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Nasdaq 100: Global Chip Selloff Threatens 50-Day MA Support

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Nasdaq 100: Global Chip Selloff Threatens 50-Day MA Support

Global chip stocks fell overnight, pressuring Nasdaq 100 futures as traders look to the 50-day moving average for technical support. Attention shifts to today’s U.S. trade balance report, which could influence trade-related risk sentiment and near-term growth expectations for tech/semis.

Analysis

Global chip stocks fell overnight, pressuring Nasdaq 100 futures as traders look to the 50-day moving average for technical support. Attention shifts to today’s U.S. trade balance report, which could influence trade-related risk sentiment and near-term growth expectations for tech/semis.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20

Ticker Sentiment

NDAQ

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