$NVDA.US
The Index Level closed at 30,609.996 pts, up 459.22 pts over 30 trading days and near the top of its range, despite a slightly bearish fundamental backdrop.
Key Drivers: Strong equipment demand offsets geopolitical and inflation pressure
U.S. capital-goods demand: Core orders rose 1.6% in August from 0.6% in July after revision, supporting technology investment and earnings expectations.
Geopolitical and credit risks: A potential prolonged Strait of Hormuz closure, Iran-related escalation, and riskiest U.S. junk-bond yields at 15% could increase energy, inflation, and financing pressure.
Macro Transmission: The Federal Reserve’s 25bps September rate increase to a 3.75%–4% target range, alongside one-year inflation expectations rising to 4.6% from 4%, raises discount rates and pressures growth-stock valuations; the macro signal is adverse.
Key Levels:
Market Classification: Bullish trend, but weak trend strength; RSI 65.19 and +DI 35.28 exceeds -DI 22.95.
Reference range: Upper boundary 31,177.251 pts and lower boundary 30,042.741 pts; resistance is 30,770.629 pts.
Trend invalidation: A sustained move below MA10 at 29,887.51 pts would materially weaken the bullish structure.
$NASDAQ $
The Index Level closed at 30,609.996 pts, up 459.22 pts over 30 trading days and near the top of its range, despite a slightly bearish fundamental backdrop.
Key Drivers: Strong equipment demand offsets geopolitical and inflation pressure
U.S. capital-goods demand: Core orders rose 1.6% in August from 0.6% in July after revision, supporting technology investment and earnings expectations.
Geopolitical and credit risks: A potential prolonged Strait of Hormuz closure, Iran-related escalation, and riskiest U.S. junk-bond yields at 15% could increase energy, inflation, and financing pressure.
Macro Transmission: The Federal Reserve’s 25bps September rate increase to a 3.75%–4% target range, alongside one-year inflation expectations rising to 4.6% from 4%, raises discount rates and pressures growth-stock valuations; the macro signal is adverse.
Key Levels:
Market Classification: Bullish trend, but weak trend strength; RSI 65.19 and +DI 35.28 exceeds -DI 22.95.
Reference range: Upper boundary 31,177.251 pts and lower boundary 30,042.741 pts; resistance is 30,770.629 pts.
Trend invalidation: A sustained move below MA10 at 29,887.51 pts would materially weaken the bullish structure.
$NASDAQ $