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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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
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 TradeNation
NSDQ100 sideways consolidation support at 23045Nasdaq 100 Market Summary – August 8 Markets remain cautious, with a mix of corporate and macro developments driving sentiment. Gold futures surged after the US unexpectedly imposed tariffs on one-kilo and 100-ounce gold bars. The move surprised traders and added fresh uncertainty to the metals market. Oil prices stabilized following a recent decline, as attention shifts to potential diplomatic developments, including a possible Trump-Putin meeting. In the tech sector, Tesla scrapped its Dojo supercomputer project, a blow to its in-house AI and self-driving ambitions. This comes just weeks after Elon Musk said he was doubling down on the effort. The departure of the project’s lead adds to investor concerns. Meanwhile, Intel’s CEO responded to political pressure by reaffirming his board’s support, as Trump called for his resignation over alleged conflicts of interest. On the economic front, the latest jobless claims data brought some relief after last week’s soft payrolls report. Initial claims rose slightly to 226,000, just above the 222,000 forecast. However, continuing claims came in higher at 1.974 million, with most of the increase seen in California—likely due to seasonal factors. Additionally, the New York Fed’s July survey showed a rise in both inflation expectations and concerns about the job market. Conclusion for Nasdaq 100 Trading: The tone remains cautious. Disruptions at major constituents like Tesla and Intel may drag on sentiment, while macro uncertainty—rising geopolitical tensions, new tariffs, and unstable commodity markets—adds to headwinds. Traders may rotate into defensives or software names with lower exposure to AI hardware or international trade risks. Expect range-bound trading with elevated volatility until clarity emerges on US-Russia diplomacy and the true extent of tariff impacts. Key Support and Resistance Levels Resistance Level 1: 23700 Resistance Level 2: 23900 Resistance Level 3: 24085 Support Level 1: 23045 Support Level 2: 22870 Support Level 3: 22675 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 TradeNation
NSDQ100 Pre US Open Key Trading levelsTrade Policy & Tariff Risks: Donald Trump escalated trade rhetoric, signaling higher tariffs on countries importing Russian energy, and previewing new tariffs on semiconductors and pharmaceuticals within days. This raises geopolitical and supply chain uncertainty—key risks for NSDQ 100 tech and healthcare stocks, particularly chipmakers, drug manufacturers, and firms exposed to global trade. Swiss Tariff Dispute: Swiss President Keller-Sutter is in Washington seeking to lower a newly imposed 39% tariff—highlighting the broader unpredictability of US trade actions, which could fuel market volatility and weigh on investor sentiment. Ukraine Conflict & Sanctions Outlook: As the US pushes toward an Aug. 8 deadline to resolve the Ukraine conflict, Trump's envoy is in Moscow. Potential Kremlin concessions (e.g., halting airstrikes) may reduce geopolitical risk premiums, especially for defense, energy, and global consumer tech firms. Federal Reserve & Rate Policy: With Fed Governor Kugler resigning, Trump is expected to name a replacement this week. His ongoing pressure on the Fed to cut rates adds policy uncertainty. This could support rate-sensitive NSDQ stocks in the near term, especially growth names in tech, if dovish expectations build. Takeaway for NSDQ100 Traders: Expect increased volatility around tariff news, Fed appointments, and geopolitical headlines. Traders should watch for: Semiconductor stocks (e.g., NVDA, AMD, INTC) under pressure from tariff threats. Big tech and biotech swings tied to pharma trade policy. Potential relief rallies if Russia concessions materialize or Fed commentary turns dovish. Key Support and Resistance Levels Resistance Level 1: 23300 Resistance Level 2: 22430 Resistance Level 3: 23680 Support Level 1: 22677 Support Level 2: 22580 Support Level 3: 22388 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 TradeNation
NSDQ100 The Week Ahead Key Support and Resistance Levels Resistance Level 1: 23050 Resistance Level 2: 43190 Resistance Level 3: 43430 Support Level 1: 22500 Support Level 2: 22333 Support Level 3: 22080 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 TradeNation
NSDQ100 ahead of US Employment data After the US close, Apple and Amazon posted mixed results: Apple rose ~2% after-hours on a strong revenue beat ($94bn vs $89.3bn est.) and broad-based growth, especially in China — its first sales increase there in two years. Amazon fell after projecting weaker Q3 operating profits ($15.5–$20.5bn vs $19.4bn est.) and showing slower cloud growth than competitors, raising concerns over its AI strategy. These results pulled NASDAQ 100 futures down by -0.20%, as investors digested disappointing Amazon guidance despite Apple’s strength. Additional Drivers: US July Jobs Report due today may add volatility. Slower payroll growth (+75k est.) and a rise in the unemployment rate (to 4.2%) could support a dovish Fed narrative. Trump’s Global Tariff Announcement added macro uncertainty, with sharp tariff hikes on countries with trade surpluses, including a 35% hit to Canada and 39% to Switzerland. This weighs on global trade sentiment. Pharma Pressure: Trump is also targeting drugmakers on pricing. AstraZeneca hinted at unsustainability, suggesting regulatory risk may be rising for the sector. Conclusion for NASDAQ 100 Trading: The tech-heavy NASDAQ 100 faces near-term downside pressure, driven by Amazon’s weak outlook, broader macro headwinds from tariffs, and potential labor market softness. However, Apple's strong China rebound and stabilizing consumer trends (e.g., Target) offer some support. Expect choppy trade as markets await clarity from the jobs report and tariff policy impact. Key Support and Resistance Levels Resistance Level 1: 23424 Resistance Level 2: 23565 Resistance Level 3: 23720 Support Level 1: 22815 Support Level 2: 22673 Support Level 3: 22500 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 TradeNation
NSDQ100 important support at 23188US equities pulled back, breaking a six-day winning streak for the S&P 500 (-0.30%) as sentiment cooled ahead of key earnings and the Federal Reserve’s rate decision. The Nasdaq 100 (NDX) was weighed down by weakness in megacap tech stocks—the Mag-7 fell -0.68%, with Meta declining -2.46% and Microsoft earnings due after the close. Post-earnings disappointments also pressured tech-related sentiment. PayPal slumped -8.66% on soft volume growth, despite unveiling a new crypto merchant feature, and UnitedHealth fell -7.46% on weaker sales. These sharp declines indicate heightened sensitivity to earnings misses in a market priced for perfection. Meanwhile, market volatility could rise amid geopolitical jitters. A massive magnitude-8.8 earthquake in Russia’s Far East triggered tsunami alerts across the Pacific, briefly affecting Hawaii, California, and Shanghai. While many warnings were later downgraded, the event injected caution into markets. On the macro front, investors are bracing for the Fed’s rate decision later today. The central bank is expected to hold rates steady, but traders are watching closely for guidance on future cuts—particularly in light of Trump’s renewed pressure for easing and ongoing global trade uncertainty, including tariff threats toward India. Conclusion for Nasdaq 100 Trading: With sentiment fragile and earnings risk front and center, traders in the Nasdaq 100 should expect near-term volatility, especially around Microsoft and Meta's earnings reports. The tech sector's leadership is under pressure, and any disappointing results could drag the index lower. Watch the Fed’s tone closely—a neutral or hawkish stance could further weigh on rate-sensitive tech. Cautious positioning or selective hedging may be warranted, particularly as geopolitical risks and trade policy uncertainty resurface. Key Support and Resistance Levels Resistance Level 1: 23568 Resistance Level 2: 23687 Resistance Level 3: 23812 Support Level 1: 23188 Support Level 2: 23047 Support Level 3: 22965 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 TradeNation
NSDQ100 pushing to new ATH?Thursday was a slightly positive session for equities, with the NASDAQ 100 rising +0.18% to close at a fresh record high, driven by strong economic data. However, overall market action was subdued, with the S&P 500’s trading range the narrowest since February (0.35%). Notably, the equal-weighted S&P 500 fell -0.33%, highlighting underlying weakness outside mega-cap tech. A key drag on the NASDAQ came from Tesla (-8.20%), which slumped after disappointing earnings. This weighed on the Magnificent 7, which declined -0.21% despite gains in the other six members. On the macro front, the US dollar strengthened as Donald Trump downplayed his dispute with Fed Chair Jerome Powell, though continued to pressure the Fed on interest rates. Meanwhile, the FCC approved Paramount’s merger with Skydance, signaling a green light for M&A activity in media despite political tensions. Conclusion – NASDAQ 100 Trading View: The NASDAQ 100 remains technically bullish, setting new highs amid resilient economic data. However, breadth is weakening, and headline risk—especially around earnings (e.g., Tesla)—could trigger short-term volatility. Traders should stay long with caution, watching for sector rotation or profit-taking near highs, and monitor Fed-related rhetoric for macro-driven moves. Key Support and Resistance Levels Resistance Level 1: 23480 Resistance Level 2: 23600 Resistance Level 3: 23790 Support Level 1: 23070 Support Level 2: 22950 Support Level 3: 22750 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 TradeNation
NSDQ100 another bullish flag developing ?Donald Trump has agreed a new trade deal with Japan, setting 15% tariffs on US imports like cars and launching a $550 billion fund to boost investment in the US. This is lower than his earlier 25% tariff threat. Other allies saw mixed outcomes—the Philippines got a small tariff cut, while Canada’s talks stalled. Goldman Sachs now expects the US baseline tariff rate to rise to 15%. Trump also suggested that Fed Chair Jerome Powell may not stay in his role much longer, and he’s considering removing capital gains tax on home sales, which could affect the housing market. Separately, a Chinese-linked cyberattack breached the US nuclear weapons agency, though no classified data was stolen. Meanwhile, SpaceX’s investor documents flagged Elon Musk’s political activity as a potential risk as the company targets a $400 billion valuation. Conclusion for Nasdaq 100: The Nasdaq 100 faces short-term uncertainty due to rising trade tariffs, Fed leadership questions, and geopolitical risks. While some US-focused investments could benefit, traders should stay cautious as policy and global tensions evolve. Key Support and Resistance Levels Resistance Level 1: 23265 Resistance Level 2: 23670 Resistance Level 3: 23480 Support Level 1: 22953 Support Level 2: 22840 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 TradeNation
Trade, Fed, and Policy Developments Impacting NASDAQ 100Tariff Expansion Threat: Donald Trump signaled upcoming tariffs on pharmaceuticals and semiconductors, two sectors heavily represented in the NASDAQ 100. These measures could: Raise consumer costs. Disrupt tech and healthcare supply chains. Add margin pressure on multinational firms. Corporate Impact: Rio Tinto revealed $300M in losses from US aluminum tariffs on Canadian output. Canada-US trade talks will intensify, but tariffs appear likely to remain, adding to cost overhang for manufacturers and downstream users. Fed Leadership Uncertainty: Kevin Hassett is emerging as the frontrunner to replace Fed Chair Jerome Powell in 2026. Trump is critical of Powell, even citing Fed building renovation costs as a potential fireable offense. This adds uncertainty to monetary policy continuity, especially as inflation rises and rate path expectations diverge. 401(k) and Private Equity Access: The administration is finalizing an executive order allowing 401(k) plans to invest in private equity, a move that could: Increase alternative asset exposure. Boost private market valuations. Signal a policy tilt toward financial market liberalization, which may help sustain risk sentiment in the medium term. Conclusion for NASDAQ 100 (NSDQ100) Trading The near-term risk for NASDAQ 100 is tilted negative due to the tariff threats on semiconductors and pharma, both major index components. Fed leadership uncertainty could inject volatility into rate expectations, pressuring tech valuations sensitive to discount rate changes. However, the longer-term policy shift toward broader 401(k) access to private markets could support overall market sentiment and capital flows. Bias: Cautiously Bearish in the short term due to trade and Fed risks; neutral to slightly bullish medium term if private capital access reforms proceed and trade escalation is contained. Key Support and Resistance Levels Resistance Level 1: 23080 Resistance Level 2: 23170 Resistance Level 3: 23250 Support Level 1: 22750 Support Level 2: 22670 Support Level 3: 22590 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 TradeNation
NSDQ100 Bullish breakout retest?Donald Trump escalated trade tensions again, threatening a 35% tariff on Canadian goods shortly after reopening trade talks, and floated doubling global tariffs to 20%. This reinforces his aggressive protectionist stance and puts renewed pressure on allies like Canada and Vietnam, the latter blindsided by a 20% levy. Meanwhile, US-China relations may be entering a critical phase, with a possible Trump-Xi summit hinted at by Marco Rubio during talks in Malaysia. On the geopolitical front, Trump is signaling a harder line on Russia, previewing a “major statement” and backing expanded sanctions as the US sends more weapons to Ukraine. This raises global uncertainty, especially for energy and defense sectors. Conclusion for NSDQ100 trading: Rising trade tensions and geopolitical risks may dampen market sentiment and lead to volatility in tech-heavy Nasdaq stocks, particularly those reliant on global supply chains. While traders have grown numb to tariff talk, the cumulative pressure suggests a downside risk is building. In the short term, maintain a cautious stance—watch for potential pullbacks and heightened intraday volatility as policy clarity remains elusive. Key Support and Resistance Levels Resistance Level 1: 22940 Resistance Level 2: 23060 Resistance Level 3: 23180 Support Level 1: 22410 Support Level 2: 22300 Support Level 3: 22130 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 TradeNation
18
Nasdaq 100 Index 2-Hour Chart Analysis2-hour candlestick chart for the Nasdaq 100 Index (NDX) on the NASDAQ exchange. The chart spans from May to August, showcasing a significant upward trend with notable fluctuations. Key indicators include a recent price of 22,861.53, representing a 0.72% increase. The chart features technical analysis elements such as support and resistance levels, highlighted by green and red boxes, and a downward arrow suggesting a potential price movement.
NASDAQ:NDXShort
by Alee_Gold_Trader
NSDQ100 Bullish Flag continuation pattern developing Metals Market Volatility Trump’s proposed 50% tariff on copper imports triggered a sharp drop in London copper prices (~2%), with risks of falling below $9,000/ton. While U.S. prices spiked on supply concerns, the global move reflects industrial demand fears—potentially weighing on manufacturing and cyclical stocks. Trade Negotiations Intensify Asian trade delegates have logged over 350,000 air miles traveling to Washington as tariff timelines remain unclear. Ongoing uncertainty is capping broader risk appetite, though delayed duties and active talks are offering short-term relief to markets. Fed Under Pressure Trump ramped up criticism of Fed Chair Jerome Powell, calling him “terrible,” and may consider replacing him with top adviser Kevin Hassett. This raises questions about central bank independence and future rate policy, a potential headwind for investor confidence. Market Snapshot U.S. stock futures: Slightly higher Oil: Up, on Red Sea conflict Gold: Down, as risk appetite stabilizes Conclusion – Nasdaq 100 Trading Outlook Near-term view: Mildly bullish, supported by easing trade tension and tech sector strength. Caution warranted: Watch for headline risks from new tariff announcements or Fed-related developments. Key Support and Resistance Levels Resistance Level 1: 22940 Resistance Level 2: 23060 Resistance Level 3: 23180 Support Level 1: 22410 Support Level 2: 22300 Support Level 3: 22130 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 TradeNation
2
NSDQ100 lower after ADP Employment shrank to 33K in JuneTrump Trade Tensions: Donald Trump reaffirmed his July 9 deadline for higher tariffs, intensifying criticism of Japan, particularly over auto sector issues. While Japan insists talks are in good faith, market fears of a breakdown are rising. US Tax Policy in Focus: Trump’s “Big Beautiful” tax and spending bill faces potential resistance in the House despite narrowly passing the Senate. The proposal’s scale and political friction are drawing investor attention. Apple Supply Chain Worry: Foxconn has pulled hundreds of Chinese staff from its Indian iPhone factories, sparking fresh concerns about Apple’s supply chain and Wall Street’s potentially overheated tech optimism. Paramount Settlement: Paramount resolved a lawsuit with Trump over alleged election interference via CBS’s coverage. Meanwhile, the company awaits FCC approval for its Skydance merger. Auto Sector Weakness: Stellantis reported a 10% drop in U.S. Q2 deliveries despite some brand gains. Tesla is expected to post a 12% annual decline in vehicle deliveries, reinforcing signs of cooling demand in the sector. Conclusion: Markets remain cautious but resilient amid political tensions, supply chain disruptions, and weaker auto sales. Attention is now turning to upcoming trade deadlines, policy decisions, and Q2 corporate results. Key Support and Resistance Levels Resistance Level 1: 22710 Resistance Level 2: 22820 Resistance Level 3: 22930 Support Level 1: 22190 Support Level 2: 22040 Support Level 3: 21900 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 TradeNation
NSDQ100 Bullish breakout supported at 21950President Trump rejected a Pentagon intelligence report suggesting his airstrikes on Iran had limited effect, claiming they caused “total obliteration,” despite inconclusive satellite imagery. In a surprising move that weakens longstanding US sanctions, Trump also allowed China to resume purchases of Iranian oil. Federal Reserve Chair Jerome Powell reiterated that the current inflation outlook supports holding interest rates steady. He is expected to provide further detail in testimony before the Senate Banking Committee today. Markets responded calmly: stock futures were steady as the Israel-Iran truce held, and oil prices rose slightly after their sharpest two-day drop since 2022. Separately, the UK announced plans to purchase 12 US-made F-35A fighter jets capable of carrying nuclear weapons, in a bid to strengthen ties with Trump. NATO allies are working diplomatically to reassure the US of their unity, ahead of a summit in The Hague. Key Support and Resistance Levels Resistance Level 1: 22380 Resistance Level 2: 22500 Resistance Level 3: 22690 Support Level 1: 21950 Support Level 2: 21810 Support Level 3: 21680 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 TradeNation