, focusing instead on the relief that inflation wasn’t hotter. Treasury Secretary Bessent backed the idea of a 50bp cut, further boosting rate-cut bets. Geopolitical headlines — including Putin–Trump summit plans and ongoing Ukraine tensions — were largely ignored by risk assets. Conclusion for Nasdaq 100 trading The inflation data reinforced expectations for Fed easing, keeping risk appetite strong and likely supporting further upside in the Nasdaq 100 in the near term. However, the hotter core services figure is a reminder that any sharp rally could face headwinds if upcoming data challenge the rate-cut narrative. Key Support and Resistance Levels Resistance Level 1: 23965 Resistance Level 2: 24120 Resistance Level 3: 24290 Support Level 1: 23665 Support Level 2: 23533 Support Level 3: 23422 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.
TRADENATION:USTEC
by Trade Nation