
Nasdaq 100 Forecast: Nvidia CEO Huang is Out – What’s Next for NDX?
While the issue is as idiosyncratic as it gets, Nvidia’s turmoil may nonetheless have broader market implications for the Nasdaq 100 and AI trade as a whole.
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While the issue is as idiosyncratic as it gets, Nvidia’s turmoil may nonetheless have broader market implications for the Nasdaq 100 and AI trade as a whole.

After a wobble in the broader AI trade, the Magnificent Seven" stocks are reporting earnings in the coming week - see the key themes and Nasdaq 100 levels to watch!

The new trading week is underway and the Nasdaq 100 is once again displaying a meaningful bullish bias in the short term. This can be seen in the index's recent performance, which has gained more than 2.1% over the last three trading sessions, returning once again to record-high territory.

The trading week is getting underway with renewed bullish momentum across Nasdaq. This is reflected in today's session, where the index has gained more than 2.5%, highlighting a buying bias that has not been observed with this level of strength in several weeks.

Over recent trading sessions, the Nasdaq 100 has continued to display an increasingly evident lack of direction in the short term. This can be seen in recent price action, as the index has recorded a move of just over 1.00% on average over the last four trading sessions, highlighting a period of neutrality that continues to limit a clearer directional move.

These continue to be difficult sessions for the Nasdaq 100. Over the last 4 trading sessions, the index has accumulated a decline of nearly -3.8%, once again highlighting a relevant short-term selling bias.

The trading week is coming to an end, and the Nasdaq 100 has shown important recovery attempts in the short term. Over the last 2 sessions, the index has posted a gain of just over 2.6%, trying to maintain some confidence in its recent movements.

As the second half of the year begins, short-term strength has become evident again in the Nasdaq 100. The index has gained more than 4.00% over the last two trading sessions, once again highlighting a relevant buying bias.

U.S. stocks are jumping on Thursday after strong earnings and guidance from Micron Technology and Qualcomm revived confidence in the AI trade, overshadowing another rise in U.S. inflation.

The week continues, and one of the main factors starting to stand out in the Nasdaq 100 is the recent loss of momentum near record highs. This move comes after a strong recovery at the beginning of the week and shows that buying pressure has not yet stabilized in the short term.

After starting the session with a relevant bearish bias, the Nasdaq 100 has managed to regain short-term strength and is up more than 2.5% on the day. This move has brought back a mild bullish tone to the market, although the broader backdrop remains sensitive.

With the new trading week underway, the Nasdaq 100 has managed to reach new highs. However, the session’s gain is barely above 0.5%, a moderate move compared with previous weeks, when the index posted advances of more than 1.00% in a single session.

The week starts on a positive note for the Nasdaq 100, as the first session shows a gain of more than 1.5%, with price moving closer to the never-before-seen psychological area of 30,000 points. This move continues to reinforce the idea that the buying bias remains relevant in the short term.
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