Tech Stocks Intraday Briefing (Intraday · Panic Selling)
11/05 Intraday | 13:13 ET. Dow 51,811, down 2.89%; Nasdaq 24,453, down 4.99%; Philadelphia Semiconductor Index down 10.55%; VIX 24.44, up 47%. Micron 677.70, down 14.78%; Nvidia 182.71, down 8.70%; Qualcomm 154.27, down 10.92%; SpaceX 123.51, down 9.13%; CoreWeave 42.29, down 12.66%; SOXL down about 32%. Bitcoin around $76,000, down 5%; Ethereum around $2,260, down 6.5%.
★★★ Main factors: concentrated retreat from AI trades; the “AI regulatory discount” has materialized; Qualcomm mobile chip revenue down 26%; stronger-than-expected initial jobless claims at 189,000 + hawkish officials; indiscriminate selling.
★★★ Watch: Can the market stabilize into the close? Keep an eye on NVDA 180, MU 650, and Nasdaq 100 26,600;
★★★★ Friday at 20:30: Nonfarm payrolls.
Panic selling has caused the Nasdaq to plunge. All the signals we’ve been watching have now fully played out for profit, from SOXL 80 all the way down; it has now hit a low of 38.
#btc rebounded against the Nasdaq’s trend, but failed to hold above 81,000 and has been falling ever since. It has now broken below the previous support at 76,500.
【5M intraday short-term, small timeframe: Short on a pullback to 75,500; stop-loss 76,500; first take-profit 70,500; second take-profit 66,500】
#SOXL Memory stocks plunged; MU’s rebound lacks strength. 38 is the latest bottom; watch out for a second test.
【5M intraday short-term, small timeframe: Short on a pullback to 48; stop-loss 50; first take-profit 39; second take-profit 30】
Follow Brother Ao for daily recaps of U.S. stocks, BTC, and ETH, along with trade directions and price levels.
11/05 Intraday | 13:13 ET. Dow 51,811, down 2.89%; Nasdaq 24,453, down 4.99%; Philadelphia Semiconductor Index down 10.55%; VIX 24.44, up 47%. Micron 677.70, down 14.78%; Nvidia 182.71, down 8.70%; Qualcomm 154.27, down 10.92%; SpaceX 123.51, down 9.13%; CoreWeave 42.29, down 12.66%; SOXL down about 32%. Bitcoin around $76,000, down 5%; Ethereum around $2,260, down 6.5%.
★★★ Main factors: concentrated retreat from AI trades; the “AI regulatory discount” has materialized; Qualcomm mobile chip revenue down 26%; stronger-than-expected initial jobless claims at 189,000 + hawkish officials; indiscriminate selling.
★★★ Watch: Can the market stabilize into the close? Keep an eye on NVDA 180, MU 650, and Nasdaq 100 26,600;
★★★★ Friday at 20:30: Nonfarm payrolls.
Panic selling has caused the Nasdaq to plunge. All the signals we’ve been watching have now fully played out for profit, from SOXL 80 all the way down; it has now hit a low of 38.
#btc rebounded against the Nasdaq’s trend, but failed to hold above 81,000 and has been falling ever since. It has now broken below the previous support at 76,500.
【5M intraday short-term, small timeframe: Short on a pullback to 75,500; stop-loss 76,500; first take-profit 70,500; second take-profit 66,500】
#SOXL Memory stocks plunged; MU’s rebound lacks strength. 38 is the latest bottom; watch out for a second test.
【5M intraday short-term, small timeframe: Short on a pullback to 48; stop-loss 50; first take-profit 39; second take-profit 30】
Follow Brother Ao for daily recaps of U.S. stocks, BTC, and ETH, along with trade directions and price levels.
