A bearish outlook for NASDAQ amid volatility and geopolitical

- Key Insights: The NASDAQ is experiencing volatility, unable to recover its
December highs and aligning with broader bearish sentiment in tech shares.
Investors should watch key support levels for signs of a potential downturn,
especially given the weakening trends in major components like Nvidia which
significantly impact the index. The influence of a stronger US dollar amidst
geopolitical tensions warrants caution for tech investors in the current
market landscape.
- Price Targets: Next week targets are T1=20,500 and T2=20,300. Stop levels are
S1=21,000 and S2=21,200. This configuration suggests maintaining short
positions given current analysis and market sentiment.
- Recent Performance: The NASDAQ has recently shown a downturn of about 2.3%,
reflecting a mixed market performance as it struggles to find direction
while alongside downward trends in the S&P.
- Expert Analysis: Market experts emphasize the importance of tracking Nvidia's
stock movements and assessing the impact of competitive pressures on the
overall tech sector. The call for monitoring support levels is echoed, given
the potential for the index to face further corrections under current
economic conditions.
- News Impact: Recent headlines regarding Nvidia's competition and the overall
impact of a strong US dollar have heightened market volatility. Geopolitical
concerns related to international trade and tariffs continue to influence
investor sentiment, highlighting the need for vigilance in trading
strategies.