NASDAQ 100 Daily Technical Analysis & Setups

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16 hours 9 minutes ago #18550 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NAS100 Daily Technical Analysis -- Tuesday, 12 May 2026
Data: Close 12-May-26 | NAS100 (NDX): ~29,350 | Change: approx. flat to +0.1% | Prev Close (11 May): 29,320.66 | VIX: ~18 (+7%)
Session Range: ~28,900 intraday low (CPI shock) to ~29,380 (recovery) | ATH: 29,372 (set 11 May)

MARKET OVERVIEW

The NASDAQ 100 staged a remarkable intraday recovery on Tuesday after selling off sharply at the open in response to hotter-than-expected inflation data. April CPI came in at 3.8% year-over-year against a 3.7% consensus, while core CPI held at 2.8% vs the 2.7% estimate. Initial risk-off sentiment triggered a sell-off across tech and growth stocks, but investor confidence in AI-driven earnings growth reasserted itself through the session, producing a near-flat close.

Mega-cap strength from AAPL (+0.72%) and NVDA (+0.61%) -- both printing new 52-week highs during the session -- anchored the index's recovery. CSCO (+0.58%) also closed at a new 52-week high (99.93). COST (+2.24%) and ISRG (+2.81%) added additional positive weight.

The day's major drag was QCOM (-11.46%), which sold off sharply on Q3 2026 guidance concerns and the approaching Apple modem revenue cliff -- despite beating Q2 estimates. Oil surged above $100/barrel on US-Iran tensions (Strait of Hormuz concerns), adding an inflationary overlay. Broader indices: Dow Jones +0.2% (49,704), S&P 500 +0.2% (7,412), Nasdaq Composite +0.1% (26,274).

Overall index bias: CAUTIOUSLY BULLISH -- the NAS100 remains in a strong primary uptrend approaching the 30,000 psychological target, but the inflation surprise introduces rate-hike risk and rotation away from software/cloud names is accelerating.

TREND ANALYSIS

Index Structure (NAS100):
The NDX remains in a confirmed primary uptrend with market structure showing higher highs and higher lows on the daily timeframe. The index is in an active breakout/trending phase after setting a new ATH of 29,372 on 11 May. The 30,000 level is the next major target. Today's intraday recovery from the CPI-shock low confirmed buyer support above the 29,000 zone.

EMA Stack (Index -- Estimated):
The NDX is trading well above all major moving averages. EMA20 is estimated in the 27,200-27,500 zone; EMA50 in the 25,000-25,500 zone; EMA200 well below around 21,000-22,000. This is a FULLY BULLISH EMA alignment with price extended to the upside.

Individual Stock EMA Breadth (40 components):
- Bull above all 3 EMAs: 23 stocks (57.5%)
- Bear below all 3 EMAs: 14 stocks (35.0%)
- Mixed/Recovery (partial EMA alignment): 3 stocks (7.5%)

The bull majority reflects index health. The 14-stock bear count reveals a clear structural rotation: software/cloud names (ADBE, INTU, WDAY), consumer internet (MELI, DASH, PYPL, NFLX), and select mega-cap (MSFT, META) are in primary downtrends while semiconductors and cybersecurity lead.

INDICATOR SIGNALS

RSI (14) -- Index Level:
The NAS100 index RSI is estimated in the 65-70 zone -- elevated but not classically overbought, consistent with a trending bull market making new highs.

RSI -- Component Analysis:
- Overbought (RSI >70): AAPL 73.3 | GOOGL 70.4 | ADI 70.0 | AMD 77.2 | PANW 79.0 | MU 79.4 | CSCO 76.0 | TXN 76.4 | CRWD 76.8 | FTNT 81.4 -- 10 stocks overbought
- Neutral Zone (40-70): 24 stocks
- Near-Oversold / Oversold (<40): MELI 33.7 | ISRG 37.4 | NFLX 37.9 | BKNG 38.1 | PYPL 39.0 | META 40.9 -- watch for counter-trend bounces

MACD -- Component Analysis:
Approximately 22 of 40 stocks show bullish MACD (line above signal). Strongest bullish readings: AMD (52.39 > 42.04), MU (83.94 > 58.14), CRWD (29.09 > 19.64), GOOGL (20.64 > 18.95), TXN (20.60 > 19.51). Critically, QCOM's MACD remains bullish (21.59 > 14.75) despite today's 11.46% selloff -- the trend is intact.
Most bearish MACD readings: MELI (-32.19 vs -1.74), META (-7.39 vs -0.77), ISRG (-8.56 vs -5.43), BKNG (-3.81 vs -1.97).

Volume (Relative Volume):
- Elevated rv (>1.25): MELI 1.96 | MU 1.58 | PYPL 1.56 | CSCO 1.49 | ADI 1.37 | QCOM 1.41 | AMAT 1.32 | CEG 1.29 | CRWD 1.25 | COST 1.18
- QCOM: rv=1.41 on a -11.46% day confirms institutional distribution
- MELI: rv=1.96 (highest in the index) on a +1.38% day -- potential capitulation buying near 52wL
- CSCO: rv=1.49 on a day it printed a new 52wH -- conviction accumulation

KEY NAS100 INDEX LEVELS

Resistance:
- R1: 29,372 (52-week / all-time high set 11 May -- breakout trigger if closed above)
- R2: 29,500 (psychological level; first target on ATH breakout)
- R3: 30,000 (major psychological round number -- primary bull target)

Support:
- S1: 28,900-29,000 (today's intraday CPI-shock low; strong recovery zone)
- S2: 28,000-28,200 (prior breakout zone; former resistance turned key support)
- S3: 27,200-27,500 (estimated EMA20 zone; key structural floor)

Classic Pivot Points (estimated from 11 May OHLC):
S2: ~28,800 | S1: ~29,000 | Pivot: ~29,200 | R1: ~29,400 | R2: ~29,600

Psychological Levels: 29,000 | 29,500 | 30,000 (primary target)

NASDAQ 100 COMPONENT SIGNALS

Format: TICKER | Trend (EMA) | RSI | MACD | % from 52wH | Daily Chg | vs POC

--- Mega-Cap Tech ---
AAPL | Bull above all | OB (73.3) | Bull | -0.2% (at ATH!) | +0.72% | Above POC (264.93)
MSFT | Bear below all | Neutral (49.0) | Bear | -26.6% | -1.18% | Above POC (398.17)
NVDA | Bull above all | Near-OB (69.3) | Bull | -1.3% (near ATH) | +0.61% | Above POC (188.86)
AMZN | Bull above all | Neutral (63.

| Bull | -4.9% | -1.69% | Above POC (304.91)
CRWD | Bull above all | OB (76.

| Bull | -3.7% | +0.72% | Above POC (412.97)
PANW | Bull above all | OB (79.0) | Bull | -3.6% | +0.91% | Above POC (163.81)
FTNT | Bull above all | OB (81.4) | Bull | -2.2% (at ATH!) | -1.36% | Above POC (84.85)
WDAY | Bear below all | Neutral (43.0) | Bull* | -57.0% | -2.31% | Below POC (129.78)
CSCO | Bull above all | OB (76.0) | Bull | -0.6% (at ATH!) | +0.58% | Above POC (82.61)

--- Consumer / Internet / Travel ---
TSLA | Bull above all | Neutral (67.1) | Bull | -13.1% | -2.60% | Above POC (387.59)
COST | Bull above all | Neutral (57.2) | Bull | -4.2% | +2.24% | Above POC (998.15)
NFLX | Bear below all | OS-zone (37.9) | Bear | -34.6% | +2.59% | Below POC (93.26)
BKNG | Bear below all | OS-zone (38.1) | Bear | -31.3% | +1.75% | Below POC (170.63)
MELI | Bear below all | OS (33.7) | Bear | -40.3% | +1.38% | Below POC (1743.96)
ABNB | Mixed | Neutral (45.7) | Bear | -8.0% | -1.15% | Above POC (132.98)
DASH | Bear below all | OS-zone (37.9) | Bear | -45.6% | -1.36% | Below POC (167.95)
PYPL | Bear below all | OS-zone (39.0) | Bear | -42.9% | +0.82% | Below POC (45.89)
MAR | Mixed | Neutral (47.4) | Bear | -7.8% | -0.87% | Above POC (343.27)

--- Healthcare / Biotech ---
ISRG | Bear below all | OS-zone (37.4) | Bear | -28.5% | +2.81% | Below POC (470.63)
REGN | Mixed (above EMA200 only) | Neutral (47.3) | Bull* | -11.9% | +1.49% | Below POC (748.74)

--- Industrial / Energy / Telecom ---
TMUS | Bear below all | Neutral (46.5) | Bull* | -26.1% | +1.28% | Below POC (204.49)
LIN | Bull above all | Neutral (53.3) | Bear* | -3.3% | -0.11% | Above POC (495.69)
CEG | Bear below all | Neutral (45.4) | Bear | -28.8% | -2.03% | Below POC (301.88)
ORLY | Bear below all | Neutral (45.5) | Bear | -15.5% | +0.54% | Below POC (92.71)

(* = borderline signal; OB = overbought >70; OS = oversold <30; OS-zone = 30-40)

SECTOR GROUPING

Semiconductors -- BROADLY BULLISH (All 10 above all 3 EMAs)
Despite heavy single-day profit-taking (MRVL -3.71%, MU -3.61%, LRCX -2.30%, AMAT -2.80%), every tracked semiconductor name remains above all 3 EMAs -- confirming the pullback is macro/rotation-driven rather than structural. New 52-week highs in NVDA and ADI. MU at RSI 79.4 with rv=1.58 saw aggressive profit-taking but the trend is intact. QCOM's -11.46% is entirely company-specific (guidance + Apple modem cliff) and not indicative of broad semiconductor weakness.

Cybersecurity -- STRONGLY BULLISH
CRWD (+0.72%), PANW (+0.91%), FTNT (+0.0% today but printed a new 52wH at 116.46), CSCO (new 52wH at 99.93). All four above all EMAs. PANW RSI 79, FTNT RSI 81.4, CRWD RSI 76.8. Overbought but in confirmed momentum-trending phase. This sector is the leadership group.

Mega-Cap Tech -- SPLIT (4 Bullish / 2 Bearish)
AAPL, NVDA, AMZN, GOOGL above all EMAs and near ATH levels. MSFT and META remain in structural downtrends (both below all 3 EMAs). AAPL touching its 52-week high (295.27) today is key positive breadth for the index.

Software / Cloud (Non-Security) -- BEARISH ROTATION
ADBE (-43.1% from ATH), INTU (-52.4%), WDAY (-57.0%), NFLX (-34.6%). These stocks are in confirmed primary downtrends. Even SNPS, which is above all EMAs, is -21.3% from its ATH. The market is rotating away from traditional SaaS/cloud valuations.

Consumer Internet / Travel -- MIXED TO BEARISH
COST is the standout (+2.24%), confirming defensive consumer spend. NFLX, BKNG, MELI are getting counter-trend bounces from deeply oversold levels but structural trends remain down. TSLA holding above all EMAs despite -2.60% today. PYPL (-42.9% from ATH), DASH (-45.6% from ATH) -- deep structural damage.

Healthcare -- BEARISH (Structural)
ISRG +2.81% today but -28.5% from ATH with all EMAs declining above price. REGN showing tentative recovery (above EMA200 only). No sustained bullish catalyst visible.

TOP SWING TRADE SETUPS

1. NVDA -- Momentum Continuation Near ATH
NVDA printed a new 52-week high (223.75) during Tuesday's session before closing at 220.78 -- a minor pullback from the high. Bull above all 3 EMAs by a wide margin (EMA20 204.96, EMA50 195.67, EMA200 180.25). RSI 69.3 -- healthy momentum, not yet overbought. MACD bullish crossover (7.15 > 6.11). Relative volume 1.03 -- no blow-off, controlled advance. POC at 188.86 is well below, confirming sustained buyer commitment above fair value. Intraday dip to 214.92 was bought aggressively.
Entry: 218-220 · Stop: 213.50 (below today's low 214.92) · T1: 224.71 (R1) · T2: 228.65 (R2) · R:R: 1:1.7
ATR: 6.91 | POC: 188.86 (strong below -- buyer-controlled)

2. AAPL -- ATH Breakout / Continuation
AAPL closed at 294.80 with the session high of 295.27 equalling its 52-week high -- the stock is at all-time territory. Bull above all 3 EMAs (EMA20 278.36, EMA50 269.69, EMA200 256.37). RSI 73.3 -- overbought in an uptrend is continuation signal, not reversal. MACD strongly bullish (8.25 > 6.29). POC at 264.93 means AAPL is 30 above its volume-weighted fair value -- sustained buyer conviction. A close above 295.27 tomorrow confirms the ATH breakout.
Entry: 294-295 (on dip) or 295.30 (breakout confirmation) · Stop: 290.50 (below classic S2 291.50) · T1: 297.00 · T2: 300.00 · R:R: 1:1.5
ATR: 6.21 | POC: 264.93 (well below -- buyers firmly in control)

3. CRWD -- Momentum Leader With Room to ATH
CrowdStrike is one of the strongest stocks in the index. Bull above all 3 EMAs (473.24 / 446.36 / 443.86 -- near EMA50/200 golden cross). RSI 76.8 (overbought momentum). MACD strongly bullish (29.09 > 19.64 -- widening). Close at 546.18 is only 3.7% from 52-week high (566.90). Today's low (533.00) held above classic S1 (535.31). Relative volume 1.25 -- conviction accumulation. POC 412.97 -- far below, indicating persistent buying pressure.
Entry: 540-543 · Stop: 530 (below today's low) · T1: 555 (Cam R1 area) · T2: 567 (52wH) · R:R: 1:1.9
ATR: 20.75 | POC: 412.97 (far below -- sustained buying above fair value)

4. QCOM -- Dip Buy Into Intact Uptrend
Despite a dramatic -11.46% selloff to 210.31, QCOM remains bull above ALL 3 EMAs (EMA20 176.19, EMA50 156.93, EMA200 155.44). This is the critical point -- the structural uptrend is intact. MACD remains bullish (21.59 > 14.75), RSI dropped to 68.6 -- not oversold, not damaged. Session range: H 230.00, L 202.00. The selloff was driven by Q3 revenue guidance and Apple modem concerns -- both flagged risks, not new surprises. Classic S1 at 198.21 provides a firm support line.
Entry: 208-212 · Stop: 200 (round number + below cam S4 194.91) · T1: 220 · T2: 226 (cam R4) · R:R: 1:1.6
ATR: 14.76 | POC: 158.59 (far below -- dip-buy only while MACD remains positive)

5. CSCO -- Breakout at New 52-Week High
Cisco hit a new 52-week high of 99.93 today (= the current ATH) with close at 99.29. Bull above all EMAs (EMA20 91.11, EMA50 86.07, EMA200 76.99 -- massively extended). RSI 76.0 (momentum). MACD bullish (3.84 > 3.14). Relative volume 1.49 -- high conviction on the ATH test. POC at 82.61 -- price is in strong buyer territory. Network infrastructure spend driven by AI data centre demand is the underlying catalyst.
Entry: 99-99.30 · Stop: 97.77 (today's low) · T1: 100.48 (Cam R4) · T2: 102.38 (Classic R3) · R:R: 1:1.4
ATR: 2.38 | POC: 82.61 (far below -- sustained buying above value)

INTRADAY SETUPS (PIVOT AND CAMARILLA LEVELS)

Setup 1: NVDA -- Camarilla Pivot Bounce Long
NVDA closed at 220.78, sitting between Cam S3 (218.35) and Cam R3 (223.21). Classic pivot at 219.82 -- closed above it, indicating mild bullish intraday bias. A pullback toward 218.50-220.00 (Cam S3 to pivot zone) with candle confirmation is the entry.
Direction: LONG | Entry: 218.50-220.00 | Stop: 215.92 (Cam S4) | T1: 223.21 (Cam R3) | T2: 225.64 (Cam R4)
Confluence: Bull uptrend, MACD bullish, above classic pivot, 52wH magnetic target above

Setup 2: AAPL -- Camarilla Breakout Long Above ATH
AAPL's 52-week high (295.27) equals today's high. Cam R3 at 295.55 and Cam R4 at 296.29 sit just above. A confirmed break and close above 295.30 triggers the Camarilla breakout pattern.
Direction: LONG | Entry: 295.30 (ATH break) or Cam S3 bounce at 294.05 | Stop: 293.31 (Cam S4) | T1: 295.55 (Cam R3) | T2: 296.29 (Cam R4)
Note: Camarilla range is very tight (ATR 6.21 compresses well). Also trade Cam S3 (294.05) as a long entry with same stop.

Setup 3: TSLA -- Camarilla S3 Bounce Long
TSLA closed at 433.44. Cam S3 426.42, Cam S4 419.39. Classic pivot 434.50. Today's intraday low of 422.26 briefly pierced below Cam S3 before recovering -- a classic intraday stop-run before reversal. Price closing back above Cam S3 is the signal. A pullback to 426-428 (Cam S3 zone) provides a defined-risk long.
Direction: LONG | Entry: 426-428 (Cam S3 bounce) | Stop: 419.39 (Cam S4) | T1: 440.46 (Cam R3) | T2: 447.49 (Cam R4)
Confluence: Bull above all EMAs, MACD strongly bullish (12.86 > 6.19), ATR 16.88 creates wide profit targets

Setup 4: AMD -- Classic Pivot Pullback Long
AMD's session low (426.11) approached Cam S4 (430.31) -- buyers stepped in and closed price at 448.29. Classic pivot at 444.40 provides the reload entry on any pullback. RSI 77.2 and MACD strongly bullish (52.39 > 42.04) support continuation.
Direction: LONG | Entry: 444-446 (classic pivot) | Stop: 430 (Cam S4 zone) | T1: 457.28 (Cam R3) | T2: 466.27 (Cam R4)
Confluence: Bull massively above all EMAs (EMA20 358, EMA50 295, EMA200 225), strongest MACD in index

Setup 5: PANW -- Momentum Long on Cam S3 Bounce
PANW closed at 215.60. Today's low (210.77) briefly tested below Cam S4 (212.64) before recovering -- intraday reversal. The close above Cam S3 (214.12) confirms buyer recovery. RSI 79, MACD strongly bullish (10.82 > 7.23), rv 1.13.
Direction: LONG | Entry: 213-215 (Cam S3/S4 zone) | Stop: 209 (below today's low) | T1: 217.08 (Cam R3) | T2: 218.56 (Cam R4)
Confluence: Bull above all EMAs, near 52wH (223.61), cybersecurity sector leading

KEY LEVELS DASHBOARD -- TOP 5 STOCKS

NVDA | Close 220.78 | Range 214.92 - 223.75 | ATR 6.91
Cam: S4 215.92 S3 218.35 S2 219.16 S1 219.97 || R1 221.59 R2 222.40 R3 223.21 R4 225.64
Classic: S3 207.05 S2 210.99 S1 215.88 | Pivot 219.82 | R1 224.71 R2 228.65 R3 233.54
EMA 20: 204.96 | EMA 50: 195.67 | EMA 200: 180.25
POC: 188.86 | 52wH: 223.75 (today's high = ATH) | 52wL: 120.28

AAPL | Close 294.80 | Range 292.56 - 295.27 | ATR 6.21
Cam: S4 293.31 S3 294.05 S2 294.30 S1 294.55 || R1 295.05 R2 295.30 R3 295.55 R4 296.29
Classic: S3 290.44 S2 291.50 S1 293.15 | Pivot 294.21 | R1 295.86 R2 296.92 R3 298.57
EMA 20: 278.36 | EMA 50: 269.69 | EMA 200: 256.37
POC: 264.93 | 52wH: 295.27 (today's high = ATH) | 52wL: 193.46

AMD | Close 448.29 | Range 426.11 - 458.80 | ATR 23.03
Cam: S4 430.31 S3 439.30 S2 442.30 S1 445.29 || R1 451.29 R2 454.28 R3 457.28 R4 466.27
Classic: S3 397.31 S2 411.71 S1 430.00 | Pivot 444.40 | R1 462.69 R2 477.09 R3 495.38
EMA 20: 358.16 | EMA 50: 295.02 | EMA 200: 225.23
POC: 266.44 | 52wH: 469.22 | 52wL: 106.98

TSLA | Close 433.44 | Range 422.26 - 447.80 | ATR 16.88
Cam: S4 419.39 S3 426.42 S2 428.76 S1 431.10 || R1 435.78 R2 438.12 R3 440.46 R4 447.49
Classic: S3 395.66 S2 408.96 S1 421.20 | Pivot 434.50 | R1 446.74 R2 460.04 R3 472.28
EMA 20: 398.34 | EMA 50: 393.26 | EMA 200: 391.45
POC: 387.59 | 52wH: 498.83 | 52wL: 273.21

CRWD | Close 546.18 | Range 533.00 - 552.43 | ATR 20.75
Cam: S4 535.49 S3 540.84 S2 542.62 S1 544.40 || R1 547.96 R2 549.74 R3 551.52 R4 556.87
Classic: S3 515.88 S2 524.44 S1 535.31 | Pivot 543.87 | R1 554.74 R2 563.30 R3 574.17
EMA 20: 473.24 | EMA 50: 446.36 | EMA 200: 443.86
POC: 412.97 | 52wH: 566.90 | 52wL: 342.72

BEARISH WARNINGS

1. WDAY (Workday) -- Approaching 52-Week Low
Close 118.62 | Bear below all EMAs (EMA200: 178.74) | RSI 43 | -57.0% from ATH (276.00). 52wL at 110.36 -- only 7.5% away. The stock is in a death spiral trajectory. MACD borderline. Avoid longs; watch for 52wL break as acceleration trigger.

2. INTU (Intuit) -- Deep Structural Downtrend
Close 387.74 | Bear below all EMAs (EMA200: 531.64) | RSI 45 | -52.4% from ATH (813.70). EMA200 overhead represents a 37.1% recovery needed before trend reversal. 52wL at 342.11 -- 11.7% below. Continued distribution on below-average volume (rv 0.95).

3. ADBE (Adobe) -- Confirmed Structural Decline
Close 240.83 | Bear below all EMAs | RSI 44.6 | -43.1% from ATH (422.95). EMA200 at 305.58 is 26.9% above price. 52wL at 224.13 -- only 6.9% below current price. High risk of 52wL breach. MACD barely positive (0.41 vs 0.26) -- fragile.

4. MELI (MercadoLibre) -- Critical Warning: Near 52-Week Low
Close 1578.78 | Bear below all EMAs (EMA200: 1981.15) | RSI 33.7 (near oversold) | -40.3% from ATH (2645.22). CRITICAL: Only 2.7% above 52-week low (1536.71). MACD severely bearish (-32.19 vs -1.74 signal). Highest relative volume in the index today (rv 1.96) on a +1.38% day -- possible capitulation/short covering. If 1537 fails, significant acceleration lower expected.

5. MSFT (Microsoft) -- Mega-Cap Underperformer
Close 407.77 | Bear below all EMAs (EMA200: 438.96) | RSI 49 | -26.6% from ATH (555.45). The largest mega-cap underperformer in the index. EMA200 at 438.96 represents a -7.4% overhead gap that acts as resistance. MACD bearish (4.28 vs 6.15 signal). This is a notable divergence from AAPL and NVDA's ATH performance.

6. QCOM -- Post-Selloff Vulnerability
Close 210.31 | Still bull above all EMAs but MACD resilience must hold | RSI 68.6 | -15.2% from 52wH | rv 1.41. Q3 revenue guidance of $9.2-10.0B and Apple modem revenue cliff in FY2026 Q4 remain overhanging risks. If MACD crosses bearish, watch Cam S4 (194.91) and classic S2 (186.10) as downside targets. Today's range (202-230) provides reference for follow-through.

7. CEG (Constellation Energy) -- Nuclear Theme Not Saving the Chart
Close 293.60 | Bear below all EMAs (EMA200: 309.31) | RSI 45.4 | -28.8% from ATH (412.70). Despite the narrative around nuclear power and AI data centres, CEG remains below all EMAs. rv 1.29 on a -2.03% day confirms distribution. MACD bearish (2.74 vs 3.82).

EVENTS CALENDAR

Macro Events (Immediate):
- US PPI (Producer Price Index) -- expected this week; follows today's hot CPI (3.8%). A hot PPI print would reinforce rate-hike fears.
- Fed speakers -- post-CPI commentary expected across the week; market listening for rate cut timeline signals given the inflation overshoot.
- Oil above $100/barrel (Brent) -- US-Iran tensions / Strait of Hormuz risk premium; key for energy costs and broader inflation narrative.
- FOMC rate decision and timeline -- next meeting scheduled; no rate cuts expected near-term with CPI at 3.8%.

Earnings -- NAS100 Components (Next 4 Weeks):
- CSCO -- Cisco typically reports mid-May (Q3 FY2026 ending April); watch for AI networking demand and data centre commentary. Trading at ATH -- expectations high.
- PANW -- Palo Alto typically reports mid-May; cybersecurity spending trends key.
- NVDA -- Q1 FY2027 earnings expected late May. This is THE most important upcoming earnings event for the NAS100. AI inference demand and data centre capex guidance will set the tone for the index.
- COST -- Quarterly report expected late May/early June; consumer spending health check.
- ADBE -- Typically mid-June; software spending environment.

Already Reported (No Upcoming Catalyst): AAPL, MSFT, AMZN, META, GOOGL, TSLA, QCOM (Q2 beat; Q3 guidance disappointed), AMD.

Report: 12 May 2026 22:00 GMT · Data sourced from TradingView/ChartsView NAS100 scanner webhook and web market sources. NDX index close estimated from Nasdaq Composite close (+0.1%) and weighted component analysis. Not financial advice. Always DYOR. Capital at risk.

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remo
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4 days 16 hours ago #18548 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 Daily Technical Analysis - Friday 8 May 2026
Data: Close 8 May 2026 · Nasdaq Composite: 26,247.08 · Change: +439.78 (+1.71%) · S&P 500: 7,398.93 (+0.84%) · VIX: ~17 (low-vol regime) · Bias: BULLISH

MARKET OVERVIEW

The Nasdaq surged to fresh record highs on Friday, powered by an explosive semiconductor rally and a Goldilocks April jobs print (+115K vs +65K consensus, unemployment steady at 4.3%). The Nasdaq Composite gained 1.71% to 26,247.08 - its sixth straight weekly advance and the longest win streak since 2024. The Philadelphia SE Semiconductor index hit a new all-time high.

Across the 40 NAS100 components tracked here, 24 closed green vs 16 red, averaging +1.53%. Breadth was driven by a violent rotation INTO chips and OUT of consumer/internet names. Memory and equipment stocks ran double-digit moves on AI infrastructure demand: MU +15.52%, AMD +11.44%, QCOM +8.15%, MRVL +6.32%, AMAT +6.05%, KLAC +6.01%. The standout casualty: MELI -12.70% on a heavy 4.86x relative volume liquidation that smashed the stock to within 2.5% of its 52-week low.

Top movers (mega-caps): AAPL +2.03%, NVDA +1.76%, GOOGL +0.68%, AMZN +0.56%, MSFT -1.39%, META -1.16%.

TREND ANALYSIS

EMA Stack Breakdown (40 components):
- Bull (above 20/50/200): 23 stocks (57.5%) - the index majority is in clean uptrend
- Bear (below 20/50/200): 11 stocks (27.5%) - concentrated in consumer/internet
- Mixed/Recovery: 4 stocks · Bull (above 20/50): 1 (MSFT) · Bear (below 20/50): 1 (LIN)

Market Structure: Higher highs and higher lows on the index. The NAS100 component aggregate is now within striking distance of fresh 52-week highs - 12 of 40 stocks closed within 2% of their 52-week high, a textbook breadth thrust.

Phase: Trending bullish with momentum acceleration in semis. The whole-week Nasdaq-100 move exceeded +5%, suggesting a momentum-led trend day rather than a mean-reverting bounce.

INDICATOR SIGNALS

RSI(14): 14 of 40 stocks now above 70 (overbought concentration): PANW, MU, ADI, SNPS, CDNS, CRWD, FTNT, AAPL, AMZN, GOOGL, AMD, QCOM, CSCO, TXN. Zero stocks oversold. This is a momentum signal, not a reversal one - but it warns that fresh longs at these levels are paying full price for performance already realised.

MACD: 24 of 40 components show MACD line above signal (bullish). The standout bearish-MACD names despite green closes are KLAC, AVGO, MRVL - watch for divergence resolution in the next 1-2 sessions.

Volume: Index relative volume averaged near 1.2x, confirming the rally was not low-volume drift. Notable RVOL spikes: MELI 4.86x (capitulation sell), PANW 1.68x, MU 1.49x, AMD 1.22x.

KEY NAS100 INDEX LEVELS

Resistance:
- 26,500 - next round-number psychological barrier above today's record close
- 26,800 - estimated upper measured-move target if breakout continues
- 27,000 - major round number / multi-week extension target

Support:
- 26,000 - prior breakout zone, must hold to keep trend intact
- 25,800 - 5-day VWAP / Thursday's low region
- 25,500 - 20-day EMA cluster, deeper pullback support
- 25,114 - 1 May closing record, the structural pivot for the entire run

Bias: As long as the Composite holds above 26,000 the bullish thesis is intact. Failure of 25,800 on a closing basis would suggest a near-term top.

NASDAQ COMPONENT SIGNALS - ALL 40

Mega-cap Tech (avg +0.41%, 4/6 Bull-all):
AAPL 293.26 +2.03% Bull(all) RSI 73.0 OB MACD Bull -0.5% from 52wH Above POC
MSFT 415.06 -1.39% Bull(>20/50) RSI 53.8 Neutral MACD Bear -25.3% from 52wH Above POC
NVDA 215.22 +1.76% Bull(all) RSI 65.9 Strong MACD Bull -1.2% from 52wH Above POC
AMZN 272.68 +0.56% Bull(all) RSI 75.2 OB MACD Bull -2.1% from 52wH Above POC
META 609.63 -1.16% Bear(all) RSI 42.2 Neutral MACD Bear -23.4% from 52wH Below POC
GOOGL 400.71 +0.68% Bull(all) RSI 84.1 OB MACD Bull -0.3% from 52wH Above POC

Semiconductors (avg +6.32%, 10/10 Bull-all - sector firing on all cylinders):
AVGO 430.00 +4.23% Bull(all) RSI 65.9 Strong MACD Bear -1.8% from 52wH Above POC
AMD 455.19 +11.44% Bull(all) RSI 80.8 OB MACD Bull -0.2% from 52wH Above POC
QCOM 219.09 +8.15% Bull(all) RSI 85.8 OB MACD Bull -3.9% from 52wH Above POC
TXN 287.80 +0.90% Bull(all) RSI 76.1 OB MACD Bull -1.7% from 52wH Above POC
MU 746.79 +15.52% Bull(all) RSI 83.7 OB MACD Bull -0.1% from 52wH Above POC
AMAT 435.36 +6.05% Bull(all) RSI 64.5 Strong MACD Bull -0.6% from 52wH Above POC
LRCX 294.05 +2.67% Bull(all) RSI 65.9 Strong MACD Bull -1.3% from 52wH Above POC
KLAC 1869.19 +6.01% Bull(all) RSI 61.3 Strong MACD Bear -3.6% from 52wH Above POC
ADI 416.52 +1.96% Bull(all) RSI 70.4 OB MACD Bull -0.5% from 52wH Above POC
MRVL 170.13 +6.32% Bull(all) RSI 69.0 Strong MACD Bear -3.2% from 52wH Above POC

Software/Cloud (avg +1.28%, 5/9 Bull-all - mixed leadership):
ADBE 253.04 -1.35% Mixed RSI 53.7 Neutral MACD Bull -40.2% from 52wH Above POC
INTU 396.31 -2.57% Bear(all) RSI 48.0 Neutral MACD Bull -51.3% from 52wH Below POC
SNPS 516.48 +2.23% Bull(all) RSI 71.5 OB MACD Bull -20.8% from 52wH Above POC
CDNS 362.70 +1.63% Bull(all) RSI 72.5 OB MACD Bull -3.7% from 52wH Above POC
PANW 207.88 +5.78% Bull(all) RSI 76.1 OB MACD Bull -7.0% from 52wH Above POC
CRWD 527.77 +4.36% Bull(all) RSI 74.2 OB MACD Bull -6.9% from 52wH Above POC
FTNT 114.07 +5.65% Bull(all) RSI 84.4 OB MACD Bull -0.5% from 52wH Above POC
WDAY 127.83 -2.33% Mixed RSI 51.7 Neutral MACD Bull -53.7% from 52wH Below POC
PYPL 45.37 -1.84% Bear(all) RSI 37.8 Weak MACD Bear -42.9% from 52wH Below POC

Consumer/Internet (avg -1.99%, only 3/9 Bull-all - sector laggard):
TSLA 428.35 +4.02% Bull(all) RSI 69.9 Strong MACD Bull -14.1% from 52wH Above POC
COST 1008.79 -0.32% Bull(all) RSI 52.7 Neutral MACD Bull -5.5% from 52wH Above POC
NFLX 87.48 -0.89% Bear(all) RSI 33.9 Weak MACD Bear -34.8% from 52wH Below POC
BKNG 165.99 -3.09% Bear(all) RSI 41.0 Neutral MACD Bear -28.9% from 52wH Below POC
MELI 1632.52 -12.70% Bear(all) RSI 35.5 Weak MACD Bear -38.3% from 52wH Below POC
MAR 353.18 +0.38% Mixed RSI 49.6 Neutral MACD Bear -7.1% from 52wH Above POC
ABNB 141.49 +0.73% Bull(all) RSI 59.3 Neutral MACD Bear -3.9% from 52wH Above POC
DASH 163.93 -4.33% Bear(all) RSI 44.4 Neutral MACD Bear -42.6% from 52wH Below POC
ORLY 92.96 -1.71% Bear(all) RSI 48.1 Neutral MACD Bear -14.5% from 52wH Above POC

Comms/Telecom (avg +2.25%):
CSCO 96.57 +4.79% Bull(all) RSI 72.5 OB MACD Bull -0.5% from 52wH Above POC
TMUS 193.63 -0.29% Bear(all) RSI 46.2 Neutral MACD Bull -26.0% from 52wH Below POC

Healthcare/Biotech (avg +0.03%):
ISRG 450.06 -0.76% Bear(all) RSI 41.8 Neutral MACD Bear -25.5% from 52wH Below POC
REGN 714.89 +0.82% Bear(all) RSI 43.9 Neutral MACD Bear -12.9% from 52wH Below POC

Industrial/Other (avg -1.30%):
LIN 493.16 -0.14% Bear(<20/50) RSI 45.5 Neutral MACD Bear -5.4% from 52wH Below POC
CEG 303.63 -2.46% Mixed RSI 50.2 Neutral MACD Bull -26.4% from 52wH Above POC

TOP SWING TRADE SETUPS

1. AMAT - Equipment Breakout Continuation (preferred swing)
Close 435.36 (+6.05%) on 1.7x volume, breaking above 6-week consolidation. RSI 64.5 still has runway, MACD bullish, all EMAs aligned, sitting only -0.6% from 52w high. Confluence: above POC 318.40, above Cam R4. ATR 22.43.
Entry: 432-436 (pullback to break) · Stop: 410 (below CamS3 cluster) · T1: 460 · T2: 480 · R:R: 1:1.0 to T1, 1:1.8 to T2

2. CSCO - Stealth Breakout to All-Time High
Close 96.57 (+4.79%), -0.5% from 52w high 97.02, RSI 72.5, MACD bullish, all EMAs stacked. Long-base breakout playing out cleanly. ATR 2.32.
Entry: 96.20-96.80 · Stop: 93.00 (below 9-EMA / Cam S3 zone) · T1: 100.00 (round) · T2: 104.00 · R:R: 1:1.1 to T1, 1:2.4 to T2

3. NVDA - Mega-cap Trend Continuation
Close 215.22 (+1.76%), -1.2% from 52w high. RSI 65.9 (NOT yet overbought), MACD bull cross intact, lowest "froth" of the chip leaders. The cleanest swing in the group. ATR 6.63.
Entry: 213-216 · Stop: 207 (below classic S2) · T1: 222 (R3) · T2: 230 · R:R: 1:1.1 to T1, 1:2.0 to T2

4. LRCX - Confirmed Trend, Best R:R in Semis
Close 294.05 (+2.67%), all EMAs aligned, RSI 65.9 not yet stretched. Cleaner entry than the parabolic MU/AMD names. ATR 14.50.
Entry: 292-295 · Stop: 275 (below classic S2) · T1: 315 · T2: 330 · R:R: 1:1.2 to T1, 1:1.9 to T2

5. TSLA - Bull Reactivation Above All EMAs
Close 428.35 (+4.02%), all 3 EMAs above and rising, MACD bullish, RSI 69.9 just below OB. Fresh momentum after consolidation. -14.1% from 52wH gives clear runway. ATR 17.20.
Entry: 425-432 · Stop: 405 (below 20-EMA) · T1: 460 · T2: 480 · R:R: 1:1.3 to T1, 1:2.2 to T2

INTRADAY SETUPS (Pivot / Camarilla)

Cam Breakout Long - NVDA
Close 215.22 sits between Cam R1 215.67 and Cam R3 216.57, just under classic Pivot 215.30. Above 215.70 targets Cam R4 217.92 / classic R3 222.63.
Entry: above 215.70 · Stop: 213.85 (Cam S3) · Target: 217.92 then 220.21

Cam Range / Pivot Bounce Long - AAPL
Close 293.26 right at Cam R1 293.70 / classic Pivot 292.67. As long as Cam S3 291.95 holds, longs to Cam R4 295.88 / classic R1 295.35.
Entry: 292.50-293.20 (pullback) · Stop: 291.50 · Target: 295.35 then 297.43

Cam Range Short - MELI (caution: heavy gap-down day)
Capitulated -12.70% on 4.86x RVOL. Range trade only - no aggressive shorts. If price holds above Cam S1 1625.08 it can mean-revert toward Cam R3 1654.85 / Pivot 1653.24. Below 1610 (Cam S3) opens 1572-1521 air pocket.
Entry (counter-trend long): 1620-1625 with stop 1605 · Target: 1650-1675

Cam Trend-Day Breakout Watch - AMD
Close 455.19 already through Cam R3 465.64? - no, sitting at Cam S1 451.71/ Cam R1 458.67. Squeeze between R1 458.67 and R4 476.09 means clear intraday levels.
Entry: above 459 with confirmation · Stop: 451 · Target: 468.22 (classic R1) then 476.09 (Cam R4)

Cam Bounce Long - AMAT
Close 435.36 between Cam R1 437.15 and Cam R3 439.65. Pullback to Cam Pivot 432.20 region offers cleaner entry.
Entry: 432-434 · Stop: 426 · Target: 442 then 450

KEY LEVELS DASHBOARD - TOP 5 TRADEABLES

MU - 746.79 (+15.52%) - High 747.21 / Low 676.21
Cam: S4 707.74 · S3 727.27 · S1 740.28 || R1 753.30 · R3 766.32 · R4 785.84
Cls: S3 628.60 · S2 652.40 · S1 699.60 | Pivot 723.40 | R1 770.60 · R2 794.40 · R3 841.60
EMA: 20 547.04 · 50 472.52 · 200 325.80 · POC 444.64
52w: H 747.21 · L 83.36 · ATR 39.31 · RVol 1.49

AMD - 455.19 (+11.44%) - High 456.29 / Low 418.29
Cam: S4 434.29 · S3 444.74 · S1 451.71 || R1 458.67 · R3 465.64 · R4 476.09
Cls: S3 392.22 · S2 405.26 · S1 430.22 | Pivot 443.26 | R1 468.22 · R2 481.26 · R3 506.22
EMA: 20 337.09 · 50 281.83 · 200 220.62 · POC 257.94
52w: H 456.29 · L 101.56 · ATR 22.59 · RVol 1.22

NVDA - 215.22 (+1.76%) - High 217.80 / Low 212.89
Cam: S4 212.52 · S3 213.87 · S1 214.77 || R1 215.67 · R3 216.57 · R4 217.92
Cls: S3 207.90 · S2 210.39 · S1 212.81 | Pivot 215.30 | R1 217.72 · R2 220.21 · R3 222.63
EMA: 20 201.58 · 50 193.63 · 200 179.44 · POC 187.81
52w: H 217.80 · L 115.21 · ATR 6.63 · RVol 0.88

AAPL - 293.26 (+2.03%) - High 294.76 / Low 290.00
Cam: S4 290.64 · S3 291.95 · S1 292.82 || R1 293.70 · R3 294.57 · R4 295.88
Cls: S3 285.83 · S2 287.91 · S1 290.59 | Pivot 292.67 | R1 295.35 · R2 297.43 · R3 300.11
EMA: 20 274.93 · 50 267.68 · 200 255.62 · POC 263.77
52w: H 294.76 · L 193.46 · ATR 6.70 · RVol 1.04

MELI - 1632.52 (-12.70%) - High 1704.19 / Low 1623.00
Cam: S4 1587.87 · S3 1610.19 · S1 1625.08 || R1 1639.96 · R3 1654.85 · R4 1677.17
Cls: S3 1521.09 · S2 1572.05 · S1 1602.28 | Pivot 1653.24 | R1 1683.47 · R2 1734.43 · R3 1764.66
EMA: 20 1798.14 · 50 1814.14 · 200 1989.49 · POC 1767.75
52w: H 2645.22 · L 1593.21 · ATR 69.46 · RVol 4.86

BEARISH WARNINGS

The consumer/internet sub-sector is the clear sector laggard (avg -1.99% on a +1.71% Composite day) - active sector rotation OUT of these names is the major signal of the week.

MELI - 1632.52 (-12.70%): Capitulation move on 4.86x RVOL. Now -38.3% from 52w high and only +2.5% above 52w low. Below all 3 EMAs, MACD bear, RSI 35.5. Only a defined recovery / reversal pattern justifies a long. Avoid bottom-fishing without structure.

DASH - 163.93 (-4.33%): Bear-all EMA stack, MACD bear, 42.6% from 52w high. No bottom in sight.

BKNG - 165.99 (-3.09%): Closed at Cam S3, -28.9% from 52w high, MACD bear and accelerating. Looks broken.

META - 609.63 (-1.16%): Below all 3 EMAs (death cross structure), -23.4% from 52w high, MACD bear. Weak relative to the other mega-caps - underperforming GOOGL/AMZN/AAPL by a wide margin.

NFLX - 87.48 (-0.89%): RSI 33.9 (weakest in the index), -34.8% from 52w high, all EMAs broken.

INTU - 396.31 (-2.57%): -51.3% from 52w high, fully broken structure. Only MACD-bull keeps it from looking outright dead.

Overbought caution: 14 of 40 stocks now have RSI ≥ 70. Concentrated in semis and software. While momentum can persist, fresh longs at these levels carry asymmetric pullback risk - prefer pullback-buy entries to chasing.

EVENTS CALENDAR (Next 1-2 Sessions)

Macro: April Non-Farm Payrolls already delivered (+115K, U-rate 4.3%) - the major macro release for this week. Next major prints: April CPI (mid-May, watch the BLS schedule), April Retail Sales, and any Fed speakers ahead of the next FOMC. The Fed is widely expected to hold rates per the post-jobs reaction.

Earnings (NAS100 names to watch over the coming sessions): AMAT, MU and AMD have all just delivered the post-earnings moves embedded in today's data. Watch for upcoming results from AVGO, ISRG, COST and software names INTU, ADBE which have not yet reported their latest quarter according to the price action signature.

Geopolitical: Middle East flare-ups remain a tail risk; energy and defence names have absorbed most of the volatility so far.

Report: 2026-05-08 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

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remo
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5 days 16 hours ago #18545 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 Daily Technical Analysis - Thu 7 May 2026
Data: Close 2026-05-07 · NAS100: ~28,720 (est) · Change: +128 (+0.45%) est · Breadth: 22 up / 16 down / 2 flat (avg +0.77%)
Cross-check: Nasdaq Composite -0.13% to 25,806.20 · S&P 500 -0.38% · Dow -0.63% · Russell 2000 -1.74% · VIX ~17.3

MARKET OVERVIEW

After yesterday's +2.06% AMD-led rip to a fresh swing high at 28,592.17, NAS100 traded a clear rotation day. Index-level move was modestly positive (constituent-weighted estimate ~+0.45%), with the broader Nasdaq Composite slipping -0.13% to 25,806.20. Beneath the headline, the rotation was sharp and one-directional: out of semiconductors, into cybersecurity / software / consumer-internet earnings winners.

Today's leadership flip:
- FTNT +19.97% (Q1 earnings beat - cybersecurity), CRWD +8.05%, PANW +7.05% - cybersecurity complex went vertical
- WDAY +6.73%, INTU +4.69%, ADBE +2.53% - software bid back hard after yesterday's selling
- QCOM +5.14%, TSLA +3.33% - select large-cap winners
- DASH +2.01% post Q1 earnings beat (online food delivery)

Today's losers - semis took the breather:
- MRVL -7.05% - heaviest single-name selloff
- AMAT -4.22%, LRCX -3.62%, AMD -3.09%, MU -3.05%, AVGO -3.03%, KLAC -2.92% - chip equipment / leaders gave back 3-4%
- CEG -3.56%, MAR -2.01%, LIN -1.60% - rotational losers

Mega-cap tape: NVDA +1.85% held up well versus the rest of the chip complex (recall it ran +5.68% yesterday). MSFT +1.70% - back testing E20 from below. TSLA +3.33% - constructive close above E50. AAPL flat at the 52w-high band 287.42 (tagged 292.13 prior). AMZN -1.38% - first meaningful pullback after RSI hit 81 yesterday.

Bias: Bullish structurally - 25/40 stocks in full bullish EMA stack, 33/40 above 60-day POC, 27/40 above E200. Daily breadth flipped positive (22 up vs 16 down). But - 10 stocks at RSI >= 70, semis selling on volume after a parabolic run, and the move is rotational, not impulsive. Caution: this looks like a healthy digestion day, not a reversal - but a fail of 28,500 cleanly opens the door to 28,015.

TREND ANALYSIS - INDEX

EMA Stack (NAS100): Index trades comfortably above 20/50/200 daily EMAs. Daily MACD positive and expanding into yesterday; today's intraday rotation likely flattened the histogram but kept it above the zero line.
Structure: Higher-highs / higher-lows intact. Yesterday printed 28,592.17 swing high. Today's rotation produced an inside / narrow range relative to yesterday's range - first sign of consolidation after a parabolic move.
Phase: Trending bull, transitioning to short-term consolidation. The cybersecurity / software bid is a healthy rotation, not distribution. Watch for a 1-3 day chop / pullback before the next leg.

INDICATOR SIGNALS - INDEX

RSI(14): Index RSI in low-70s zone - momentum still strong but extended. 10 of 40 components have RSI >= 70: GOOGL 83.5, QCOM 82.6, FTNT 81.7, MU 77.4, AMD 76.1, TXN 75.2, AMZN 74.3, PANW 70.7, CDNS 70.6, CRWD 70.4. Zero components oversold. The index has no compression / coiling - all the stretch is on the upside.
MACD: 25 of 40 components show bullish posture (line > signal). Daily index MACD positive, histogram likely flattening today after the consolidation move.
Volume: FTNT relative volume 5.2x (earnings event), CRWD 1.8x, PANW 1.5x. Semiconductor sellers ran lighter relative volume - LRCX 0.92x, AMAT 0.94x - which suggests profit-taking, not panic. AMD rv ~ recent average. Today's tape favours rotational interpretation.

KEY NAS100 INDEX LEVELS

Resistance (above):
- R1: 28,800 - psychological round number, capped intraday
- R2: 29,000 - major round number / measured move target
- R3: 29,500 - prior trend-line projection

Support (below):
- S1: 28,592 - yesterday's high - first reference, must hold for bull continuation
- S2: 28,015 - last week's close - structural support
- S3: 27,726 - 5-day moving average / breakdown trigger

Pivot Points (Classic estimate): Pivot ~28,650 · S1 28,400 · S2 28,150 · R1 28,900 · R2 29,150

Major support floor: 27,200 (50-day) / 26,000 (high-volume node from late-2025 base). Loss of 27,200 would shift structure to mean-revert.

NASDAQ 40 COMPONENT SIGNALS

Format: Ticker · Close · Daily% · Trend · RSI · MACD · vs 52w-Hi · vs POC
AAPL 287.42 · -0.01% · Bull · RSI 69.3 (Strong) · MACD Bull+ · -1.6% from 52w-Hi · POC +9.1%
MSFT 420.92 · +1.70% · Bull* · RSI 57.9 (Bull) · MACD Bear X · -24.2% from 52w-Hi · POC +5.8%
NVDA 211.50 · +1.85% · Bull · RSI 63.4 (Strong) · MACD Bear X · -2.5% from 52w-Hi · POC +12.8%
AMZN 271.17 · -1.38% · Bull · RSI 74.3 (OB) · MACD Bull+ · -2.7% from 52w-Hi · POC +20.1%
META 616.81 · +0.64% · Bear · RSI 44.3 (Bear) · MACD Bear- · -22.5% from 52w-Hi · POC -0.8%
GOOGL 397.99 · +0.04% · Bull · RSI 83.5 (OB) · MACD Bull+ · -0.5% from 52w-Hi · POC +25.0%
TSLA 411.81 · +3.33% · Bull · RSI 64.6 (Strong) · MACD Bull+ · -17.4% from 52w-Hi · POC +6.5%
AVGO 412.56 · -3.03% · Bull · RSI 60.0 (Strong) · MACD Bear X · -5.7% from 52w-Hi · POC +18.6%
AMD 408.46 · -3.09% · Bull · RSI 76.1 (OB) · MACD Bull+ · -5.1% from 52w-Hi · POC +61.6%
QCOM 202.57 · +5.14% · Bull · RSI 82.6 (OB) · MACD Bull+ · -9.4% from 52w-Hi · POC +36.0%
TXN 285.24 · -1.45% · Bull · RSI 75.2 (OB) · MACD Bull+ · -2.5% from 52w-Hi · POC +26.5%
MU 646.47 · -3.05% · Bull · RSI 77.4 (OB) · MACD Bull+ · -5.4% from 52w-Hi · POC +48.0%
LRCX 286.41 · -3.62% · Bull · RSI 63.4 (Strong) · MACD Bull+ · -3.9% from 52w-Hi · POC +19.9%
KLAC 1763.25 · -2.92% · Bull · RSI 53.7 (Bull) · MACD Bear X · -9.1% from 52w-Hi · POC +11.1%
AMAT 410.52 · -4.22% · Bull · RSI 57.8 (Bull) · MACD Bull+ · -5.2% from 52w-Hi · POC +11.4%
ADI 408.52 · -1.72% · Bull · RSI 67.9 (Strong) · MACD Bull+ · -1.8% from 52w-Hi · POC +18.2%
MRVL 160.02 · -7.05% · Bull · RSI 63.7 (Strong) · MACD Bear X · -9.0% from 52w-Hi · POC +39.0%
PANW 196.53 · +7.05% · Bull · RSI 70.7 (OB) · MACD Bull+ · -12.1% from 52w-Hi · POC +21.5%
CRWD 505.74 · +8.05% · Bull · RSI 70.4 (OB) · MACD Bull+ · -10.8% from 52w-Hi · POC +23.9%
FTNT 107.97 · +19.97% · Bull · RSI 81.7 (OB) · MACD Bull+ · -3.9% from 52w-Hi · POC +29.7%
SNPS 505.19 · +0.15% · Bull · RSI 68.5 (Strong) · MACD Bull+ · -22.5% from 52w-Hi · POC +16.0%
CDNS 356.90 · +0.56% · Bull · RSI 70.6 (OB) · MACD Bull+ · -5.2% from 52w-Hi · POC +18.2%
ADBE 256.51 · +2.53% · Bull* · RSI 56.6 (Bull) · MACD Bull+ · -39.4% from 52w-Hi · POC +1.9%
INTU 406.78 · +4.69% · Mixed · RSI 51.8 (Bull) · MACD Bull X · -50.0% from 52w-Hi · POC -0.4%
WDAY 130.88 · +6.73% · Mixed · RSI 55.1 (Bull) · MACD Bull X · -52.6% from 52w-Hi · POC +0.1%
PYPL 46.22 · -0.09% · Bear · RSI 40.7 (Bear) · MACD Bear X · -41.9% from 52w-Hi · POC +1.5%
MELI 1870.01 · +1.57% · Bull* · RSI 58.1 (Bull) · MACD Bull+ · -29.3% from 52w-Hi · POC +5.0%
CSCO 92.16 · +0.58% · Bull · RSI 65.0 (Strong) · MACD Bull+ · -2.7% from 52w-Hi · POC +13.5%
BKNG 171.28 · +1.76% · Bear · RSI 46.1 (Bear) · MACD Bear- · -26.7% from 52w-Hi · POC +0.3%
MAR 351.85 · -2.01% · Mixed · RSI 48.7 (Bear) · MACD Bear X · -7.4% from 52w-Hi · POC +2.3%
ABNB 140.46 · +0.41% · Bull · RSI 57.3 (Bull) · MACD Bear X · -4.6% from 52w-Hi · POC +7.1%
DASH 171.35 · +2.01% · Mixed · RSI 51.1 (Bull) · MACD Bear X · -40.0% from 52w-Hi · POC +1.8%
COST 1012.06 · +1.64% · Bull · RSI 54.2 (Bull) · MACD Bull+ · -5.2% from 52w-Hi · POC +1.5%
NFLX 88.26 · -0.01% · Bear · RSI 35.3 (Weak) · MACD Bear- · -34.2% from 52w-Hi · POC -4.7%
ORLY 94.58 · -0.21% · Bull · RSI 52.8 (Bull) · MACD Bull+ · -13.0% from 52w-Hi · POC +1.8%
REGN 709.10 · -1.66% · Bear · RSI 41.7 (Bear) · MACD Bear- · -13.6% from 52w-Hi · POC -5.9%
ISRG 453.49 · +0.39% · Bear · RSI 43.6 (Bear) · MACD Bear- · -24.9% from 52w-Hi · POC -4.4%
LIN 493.85 · -1.60% · Mixed · RSI 46.0 (Bear) · MACD Bear X · -5.3% from 52w-Hi · POC -0.0%
TMUS 194.20 · +0.54% · Bear · RSI 46.9 (Bear) · MACD Bull X · -25.8% from 52w-Hi · POC -5.6%
CEG 311.28 · -3.56% · Bull · RSI 54.1 (Bull) · MACD Bull+ · -24.6% from 52w-Hi · POC +3.7%

SECTOR-LEVEL READ

Mega-cap Tech - LEADING · Avg +0.72% · 5/6 bullish
Movers: TSLA +3.33%, NVDA +1.85%, MSFT +1.70%, META +0.64%, AAPL flat, GOOGL flat, AMZN -1.38%

Semiconductors - LAGGING · Avg -2.11% · 11/11 bullish stack still intact
Movers: QCOM +5.14% (sole gainer); MRVL -7.05%, AMAT -4.22%, LRCX -3.62%, AMD -3.09%, MU -3.05%, AVGO -3.03%, KLAC -2.92%

Software/Cloud - LEADING · Avg +4.71% · 8/11 bullish
Movers: FTNT +19.97% (earnings), CRWD +8.05%, PANW +7.05%, WDAY +6.73%, INTU +4.69%, ADBE +2.53%; PYPL flat

Consumer/Internet - MIXED · Avg +0.51% · 3/7 bullish
Movers: DASH +2.01% (earnings), BKNG +1.76%, COST +1.64%; MAR -2.01%, ORLY -0.21%, NFLX flat

Healthcare/Biotech - LAGGING · Avg -0.96% · 0/3 bullish stack
Movers: ISRG +0.39%; LIN -1.60%, REGN -1.66%

Comms/Other - LAGGING · Avg -1.51% · 1/2 bullish
Movers: TMUS +0.54%; CEG -3.56% (utility/AI play taking profit)

TOP SWING TRADE SETUPS

Setup 1: FTNT - Earnings Breakout, Volume Confirmation
FTNT exploded +19.97% to 107.97 on Q1 earnings beat (rv 2.94x). All EMAs bullishly stacked (E20 87.37, E50 84.27, E200 84.44). MACD 3.51 > signal 1.72, fresh impulsive move. RSI 81.7 - extended but momentum-led. -3.9% from 52w-high 112.39.
Entry: Pullback to 100-104 band (E20 87.37) · Stop: 96.45 (~10% / 1.5 ATR below entry) · T1: 112.40 (52w high) · T2: 118.10 · R:R: 1:1.5
Why: Above 60-day POC (83.26) by 29.7%, fresh leadership signal, earnings catalyst. ATR 4.24 - sizing must respect the wider stop. Do not chase >110 - wait for the gap-fill or volume contraction.

Setup 2: CRWD - Software Group Rotation Leader
CRWD close 505.74 (+8.05%), all EMAs stacked (E20 450.10, E50 434.55, E200 440.97). MACD 18.13 > 13.38. RSI 70.4 - just into OB but room for momentum trade. -10.8% from 52w-high 566.9.
Entry: 505.74 pullback to 450.10-434.55 · Stop: 470 (E50 zone) · T1: 540 · T2: 567 (52w high) · R:R: 1:1.7
Why: Cybersecurity sub-group leadership (FTNT confirms), POC 408.02 (23.9% below), 60-day base broken. RSI 70 = momentum zone, not exhaustion.

Setup 3: TSLA - Mega-cap Reclaim, Cleaner R:R
TSLA close 411.81 (+3.33%), reclaiming above all 3 EMAs (E20 385.22, E50 387.85, E200 390.11). MACD just turned bullish (5.17 > 1.56). RSI 64.6 - room to run. -17.4% from 52w-high 498.83.
Entry: 411.81-405 · Stop: 388 (E50) · T1: 425 · T2: 450 · R:R: 1:1.6
Why: POC 386.75 support, ATR 14.64 reasonable, well off 52w-high so plenty of upside before chase. Avoid if 388 breaks.

Setup 4: NVDA - Trend Holds Through Semi Selloff
NVDA close 211.5 (+1.85%) - the only mega-cap chip name positive while peers sold off 3-4%. Strong relative strength. All EMAs stacked. RSI 63.4 - cleaner entry than AMD/MU. -2.5% from 52w-high 216.83.
Entry: 211.50-200.15 (E20 zone) · Stop: 192.75 (E50) · T1: 216.83 · T2: 225.00 · R:R: 1:1.4
Why: Relative strength signal vs sector. POC 187.50 (12.8% support). RSI room. If semis recover, NVDA leads the rebound.

Setup 5: AAPL - 52-week High Hold
AAPL close 287.42 (flat), holding within -1.6% of 52w-high 292.13. MACD bullish (6.50 > 4.81), all EMAs stacked. RSI 69.3 - just under OB. ATR 6.65 = tight risk.
Entry: Break and hold above 292.13 · Stop: 274 (2 ATR / E20) · T1: 298 · T2: 310 · R:R: 1:1.5
Why: Clean trend, POC 263.48 (9.1% support), no overhead supply once 292 clears. Failure to hold 292.13 = false breakout, abort.

INTRADAY SETUPS - PIVOT & CAMARILLA

Intraday: FTNT - Cam R3 Trend-Day Continuation Long
Close 107.97, Cam R3 110.14, R4 112.3. After +20% earnings move, watch for break/hold above Cam R3 = trend day continuation; failure at R3 = mean-revert to R1 108.69.
Long: Above 110.14 · Stop: 108.69 · Target: 112.3 then 119.95

Intraday: NVDA - Pivot Bounce Long
Close 211.5, daily Pivot 210.73, S1 207.27, R1 214.97.
Long bias: Buy 210.73-207.27 bounce · Stop: 203.03 · T1: 214.97 · T2: 218.43

Intraday: MRVL - Cam S4 Breakdown Continuation Short
Close 160.02 (-7.05%). Cam S3 156.45, S4 152.89. Dropped from 172 yesterday on heavy volume.
Short: Break of 152.89 · Stop: 156.45 · Target: 150.39 then 142.24
Why: After the AMD-led rip, MRVL was the heaviest profit-take. RSI 63.7 still elevated - more downside possible to E50 126.80.

Intraday: META - Cam Range / Mean-Revert Short into R3
Close 616.81 (+0.64%) but fully bear stack (E20 633.24 > E50 634.00 > E200 649.63 > close). MACD bearish. Cam S3 613.66, R3 619.96.
Short bias: Sell rallies into 619.96-623.1 · Stop: 623.1+0.5 · Target: 618.44 then 613.66
Why: Structural downtrend, RSI 44.3 (Bear), every rally is sold. -22.5% off 52w-high.

Intraday: AMD - Range Trade Cam S3/R3 (Post-Profit-Take)
Close 408.46 (-3.09%) after yesterday's +18.64% rip. RSI 76.1 - still OB, expect digestion. Cam S3 402.79, R3 414.13, Pivot 410.42.
Range trade: Long Cam S3 (402.79), short Cam R3 (414.13), exit at Pivot (410.42). Avoid if breaks Cam S4 (397.11).

KEY LEVELS DASHBOARD - TOP 5 TRADEABLE

FTNT Close 107.97 · Range 104.51-112.39 · Daily +19.97% · RSI 81.7
Cam: S4 103.64 · S3 105.80 · S2 106.53 · S1 107.25 || R1 108.69 · R2 109.41 · R3 110.14 · R4 112.30
Classic: S3 96.31 · S2 100.41 · S1 104.19 || Pivot 108.29 || R1 112.07 · R2 116.17 · R3 119.95
EMA: E20 87.37 · E50 84.27 · E200 84.44 · POC: 83.26 · 52w: 70.12 - 112.39 · ATR: 4.24

CRWD Close 505.74 · Range 486.09-506.79 · Daily +8.05% · RSI 70.4
Cam: S4 494.36 · S3 500.05 · S2 501.95 · S1 503.84 || R1 507.64 · R2 509.54 · R3 511.43 · R4 517.13
Classic: S3 471.59 · S2 478.84 · S1 492.29 || Pivot 499.54 || R1 512.99 · R2 520.24 · R3 533.69
EMA: E20 450.10 · E50 434.55 · E200 440.97 · POC: 408.02 · 52w: 342.72 - 566.90 · ATR: 19.65

NVDA Close 211.50 · Range 206.50-214.20 · Daily +1.85% · RSI 63.4
Cam: S4 207.27 · S3 209.38 · S2 210.09 · S1 210.79 || R1 212.21 · R2 212.91 · R3 213.62 · R4 215.74
Classic: S3 199.57 · S2 203.03 · S1 207.27 || Pivot 210.73 || R1 214.97 · R2 218.43 · R3 222.67
EMA: E20 200.15 · E50 192.75 · E200 179.08 · POC: 187.50 · 52w: 112.28 - 216.83 · ATR: 6.66

TSLA Close 411.81 · Range 402.12-415.83 · Daily +3.33% · RSI 64.6
Cam: S4 404.27 · S3 408.04 · S2 409.30 · S1 410.55 || R1 413.07 · R2 414.32 · R3 415.58 · R4 419.35
Classic: S3 390.30 · S2 396.21 · S1 404.01 || Pivot 409.92 || R1 417.72 · R2 423.63 · R3 431.43
EMA: E20 385.22 · E50 387.85 · E200 390.11 · POC: 386.75 · 52w: 271.00 - 498.83 · ATR: 14.64

MRVL Close 160.02 · Range 158.55-171.52 · Daily -7.05% · RSI 63.7
Cam: S4 152.89 · S3 156.45 · S2 157.64 · S1 158.83 || R1 161.21 · R2 162.40 · R3 163.59 · R4 167.15
Classic: S3 142.24 · S2 150.39 · S1 155.21 || Pivot 163.36 || R1 168.18 · R2 176.33 · R3 181.15
EMA: E20 150.76 · E50 126.80 · E200 96.70 · POC: 115.13 · 52w: 53.78 - 175.80 · ATR: 8.32

BEARISH WARNINGS

BEARISH MRVL Close 160.02 (-7.05%) · Heaviest single-name selloff (-7.05%); semi profit-take leader
BEARISH AMAT Close 410.52 (-4.22%) · Chip equipment selloff -4.22%; bullish stack but lower-volume distribution
BEARISH LRCX Close 286.41 (-3.62%) · Chip equipment -3.62%; RSI cooling from 70
BEARISH AMD Close 408.46 (-3.09%) · -3.09% after +18.64% rip yesterday; RSI 76 still OB
BEARISH MU Close 646.47 (-3.05%) · -3.05%; -5.4% from 52w-high; semi profit-take
BEARISH AVGO Close 412.56 (-3.03%) · -3.03%; MACD bear cross developing
BEARISH KLAC Close 1763.25 (-2.92%) · -2.92%; MACD bear cross
BEARISH CEG Close 311.28 (-3.56%) · -3.56%; nuclear/AI utility profit-take
BEARISH NFLX Close 88.26 (-0.01%) · Bear stack, RSI 35.3 (Weak), -34.2% off 52w-Hi - structural downtrend
BEARISH PYPL Close 46.22 (-0.09%) · Bear stack, RSI 40.7, -41.9% off 52w-Hi
BEARISH META Close 616.81 (+0.64%) · Bear stack, RSI 44.3, MACD bearish, -22.5% off 52w-Hi
BEARISH REGN Close 709.10 (-1.66%) · Bear stack, MACD bear, RSI 41.7
BEARISH ISRG Close 453.49 (+0.39%) · Bear stack, MACD bear, RSI 43.6
BEARISH TMUS Close 194.20 (+0.54%) · Bear stack, -25.8% off 52w-Hi
BEARISH BKNG Close 171.28 (+1.76%) · Bear stack, RSI 46.1, MACD bear, -26.7% off 52w-Hi

OVERBOUGHT / EXTENDED WARNINGS

EXTENDED GOOGL Close 397.99 · RSI 83.5 · -0.5% from 52w-Hi · Wait for pullback, do not chase
EXTENDED QCOM Close 202.57 · RSI 82.6 · -9.4% from 52w-Hi · Wait for pullback, do not chase
EXTENDED FTNT Close 107.97 · RSI 81.7 · -3.9% from 52w-Hi · Wait for pullback, do not chase
EXTENDED MU Close 646.47 · RSI 77.4 · -5.4% from 52w-Hi · Wait for pullback, do not chase
EXTENDED AMD Close 408.46 · RSI 76.1 · -5.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED TXN Close 285.24 · RSI 75.2 · -2.5% from 52w-Hi · Wait for pullback, do not chase
EXTENDED AMZN Close 271.17 · RSI 74.3 · -2.7% from 52w-Hi · Wait for pullback, do not chase
EXTENDED PANW Close 196.53 · RSI 70.7 · -12.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED CDNS Close 356.90 · RSI 70.6 · -5.2% from 52w-Hi · Wait for pullback, do not chase
EXTENDED CRWD Close 505.74 · RSI 70.4 · -10.8% from 52w-Hi · Wait for pullback, do not chase

EVENTS CALENDAR (NEXT 5 DAYS)

Macro (US):
- Fri 8 May: Consumer Sentiment / Inflation Expectations (prelim) - 2nd-tier risk
- Mon 11 May: NY Fed inflation expectations
- Tue 12 May: Treasury budget statement
- Wed 13 May: CPI (April release) - primary risk event for tech multiples
- Watch FOMC speakers throughout the week post-recent meeting

Tech Earnings flow (NDX names reporting):
- Q1 2026 reporting season is nearing completion - watch for late reporters
- CEG, CSCO upcoming · monitor mega-cap guidance commentary

Sector flow watch:
- Semis: Did today's profit-take continue, or did dip-buyers step in? Watch SOX index posture.
- Cybersecurity: FTNT/CRWD/PANW all running together - rotational leadership signal
- Software: WDAY/INTU/ADBE bid back - confirms rotation, not dump
- VIX: 17.3 - low; complacency risk if it drops sub-15

Report: 2026-05-07 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

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remo
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6 days 16 hours ago #18542 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 Daily Technical Analysis - Wed 6 May 2026
Data: Close 2026-05-06 · NAS100: 28,592.17 · Change: +577.11 (+2.06%) · Breadth: 29 up / 11 down (avg +1.40%)

MARKET OVERVIEW

NAS100 ripped higher by +2.06% (+577.11 pts) to close at 28,592.17, driven by an explosive bid in semiconductors. AMD led the index with a +18.64% move to 421.47, dragging the entire chip complex vertically (LRCX +7.75%, NVDA +5.68%, KLAC +4.81%, AMAT +4.33%, MU strong).

Beneath the headline rip there is a clear rotation: software/cloud names took heavy outflow with WDAY -4.85%, INTU -2.45%, ADBE -2.13%, COST -2.03% all bleeding. Mega-cap is mixed - AAPL (+1.16%) printing a fresh 52-week high band, AMZN (+0.51%) and GOOGL stretched on RSI, while MSFT (+0.60%) and META (+1.31%) remain structurally beneath their 200-day EMAs.

Bias: Bullish short-term, with semiconductors clearly leading. Breadth is healthy - 28 of 40 stocks (% 70%) classified bullish on EMA stack, 29 of 40 (% 72%) above their 60-day POC. Caution flag: 9 stocks RSI>=70 - the move is hot, the next pullback is closer than the next leg up.

TREND ANALYSIS - INDEX

EMA Stack (NAS100): Index trades above 20-day, 50-day and 200-day moving averages. Daily MACD {167.85} positive, RSI elevated near overbought territory.
Structure: Higher-highs / higher-lows intact. Yesterday's close 28,015 was undercut intraday today to about 27,950 area before the AMD-led rip drove the index to a fresh swing high. This is the textbook continuation pattern - shake-out then breakout.
Phase: Trending bull continuation. No clear distribution signal yet.

INDICATOR SIGNALS - INDEX

RSI(14): Index RSI in the high-60s/low-70s zone - momentum strong but starting to look stretched. 9 of 40 component stocks have RSI >= 70 (AMZN 81.1, GOOGL 83.4, AMD 81.2, QCOM 80.1, TXN 79.7, MU 83.5, ADI 73.1, CDNS 70.0, MRVL 78.5). No oversold readings.
MACD: Daily MACD line above signal, histogram expanding - momentum confirming the move higher. 24 of 40 stocks show bullish MACD posture (line > signal).
Volume: AMD's relative volume 1.36x average, NVDA 1.20x, MRVL 1.55x - leaders are seeing real volume confirmation. Software laggards (WDAY 1.16x, INTU 0.82x) selling on lighter volume - that's typically rotation, not capitulation.

KEY NAS100 INDEX LEVELS

Resistance (above):
- R1: 28,800 - psychological round number, near intraday high
- R2: 29,000 - major round number / measured move target
- R3: 29,500 - prior trend-line projection

Support (below):
- S1: 28,015 - prior session close, first reference level
- S2: 27,726 - 5-day moving average
- S3: 27,207 - 50-day moving average / structural support

Pivot Points (Classic): Pivot ~28,500 · S1 28,150 · S2 27,800 · R1 28,850 · R2 29,200

Major support floor: 26,000 - high-volume node from late-2025 base. Loss of this would change the structure.

NASDAQ 40 COMPONENT SIGNALS

Format: Ticker · Close · Daily% · Trend · RSI · MACD · vs 52w-Hi · vs POC

AAPL 287.46 · +1.16% · Bull · RSI 69.4 (Strong) · MACD Bull+ · -0.4% from 52w-Hi · POC +9.2%
MSFT 413.87 · +0.60% · Bull · RSI 54.0 (Bull) · MACD Bear X · -25.5% from 52w-Hi · POC +4.0%
NVDA 207.67 · +5.68% · Bull · RSI 60.7 (Strong) · MACD Bear X · -4.2% from 52w-Hi · POC +11.0%
AMZN 274.95 · +0.51% · Bull · RSI 81.1 (OB) · MACD Bull+ · -1.3% from 52w-Hi · POC +22.3%
META 612.88 · +1.31% · Bear · RSI 42.8 (Bear) · MACD Bear- · -23.0% from 52w-Hi · POC -1.5%
GOOGL 397.82 · +2.42% · Bull · RSI 83.4 (OB) · MACD Bull+ · -0.5% from 52w-Hi · POC +25.4%
AVGO 425.44 · -0.45% · Bull · RSI 68.0 (Strong) · MACD Bear X · -2.8% from 52w-Hi · POC +22.7%
TSLA 398.53 · +2.35% · Bull · RSI 59.3 (Bull) · MACD Bull+ · -20.1% from 52w-Hi · POC +3.0%
COST 995.75 · -2.03% · Mixed · RSI 47.3 (Bear) · MACD Bear X · -6.7% from 52w-Hi · POC -0.1%
NFLX 88.27 · +0.43% · Bear · RSI 35.3 (Weak) · MACD Bear- · -34.2% from 52w-Hi · POC -4.6%
AMD 421.47 · +18.64% · Bull · RSI 81.2 (OB) · MACD Bull+ · -2.1% from 52w-Hi · POC +69.1%
ADBE 250.17 · -2.13% · Mixed · RSI 52.2 (Bull) · MACD Bull+ · -40.9% from 52w-Hi · POC -0.7%
QCOM 192.66 · +3.28% · Bull · RSI 80.1 (OB) · MACD Bull+ · -6.5% from 52w-Hi · POC +32.3%
TMUS 193.16 · -0.59% · Bear · RSI 45.5 (Bear) · MACD Bull X · -26.2% from 52w-Hi · POC -6.1%
LIN 501.87 · +0.32% · Bull · RSI 51.7 (Bull) · MACD Bear X · -3.7% from 52w-Hi · POC +1.7%
ISRG 451.73 · +0.08% · Bear · RSI 42.4 (Bear) · MACD Bear- · -25.2% from 52w-Hi · POC -4.9%
INTU 388.55 · -2.45% · Bear · RSI 44.8 (Bear) · MACD Bull X · -52.2% from 52w-Hi · POC -5.0%
CSCO 91.63 · -2.83% · Bull · RSI 63.9 (Strong) · MACD Bull+ · -3.3% from 52w-Hi · POC +12.9%
TXN 289.44 · +3.00% · Bull · RSI 79.7 (OB) · MACD Bull+ · -1.1% from 52w-Hi · POC +28.9%
AMAT 428.62 · +4.33% · Bull · RSI 66.3 (Strong) · MACD Bull+ · -1.0% from 52w-Hi · POC +16.7%
BKNG 168.32 · +0.41% · Bear · RSI 42.4 (Bear) · MACD Bear- · -27.9% from 52w-Hi · POC -1.5%
PANW 183.59 · -0.21% · Bull · RSI 61.6 (Strong) · MACD Bull+ · -17.9% from 52w-Hi · POC +13.7%
MU 666.80 · +4.15% · Bull · RSI 83.5 (OB) · MACD Bull+ · -0.1% from 52w-Hi · POC +54.3%
LRCX 297.17 · +7.75% · Bull · RSI 69.9 (Strong) · MACD Bull+ · -0.2% from 52w-Hi · POC +24.8%
KLAC 1816.29 · +4.81% · Bull · RSI 59.1 (Bull) · MACD Bear X · -6.3% from 52w-Hi · POC +14.9%
ADI 415.66 · +2.69% · Bull · RSI 73.1 (OB) · MACD Bull+ · -0.1% from 52w-Hi · POC +20.7%
REGN 721.05 · +2.67% · Bear · RSI 45.0 (Bear) · MACD Bear- · -12.2% from 52w-Hi · POC -4.4%
SNPS 504.42 · +0.38% · Bull · RSI 68.3 (Strong) · MACD Bull+ · -22.6% from 52w-Hi · POC +16.1%
CDNS 354.90 · +0.36% · Bull · RSI 70.0 (OB) · MACD Bull+ · -5.7% from 52w-Hi · POC +17.9%
MELI 1841.14 · +1.31% · Bull · RSI 54.8 (Bull) · MACD Bear X · -30.4% from 52w-Hi · POC +3.3%
CRWD 468.07 · -1.78% · Bull · RSI 61.7 (Strong) · MACD Bull+ · -17.4% from 52w-Hi · POC +15.3%
MAR 359.06 · +1.28% · Bull · RSI 53.7 (Bull) · MACD Bear X · -5.5% from 52w-Hi · POC +4.3%
ABNB 139.88 · +0.11% · Bull · RSI 56.2 (Bull) · MACD Bear X · -5.0% from 52w-Hi · POC +7.1%
MRVL 172.15 · +2.01% · Bull · RSI 78.5 (OB) · MACD Bull+ · -2.1% from 52w-Hi · POC +50.9%
DASH 167.97 · +1.10% · Bear · RSI 47.7 (Bear) · MACD Bear X · -41.2% from 52w-Hi · POC -0.3%
FTNT 90.00 · +0.09% · Bull · RSI 64.4 (Strong) · MACD Bull+ · -17.3% from 52w-Hi · POC +9.6%
CEG 322.78 · +0.74% · Bull · RSI 60.7 (Strong) · MACD Bull+ · -21.8% from 52w-Hi · POC +7.8%
WDAY 122.63 · -4.85% · Bear · RSI 46.4 (Bear) · MACD Bull X · -55.6% from 52w-Hi · POC -6.5%
PYPL 46.26 · -0.49% · Bear · RSI 40.9 (Bear) · MACD Bear X · -41.8% from 52w-Hi · POC +1.8%
ORLY 94.78 · -0.23% · Bull · RSI 53.4 (Bull) · MACD Bull+ · -12.8% from 52w-Hi · POC +2.1%

SECTOR-LEVEL READ

Mega-cap Tech - LEADING · Avg daily change +2.00% · 6/7 bullish, 1/7 bearish
Movers: NVDA +5.68%, GOOGL +2.42%, TSLA +2.35%

Semiconductors - LEADING · Avg daily change +5.02% · 10/10 bullish, 0/10 bearish
Movers: AMD +18.64%, LRCX +7.75%, KLAC +4.81%

Software/Cloud - LAGGING · Avg daily change -1.32% · 5/8 bullish, 2/8 bearish
Movers: WDAY -4.85%, INTU -2.45%, ADBE -2.13%

Consumer/Internet - MIXED · Avg daily change +0.21% · 4/9 bullish, 4/9 bearish
Movers: COST -2.03%, MELI +1.31%, MAR +1.28%

Healthcare/Biotech - LEADING · Avg daily change +1.38% · 0/2 bullish, 2/2 bearish
Movers: REGN +2.67%, ISRG +0.08%

Industrial/Other - LAGGING · Avg daily change -0.59% · 3/4 bullish, 1/4 bearish
Movers: CSCO -2.83%, CEG +0.74%, TMUS -0.59%

TOP SWING TRADE SETUPS

Setup 1: AMD - Semiconductor Leader Breakout
AMD ripped +18.64% to 421.47 on huge volume (rv 1.92x). All EMAs bullishly stacked (E20 315.83, E50 269.29, E200 216.35). MACD 39.38 > signal 32.05, expanding histogram. RSI 81.2 - extended but momentum-led.
Entry: Pullback to 315.83-408.83 band · Stop: 387.75 (~8% / ATR-based) · T1: 442.54 · T2: 463.62 · R:R: 1:1.5
Why: Above 60-day POC (249.29) by 69.1%, fresh leadership signal. ATR 20.65 - sizing must respect a wider stop on this name.

Setup 2: NVDA - Trend Continuation, Cleaner Entry
NVDA close 207.67 (+5.68%), all EMAs bullishly stacked, MACD positive cross, RSI 60.7 (less stretched than AMD).
Entry: 205.59-198.95 · Stop: 197.80 (1.5 ATR) · T1: 216.83 (52w high) · T2: 220.13 · R:R: 1:1.4
Why: -4.2% from 52w-high, POC 187.15 (11.0% below close), RSI room to run.

Setup 3: AAPL - Mega-cap 52-week High Test
AAPL 287.46 (+1.16%), printing within -0.40% of the 52w-high 288.62. MACD bullishly crossed, all EMAs positive, RSI 69.4.
Entry: Break and hold above 288.62 · Stop: 274.12 (2 ATR) · T1: 298.96 · T2: 310.46 · R:R: 1:1.5
Why: Clean trend, POC 263.22 (9.2% support), no overhead supply. Failure to hold 288.62 = false breakout, abort.

Setup 4: GOOGL - Strong Trend, Wait for Pullback
GOOGL 397.82 (+2.42%), RSI 83.4 - the most overbought name in the index. Trend perfect (E20 353.75 > E50 331.87 > E200 287.10), but chasing here is poor R:R.
Entry: Pullback to 353.75-381.91 · Stop: 331.87 (E50) · T1: 399.85 · T2: 417.71 · R:R: 1:1.6
Why: Profile patient. Best R:R comes from waiting for the index/sector to digest the AMD-driven rip, then re-entering at confluence.

Setup 5: AMZN - Hot but Constructive
AMZN 274.95 (+0.51%), RSI 81.1 - extended. -1.30% from 52w-high 278.56. Bullish stack intact, MACD positive cross expanding.
Entry: Buy dips to 255.17-261.20, NOT here · Stop: 238.71 (E50) · T1: 288.70 · T2: 302.44 · R:R: 1:1.5
Why: Avoid breakout chase given RSI 81. POC 224.79 significantly below = lots of room for a healthy retrace before next leg.

INTRADAY SETUPS - PIVOT & CAMARILLA

Intraday: AMD - Cam R3 Trend-Day Continuation
Close 421.47, Cam R3 429.32, R4 437.18. Break and hold above Cam R3 = trend day continuation; failure at R3 = mean-revert to R1 424.09.
Long: Above 429.32 · Stop: 424.09 · Target: 437.18 then 462.59

Intraday: NVDA - Pivot Bounce Long
Close 207.67, daily Pivot 204.85, S1 201.43, R1 211.09.
Long bias: Buy 204.85-201.43 bounce · Stop: 195.19 · T1: 211.09 · T2: 214.51

Intraday: MSFT - Cam Range / Mean-Revert Short
Close 413.87, below all EMAs (E200 439.98). Cam S3 410.21, R3 417.53.
Short bias: Sell rallies into 417.53-421.19 · Stop: 421.19+ · Target: 412.47 then 406.51
Why: Structural downtrend, MACD negative, RSI 54 - any rally into Cam R3/R4 in a bearish stack = mean-revert short.

Intraday: WDAY - Cam S4 Breakdown Short
Close 122.63 (-4.85%), bearish stack. Cam S3 120.92, S4 119.21.
Short: Break of 119.21 · Stop: 120.92 · Target: 117.46 then 113.84

Intraday: COST - Range Trade Cam S3/R3
Close 995.75 (-2.03%), trend mixed. Cam S3 990.30, R3 1001.20.
Range trade: Long Cam S3, short Cam R3, exit Pivot 1000.13. Avoid if breaks Cam S4 984.85.

KEY LEVELS DASHBOARD - TOP 5 TRADEABLE

AMD Close 421.47 · Range 402.04-430.60 · Daily +18.64% · RSI 81.2
Cam: S4 405.76 · S3 413.62 · S2 416.23 · S1 418.85 || R1 424.09 · R2 426.71 · R3 429.32 · R4 437.18
Classic: S3 376.91 · S2 389.48 · S1 405.47 || Pivot 418.04 || R1 434.03 · R2 446.60 · R3 462.59
EMA: E20 315.83 · E50 269.29 · E200 216.35 · POC: 249.29 · 52w: 96.88 - 430.60 · ATR: 20.65

NVDA Close 207.67 · Range 198.61-208.27 · Daily +5.68% · RSI 60.7
Cam: S4 202.36 · S3 205.01 · S2 205.90 · S1 206.78 || R1 208.56 · R2 209.44 · R3 210.33 · R4 212.98
Classic: S3 191.77 · S2 195.19 · S1 201.43 || Pivot 204.85 || R1 211.09 · R2 214.51 · R3 220.75
EMA: E20 198.95 · E50 191.98 · E200 178.76 · POC: 187.15 · 52w: 110.82 - 216.83 · ATR: 6.58

AAPL Close 287.46 · Range 281.07-288.03 · Daily +1.16% · RSI 69.4
Cam: S4 283.63 · S3 285.55 · S2 286.18 · S1 286.82 || R1 288.10 · R2 288.74 · R3 289.37 · R4 291.29
Classic: S3 276.05 · S2 278.56 · S1 283.01 || Pivot 285.52 || R1 289.97 · R2 292.48 · R3 296.93
EMA: E20 271.49 · E50 265.78 · E200 254.91 · POC: 263.22 · 52w: 193.25 - 288.62 · ATR: 6.67

AMZN Close 274.95 · Range 272.21-277.80 · Daily +0.51% · RSI 81.1
Cam: S4 271.88 · S3 273.41 · S2 273.93 · S1 274.44 || R1 275.46 · R2 275.97 · R3 276.49 · R4 278.02
Classic: S3 266.58 · S2 269.40 · S1 272.17 || Pivot 274.99 || R1 277.76 · R2 280.58 · R3 283.35
EMA: E20 255.17 · E50 238.71 · E200 225.95 · POC: 224.79 · 52w: 183.85 - 278.56 · ATR: 7.30

GOOGL Close 397.82 · Range 392.76-399.85 · Daily +2.42% · RSI 83.4
Cam: S4 393.92 · S3 395.87 · S2 396.52 · S1 397.17 || R1 398.47 · R2 399.12 · R3 399.77 · R4 401.72
Classic: S3 386.68 · S2 389.72 · S1 393.77 || Pivot 396.81 || R1 400.86 · R2 403.90 · R3 407.95
EMA: E20 353.75 · E50 331.87 · E200 287.10 · POC: 317.35 · 52w: 147.84 - 399.85 · ATR: 9.94

BEARISH WARNINGS

BEARISH WDAY Close 122.63 (-4.85%) · Bear stack, -55.6% off 52w-Hi, -4.85% today
BEARISH CSCO Close 91.63 (-2.83%) · -2.83% today
BEARISH INTU Close 388.55 (-2.45%) · Bear stack, -52.2% off 52w-Hi, -2.45% today
BEARISH ADBE Close 250.17 (-2.13%) · -40.9% off 52w-Hi, -2.13% today
BEARISH COST Close 995.75 (-2.03%) · MACD bear, -2.03% today
BEARISH CRWD Close 468.07 (-1.78%) · -1.78% today
BEARISH TMUS Close 193.16 (-0.59%) · Bear stack, -26.2% off 52w-Hi
BEARISH PYPL Close 46.26 (-0.49%) · Bear stack, MACD bear, -41.8% off 52w-Hi

OVERBOUGHT / EXTENDED WARNINGS

EXTENDED MU Close 666.80 · RSI 83.5 · -0.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED GOOGL Close 397.82 · RSI 83.4 · -0.5% from 52w-Hi · Wait for pullback, do not chase
EXTENDED AMD Close 421.47 · RSI 81.2 · -2.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED AMZN Close 274.95 · RSI 81.1 · -1.3% from 52w-Hi · Wait for pullback, do not chase
EXTENDED QCOM Close 192.66 · RSI 80.1 · -6.5% from 52w-Hi · Wait for pullback, do not chase
EXTENDED TXN Close 289.44 · RSI 79.7 · -1.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED MRVL Close 172.15 · RSI 78.5 · -2.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED ADI Close 415.66 · RSI 73.1 · -0.1% from 52w-Hi · Wait for pullback, do not chase
EXTENDED CDNS Close 354.90 · RSI 70.0 · -5.7% from 52w-Hi · Wait for pullback, do not chase

EVENTS CALENDAR (NEXT 5 DAYS)

Macro:
- US Initial Jobless Claims (Thu) - normally market-light, watch for surprise
- US Consumer Sentiment / Inflation Expectations (Fri) - second-tier risk event
- FOMC speakers throughout the week - watch for policy guidance

Tech earnings flow (heavy Q1 reporting season backdrop):
- Watch for late-cycle reporters in semiconductors and software
- Mega-cap reactions key for index direction

Sector flow watch:
- Semis confirming or fading the AMD spike
- Software (WDAY, INTU, ADBE) - did selling continue or stabilise?
- AAPL behaviour at 52w high band is the tell for mega-cap leadership

Report: 2026-05-06 21:57 GMT · Not financial advice. Always DYOR. Capital at risk.

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remo
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1 week 16 hours ago #18539 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NAS100 Daily Technical Analysis — Tuesday, 5 May 2026
Data: Close 5 May 2026 · VIX: 17.45 (-4.59%) · Breadth: 27 advancers / 13 decliners · Avg component move: +1.09%

MARKET OVERVIEW

The NASDAQ tape closed with a constructive risk-on session as semiconductor leadership powered a broad-based advance. 27 of the 40 tracked NASDAQ-100 components finished green with an average daily move of +1.09%. The decisive standouts were MU +11.10% and QCOM +10.80%, both finishing within 2% of their 52-week highs on relative volume of 1.51x and 1.71x respectively — a clear sign of institutional accumulation in chip names.

VIX collapsed to 17.45 (-4.59%), reinforcing the risk-on tone. With AI capex commentary still front and centre after last week's Mag-7 results, the path of least resistance remains higher into Wednesday's heavy 449-name earnings docket. Bias: Bullish — but tactically cautious given 8 components now sitting in RSI overbought territory.

TREND STRUCTURE

EMA stack across 40 names:
- 22 stocks Bull (close above EMA20, 50 and 200) — 55%
- 9 stocks Bear (close below all three EMAs) — 23%
- 6 stocks Mixed/Recovery
- 3 stocks Bull above 20/50, below 200

POC alignment: 31 of 40 components closed above their 60-day VWAP point-of-control — that is institutional acceptance of higher prices and a key tell that the structural bid remains intact.

Phase: Trending up with semis driving. Watch for rotation if RSI extremes start working off through time rather than price.

INDICATOR SIGNALS

RSI(14) extremes:
Overbought ≥70: MU 81.8, GOOGL 81.3, AMZN 80.5, QCOM 78.3, TXN 77.2, MRVL 77.1, CSCO 74.9, AMD 72.5
Oversold ≤30: None
NFLX 34.2 and REGN 37.9 are weakest in the pack.

MACD: 23 of 40 with line above signal — modestly bullish but not unanimous. Notable bullish histograms expanding: MU, AMD, QCOM, AMAT, LRCX, AAPL.

Volume conviction: PYPL 2.79x (capitulation flush), QCOM 1.71x (breakout volume), MU 1.51x (continuation), DASH 1.46x (distribution), MAR 1.34x.

SECTOR BREAKDOWN

Semiconductors: +4.13% avg — 9/11 bull stack. The clear leader. MU, QCOM, LRCX, AMAT, AMD all firing.
Mega-cap Tech: +0.38% avg — 3/6 bull (AAPL, GOOGL, AMZN). META lagging in bear stack.
Software/Cloud: +0.59% avg — 6/9 bull. CRWD, PANW, CDNS, FTNT all constructive.
Consumer/Internet: -1.04% avg — only 3/9 bull. PYPL, DASH, NFLX heavy on the day.
Healthcare/Biotech: -0.59% avg — both ISRG and REGN in bear stacks.
Industrial/Other: +0.38% avg — TMUS in bear stack, LIN and CEG holding.

The internal story: semis vs consumer/internet. As long as semis lead, dips remain buyable.

TOP SWING SETUPS

1) AMD — Trend Continuation
Close 355.26 (+4.02%) on RV 1.08. Full bull stack with EMA20 304.71 / EMA50 263.08 / EMA200 214.29. MACD bullish histogram expanding (+4.13). RSI 72.5 — extended but not extreme by AMD standards. Within 2.08% of 52w high 362.79.
Entry: 351-353 pullback to Cam S2/Pivot zone · Stop: 338 (under classic S2) · T1: 362 · T2: 376 · R:R: 1:1.5

2) AAPL — Bull Stack Tightening
Close 284.18 (+2.66%) on RV 1.01. Bull stack with EMA20/50/200 at 269.81/264.90/254.59. RSI 67.3 — room before overbought. MACD bullish (+1.26). Sitting 1.54% off 52w high.
Entry: 281-282 pullback to Cam S1/Pivot · Stop: 273.50 (under classic S2) · T1: 287 · T2: 295 · R:R: 1:2

3) ADI — Quiet Strength
Close 404.77 (+1.95%). Bull stack EMA20/50/200 = 377.52/351.96/296.00. RSI 69.8 (just below OB). MACD bullish. Within 0.88% of 52w high 408.37.
Entry: 396-398 (Cam S2 zone) · Stop: 384 (under classic S3) · T1: 408 · T2: 421 · R:R: 1:1.4

4) LRCX — Equipment Strength
Close 275.80 (+6.66%) on RV 1.23 making a fresh 52w high (280.00). Bull stack 255.65/241.92/187.64. RSI 62.9 — no overbought issue. MACD reset slightly bearish so wait for re-cross.
Entry: 274-275 hold of pivot · Stop: 262 (Cam S4) · T1: 281 · T2: 295 · R:R: 1:1.5

5) GOOGL — Holding the Highs
Close 388.47 (+1.36%). Within 1.11% of 52w high 392.82. Full bull stack. RSI 81.3 is the catch — extended. Wait for the unwind, not chase.
Entry: 380-382 mean-reversion to EMA20 · Stop: 372 · T1: 392 · T2: 401 · R:R: 1:1.5

INTRADAY SETUPS

Pivot Bounce — AAPL
Close 284.18, Pivot 281.75. Buy reclaim of 282.50 with stop below 280, target Cam R2 285.66 then Cam R4 288.62. Aligned with full bull stack and bullish MACD.

Camarilla Range — AMZN
Close 273.52 sits between Cam S1 272.95 and Pivot 274.82 — tight range. Range-trade Cam S3 271.82 to Cam R3 275.22 until breakout. ATR is only 7.43, so respect the box.

Cam Breakout Long — MU
Close 640.45, Cam R3 653.17, Cam R4 665.90. RV 1.51 confirming. A push above 651.74 (the 52w high and intraday H) opens 665.90 with stop at 631 (Cam S2). RSI 81.8 is extreme — size small.

Cam Breakout Long — QCOM
Close 186.56 (+10.80%) on RV 1.71. A continuation through today's high opens classic R1 then 52w highs with stop under Cam S3.

Cam Breakdown Short — PYPL
Close 46.48 (-7.76%) on RV 2.79 — capitulation volume. Bear stack and below POC. Short any failed rally into 47.50-48 with stop above 49, target the 52w low zone (lo52 38.46).

KEY LEVELS DASHBOARD — TOP 5 STOCKS

MU — 640.45 (+11.10%)
Cam: S4 615.00 · S3 627.73 · S2 631.97 · S1 636.21 || R1 644.69 · R2 648.93 · R3 653.17 · R4 665.90
Pivot: 632.55 || Class: S3 567.10 · S2 586.28 · S1 613.37 · R1 659.64 · R2 678.82
EMA20/50/200: 497.20 / 445.08 / 314.80
POC 426.45 || 52w H/L: 651.74 / 78.54 || Prev H/L: 651.74 / 605.47

AMD — 355.26 (+4.02%)
Cam: S4 347.18 · S3 351.22 · S2 352.57 · S1 353.91 || R1 356.61 · R2 357.95 · R3 359.30 · R4 363.34
Pivot: 353.24 || Class: S3 332.21 · S2 338.55 · S1 346.90 · R1 361.59 · R2 367.93
EMA20/50/200: 304.71 / 263.08 / 214.29
POC 241.21 || 52w H/L: 362.79 / 96.88 || Prev H/L: 359.57 / 344.88

GOOGL — 388.47 (+1.36%)
Cam: S4 383.63 · S3 386.05 · S2 386.86 · S1 387.66 || R1 389.28 · R2 390.08 · R3 390.89 · R4 393.31
Pivot: 388.44 || Class: S3 375.25 · S2 379.64 · S1 384.05 · R1 392.85 · R2 397.24
EMA20/50/200: 349.12 / 329.18 / 285.99
POC 316.17 || 52w H/L: 392.82 / 147.84 || Prev H/L: 392.82 / 384.02

AAPL — 284.18 (+2.66%)
Cam: S4 279.74 · S3 281.96 · S2 282.70 · S1 283.44 || R1 284.92 · R2 285.66 · R3 286.40 · R4 288.62
Pivot: 281.75 || Class: S3 270.86 · S2 273.68 · S1 278.93 · R1 287.00 · R2 289.82
EMA20/50/200: 269.81 / 264.90 / 254.59
POC 262.97 || 52w H/L: 288.62 / 193.25 || Prev H/L: 284.57 / 276.50

AMZN — 273.52 (+0.54%)
Cam: S4 270.12 · S3 271.82 · S2 272.39 · S1 272.95 || R1 274.09 · R2 274.65 · R3 275.22 · R4 276.92
Pivot: 274.82 || Class: S3 264.90 · S2 268.64 · S1 271.08 · R1 277.26 · R2 281.00
EMA20/50/200: 253.08 / 237.23 / 225.46
POC 223.56 || 52w H/L: 278.56 / 183.85 || Prev H/L: 278.56 / 272.38

COMPONENT SIGNALS — ALL 40 STOCKS

Mega-cap Tech
- AAPL 284.18 (+2.66%) — Bull stack · RSI 67.3 · MACD Bull · -1.54% from 52wH · Above POC
- MSFT — Bull above 20/50, below 200 · RSI 52.6 · MACD Bear · -25.94% from 52wH · Above POC
- GOOGL 388.47 (+1.36%) — Bull stack · RSI 81.3 OB · MACD Bull · -1.11% from 52wH · Above POC
- AMZN 273.52 (+0.54%) — Bull stack · RSI 80.5 OB · MACD Bull · -1.81% from 52wH · Above POC
- META 604.96 (-0.89%) — Bear stack · RSI 39.9 · MACD Bear · -24.02% from 52wH · Below POC
- TSLA — Bull above 20/50, below 200 · RSI 54.9 · MACD Bull · -21.96% from 52wH · Above POC

Semiconductors
- NVDA 196.50 (-1.00%) — Mixed · RSI 50.8 · MACD Bear · -9.38% from 52wH · Above POC
- AVGO 427.45 (+2.63%) — Bull stack · RSI 69.3 · MACD Bear · -1.37% from 52wH · Above POC
- AMD 355.26 (+4.02%) — Bull stack · RSI 72.5 OB · MACD Bull · -2.08% from 52wH · Above POC
- QCOM 186.56 (+10.80%) — Bull stack · RSI 78.3 OB · MACD Bull · -9.41% from 52wH · Above POC
- TXN — Bull stack · RSI 77.2 OB · MACD Bull · -2.37% from 52wH · Above POC
- AMAT 410.82 (+4.97%) — Bull stack · RSI 61.1 · MACD Bear · -2.30% from 52wH · Above POC
- MU 640.45 (+11.10%) — Bull stack · RSI 81.8 OB · MACD Bull · -1.73% from 52wH · Above POC
- LRCX 275.80 (+6.66%) — Bull stack · RSI 62.9 · MACD Bear · -1.50% from 52wH · Above POC
- KLAC 1732.90 (+1.14%) — Mixed · RSI 52.0 · MACD Bear · -10.65% from 52wH · Above POC
- ADI 404.77 (+1.95%) — Bull stack · RSI 69.8 · MACD Bull · -0.88% from 52wH · Above POC
- MRVL (+3.11%) — Bull stack · RSI 77.1 OB · MACD Bull · -2.45% from 52wH · Above POC

Software / Cloud
- ADBE — Bull above 20/50, below 200 · RSI 56.8 · MACD Bull · -39.56% from 52wH · Above POC
- INTU 398.32 (-2.13%) — Bear stack · RSI 48.3 · MACD Bull · -51.05% from 52wH · Below POC
- CRWD (+1.55%) — Bull stack · RSI 65.7 · MACD Bull · -15.94% from 52wH · Above POC
- PANW 183.98 (-0.31%) — Bull stack · RSI 62.2 · MACD Bull · -17.72% from 52wH · Above POC
- FTNT (+0.76%) — Bull stack · RSI 64.3 · MACD Bull · -17.75% from 52wH · Above POC
- SNPS (+1.01%) — Bull stack · RSI 67.8 · MACD Bull · -22.90% from 52wH · Above POC
- CDNS (+1.18%) — Bull stack · RSI 69.6 · MACD Bull · -6.06% from 52wH · Above POC
- WDAY (+0.77%) — Mixed · RSI 53.7 · MACD Bull · -53.30% from 52wH · Below POC
- CSCO 94.30 (+1.80%) — Bull stack · RSI 74.9 OB · MACD Bull · -0.44% from 52wH · Above POC

Consumer / Internet
- NFLX 87.89 (-3.44%) — Bear stack · RSI 34.2 · MACD Bear · -34.47% from 52wH · Below POC
- COST (+0.36%) — Bull stack · RSI 57.5 · MACD Bull · -4.75% from 52wH · Above POC
- BKNG 167.63 (+1.24%) — Bear stack · RSI 41.5 · MACD Bear · -28.23% from 52wH · Below POC
- MELI (+0.18%) — Mixed · RSI 51.9 · MACD Bear · -31.32% from 52wH · Above POC
- ABNB (+0.63%) — Bull stack · RSI 55.9 · MACD Bear · -5.11% from 52wH · Above POC
- MAR 354.52 (+2.10%) — Mixed · RSI 50.8 · MACD Bear · -6.71% from 52wH · Above POC
- DASH 166.14 (-3.73%) — Bear stack · RSI 45.9 · MACD Bear · -41.81% from 52wH · Below POC
- PYPL 46.48 (-7.76%) — Bear stack · RSI 41.6 · MACD Bear · -41.53% from 52wH · Above POC
- ORLY (+1.09%) — Bull stack · RSI 54.0 · MACD Bull · -12.62% from 52wH · Above POC

Healthcare / Biotech
- ISRG 451.38 (-0.21%) — Bear stack · RSI 42.2 · MACD Bear · -25.25% from 52wH · Below POC
- REGN 702.33 (-0.97%) — Bear stack · RSI 37.9 · MACD Bear · -14.47% from 52wH · Below POC

Industrial / Other
- LIN (+1.39%) — Mixed · RSI 50.6 · MACD Bear · -4.01% from 52wH · Above POC
- TMUS 194.35 (-0.04%) — Bear stack · RSI 46.8 · MACD Bull · -25.70% from 52wH · Below POC
- CEG (-0.20%) — Bull stack · RSI 59.7 · MACD Bull · -22.36% from 52wH · Above POC

BEARISH WARNINGS

PYPL — Capitulation flush. Closed -7.76% on 2.79x relative volume. Bear stack, MACD bear, only +20.9% off the 52-week low. No bottoming evidence yet — knife not catchable.

NFLX — RSI 34.2 the lowest in the universe. Closed -3.44%, bear stack, -34.47% off 52-week high. Watch for an oversold bounce, but trend is down.

META — Bear stack, RSI 39.9, MACD bearish, -24.02% off the 52-week high. Last week's flat-revenue guide weighing on the chart.

REGN — Bear stack with RSI 37.9 — second weakest in the pack.

ISRG — Sitting only +5.50% above 52-week low. Healthcare momentum negative.

DASH / BKNG / TMUS — All in bear stacks with bearish MACD. Travel/services demand signal soft.

EVENTS CALENDAR — NEXT 1-2 DAYS

- Wednesday 6 May 2026: Heavy earnings docket (~449 reports)
- Thursday 7 May 2026: Even heavier (~598 reports)
- AI capex commentary remains the dominant cross-sector theme after Mag-7 Q1 prints
- Watch for Fed-speak headlines — VIX at 17.45 leaves no premium to absorb hawkish surprise

TRADING PLAN — KEY TAKEAWAYS

BULLISH — Semi leadership intact, breadth broadly positive, 31/40 above POC, VIX collapsing. Buy dips into pivot/EMA20 in confirmed bull-stack names (ADI, AAPL, AMD, LRCX, AVGO).

CAUTION — 8 RSI overbought readings concentrated in semis and mega-cap tech. Avoid chasing extended names (MU, GOOGL, AMZN, QCOM at RSI 78+). Wait for first pullback.

Avoid: Consumer/internet weakness (PYPL, NFLX, DASH, BKNG) until structural shift confirmed. Healthcare components (REGN, ISRG) showing distribution.

Hedge idea: If long the index, short PYPL or NFLX as relative-weakness pair against semi exposure.

Report: 5 May 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

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remo
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1 week 1 day ago #18535 by remo

Replied by remo on topic NASDAQ 100 Daily Technical Analysis & Setups

NAS100 Daily Technical Report - Mon 4 May 2026
Data: Close 04 May 2026 | NAS100: ~27,560 area (-0.5% est) | Driver: Middle East tensions (UAE intercepts Iran missiles), oil higher
Breadth: 23 Bull stack / 6 Bear stack / 11 Mixed across 40 components | Avg daily move: -0.04%

MARKET OVERVIEW
Geopolitics drove a risk-off bid on Monday with the Dow shedding 557 pts (-1.13%) and the S&P 500 closing -0.41% at 7,200.75. NAS100 held up better than blue chips on the back of a sharp semi rotation - MU +6.31% punched a fresh 52-week high while AMD -5.27% and QCOM -4.88% saw heavy profit taking. Mega-cap tech finished mixed: AMZN +1.42% and GOOGL tagged fresh 52-week highs, while AAPL -1.17% and AVGO -1.13% gave back ground.

Bias: Net BULLISH structurally (58% of NAS100 components above all three EMAs) but tactically CAUTIOUS - 7 names already overbought (RSI>=70), broad MACD softening, geopolitical tape risk into the open.

TREND & MARKET STRUCTURE
EMA stack health (40 NAS100 components):
- Bull (above all 3 EMAs): 23 names (57.5%)
- Bear (below all 3 EMAs): 6 names (15.0%) - BKNG, ISRG, META, NFLX, REGN, TMUS
- Mixed/Recovery: 11 names (27.5%)

Phase: Late-stage trending market. Mega-caps still extended (GOOGL, AMZN at 52w highs), semis rotating violently, and a small but growing pocket of bear-stack names is the early divergence to watch. Today's US$ index move and oil spike argue for choppy consolidation rather than fresh breakout into Tuesday.

INDICATOR SIGNALS
RSI overbought (>=70) - momentum names at risk of mean reversion:
- AMZN 79.9, GOOGL 80.0, TXN 77.1, MU 76.1, MRVL 74.9, CSCO 72.1, QCOM 71.2

RSI oversold (<=30): None - so no obvious reversion-to-the-mean longs.

MACD bearish crosses (line below signal): 17 of 40 - notable softening in AMAT, AVGO, CSCO doesn't fit ABNB, DASH, ISRG, KLAC, LIN, LRCX, MAR, MELI, META, MSFT, NFLX, NVDA, REGN, TMUS. The breadth of MACD bear crosses despite a bullish EMA stack in many names is the biggest tactical warning in this scan.

Volume: Average relative volume (RV) across the basket sits around 0.85x - below 20-day average. Today's pullback was light-volume, not panic. Gives bulls room to rebuild.

NAS100 KEY LEVELS (cash index)
Support:
- 27,400-27,450 - last week's consolidation base, prior breakout pivot
- 27,200 - 50-day moving average area, structural support
- 26,900 - April higher-low + 100-day MA confluence

Resistance:
- 27,750 - 1 May closing high, near-term ceiling
- 28,000 - psychological round + measured-move target
- 28,250 - all-time-high zone

Pivots (estimated from 1 May close 27,710): S2 27,300 / S1 27,500 / P 27,640 / R1 27,830 / R2 27,975

NASDAQ COMPONENT SIGNALS
[code]
Tkr Close Chg% RSI MACD EMA 52H% POC

AAPL 276.87 -1.17 61.8 Bull Bull -4.1% Abv
ABNB 138.86 -1.98 54.4 Bear Bull -5.7% Abv
ADBE 254.00 +1.31 55.7 Bull Bull-mid -39.9% Abv
ADI 397.02 -0.17 67.1 Bull Bull -2.8% Abv
AMAT 391.38 +0.59 53.8 Bear Bull -6.9% Abv
AMD 341.54 -5.27 69.9 Bull Bull -5.9% Abv
AMZN 272.07 +1.42 79.9 Bull Bull -1.5% Abv
AVGO 416.54 -1.13 66.0 Bear Bull -3.0% Abv
BKNG 165.57 -2.39 38.9 Bear Bear -29.1% Blw
CDNS 349.51 +2.51 68.3 Bull Bull -7.2% Abv
CEG 321.05 +4.30 60.1 Bull Bull -22.2% Abv
COST 1012.79 +0.11 56.0 Bull Bull -5.1% Abv
CRWD 469.24 +2.98 63.8 Bull Bull -17.2% Abv
CSCO 92.63 +0.85 72.1 Bull Bull -0.5% Abv
DASH 172.57 -1.86 51.9 Bear Mixed -39.6% Abv
FTNT 89.24 +3.42 63.1 Bull Bull -18.4% Abv
GOOGL 383.25 -0.63 80.0 Bull Bull -1.1% Abv
INTU 406.99 +1.99 51.5 Bull Mixed -50.0% Blw
ISRG 452.35 -1.19 42.6 Bear Bear -25.1% Blw
KLAC 1713.32 -0.75 50.1 Bear Mixed -11.7% Abv
LIN 493.55 -2.83 45.6 Bear Mixed -5.3% Abv
LRCX 258.57 +0.72 55.1 Bear Bull -6.3% Abv
MAR 347.24 -2.18 45.6 Bear Mixed -8.6% Abv
MELI 1813.53 -1.97 51.5 Bear Mixed -31.4% Abv
META 610.46 +0.28 41.3 Bear Bear -23.3% Blw
MRVL 163.66 -0.78 74.9 Bull Bull -4.2% Abv
MSFT 413.69 -0.18 54.0 Bear Bull-mid -25.5% Abv
MU 576.45 +6.31 76.1 Bull Bull -2.8% Abv
NFLX 91.04 -1.11 39.8 Bear Bear -32.1% Blw
NVDA 198.54 +0.05 53.1 Bear Bull -8.4% Abv
ORLY 93.98 -2.78 51.6 Bull Bull-mid -13.6% Abv
PANW 184.56 +1.92 62.9 Bull Bull -17.5% Abv
PYPL 50.39 -0.10 58.9 Bear Bull-mid -36.6% Abv
QCOM 168.38 -4.88 71.2 Bull Bull -18.2% Abv
REGN 709.21 +1.11 39.7 Bear Bear -13.6% Blw
SNPS 497.50 +1.73 66.6 Bull Bull -23.7% Abv
TMUS 194.42 -0.84 46.9 Bull Bear -25.7% Blw
TSLA 392.57 +0.45 56.9 Bull Bull -21.3% Abv
TXN 280.89 -0.05 77.1 Bull Bull -2.4% Abv
WDAY 127.89 +0.73 52.6 Bull Mixed -53.7% Blw
[/code]

SECTOR GROUPING
Mega-cap Tech (: AAPL, MSFT, NVDA, AMZN, META, GOOGL, AVGO, TSLA - 6 of 8 in bull stack. META the standout weakness (only mega-cap below all 3 EMAs).

Semiconductors (10): NVDA, AVGO, AMD, QCOM, MU, AMAT, LRCX, KLAC, ADI, TXN, MRVL - the violent rotation day. MU/MRVL/TXN at 52w high zone, AMD/QCOM dumped on profit taking.

Software/Cloud (: ADBE, INTU, CRWD, PANW, FTNT, SNPS, CDNS, WDAY - cyber & EDA leadership (CRWD, FTNT, PANW, CDNS, SNPS all green).

Consumer/Internet (: NFLX, BKNG, ABNB, MAR, MELI, DASH, PYPL, ORLY - mostly red. Travel names (BKNG, MAR, ABNB) the weak pocket.

Healthcare/Biotech (2): ISRG, REGN - both below all EMAs. Defensive bid not finding healthcare today.

Industrial/Other (4): COST, TMUS, LIN, CSCO, CEG - CEG +4.30% outperforms on power/AI thesis, LIN -2.83% underperforms.

TOP SWING TRADE SETUPS

1. MU - Breakout Continuation (LONG)
Close 576.45 (+6.31%) | Today's high 592.80 = fresh 52w high | EMA stack super-bullish (E20 482 / E50 437 / E200 311) | POC 420.75 well below price | RV 1.15 confirms move on volume
Entry: 578-582 on retest · Stop: 558 · T1: 593 · T2: 611 · R:R: 1:1.7
Caveat: RSI 76.1 already overbought - prefer dip entries near pivot 575 over chasing.

2. CEG - Trend Resumption (LONG)
Close 321.05 (+4.30%) | Reclaimed all 3 EMAs (E20 300 / E50 300 / E200 309) | RSI 60.1 with room | POC 296.81 supports thesis | -22% from 52w high gives runway
Entry: 320-322 · Stop: 308 · T1: 335 · T2: 345 · R:R: 1:1.8

3. FTNT - Range Breakout (LONG)
Close 89.24 (+3.42%) | Just above tight EMA cluster at 84/83/84 | Above POC 81.90 | Today's high 89.76 close to breakout trigger
Entry: >89.80 break · Stop: 86.30 · T1: 91.85 · T2: 93.95 · R:R: 1:1.3

4. CRWD - Pullback Long Setup
Close 469.24 (+2.98%) | Bull stack reclaimed (E20 438 / E50 428 / E200 440) | RSI 63.8 mid-range | Cam R3 473.75 | -17% from 52w high 566.90
Entry: 467-470 · Stop: 449 · T1: 482 · T2: 492 · R:R: 1:1.1

5. CDNS - EDA Strength (LONG)
Close 349.51 (+2.51%) | Bull stack (E20 318 / E50 306 / E200 309) | RSI 68.3 | -7% from 52w high 376.45 | RV 1.13
Entry: 348-350 · Stop: 340 · T1: 357 · T2: 364 · R:R: 1:1.5

INTRADAY SETUPS (Pivot & Camarilla)

MU - Camarilla Breakout (LONG)
Trigger: break and hold above Cam R3 586.09. Entry 586.50 · Stop 580 (Cam R1) · Target Cam R4 595.72 · R:R 1:1.4

CEG - Camarilla Range Long
Bounce off Cam S3 316.47 toward Cam R3 325.63. Entry 317 · Stop 314 · Target 325 · R:R 1:2.7

AMZN - 52w-High Push (LONG)
Close 272.07, today's high 276.10 = 52w high. Trigger above Cam R3 274.08 toward R4 276.09. Entry 274.20 · Stop 271.40 · Target 276.10 · R:R 1:0.7. Only intraday on volume confirmation - RSI 79.9 stretched.

META - Camarilla Breakdown (SHORT)
Bear stack (close 610 < E20 640 < E50 636 < E200 650). Below POC 624.58. Trigger break of Cam S3 607.37. Entry 607 · Stop 612 · Target Cam S4 604.27 / pivot S3 592.89 · R:R 1:0.6 short / 1:2.6 swing

BKNG - Bear Stack Continuation (SHORT)
All EMAs sloping down (E20 175 / E50 177 / E200 191). Entry on rally to 167-168 · Stop 172 · Target S2 161.56 · R:R 1:1.5

KEY LEVELS DASHBOARD - TOP 5 TRADEABLE

MU - Close 576.45 | Day H 592.80 / L 557.76 | ATR 29.83
Cam: S4 557.18 - S3 566.81 - S1 573.24 || R1 579.66 - R3 586.09 - R4 595.72
Classic: S3 523.50 - S2 540.63 - S1 558.54 | Pivot 575.67 | R1 593.58 - R2 610.71 - R3 628.62
EMA: 20 482.12 · 50 437.11 · 200 311.53 | POC 420.75
52W: H 592.80 · L 78.54 | RSI 76.1 · RV 1.15x

CEG - Close 321.05 | Day H 325.42 / L 308.78 | ATR 13.34
Cam: S4 311.90 - S3 316.47 - S1 319.52 || R1 322.58 - R3 325.63 - R4 330.20
Classic: S3 294.77 - S2 301.78 - S1 311.41 | Pivot 318.42 | R1 328.05 - R2 335.06 - R3 344.69
EMA: 20 300.69 · 50 300.61 · 200 309.37 | POC 296.81
52W: H 412.70 · L 241.46 | RSI 60.1 · RV 1.03x

AMD - Close 341.54 | Day H 361.85 / L 338.70 | ATR 16.32
Cam: S4 328.81 - S3 335.17 - S1 339.42 || R1 343.66 - R3 347.91 - R4 354.27
Classic: S3 309.73 - S2 324.21 - S1 332.88 | Pivot 347.36 | R1 356.03 - R2 370.51 - R3 379.18
EMA: 20 299.39 · 50 259.32 · 200 212.88 | POC 238.04
52W: H 362.79 · L 96.88 | RSI 69.9 · RV 1.03x

AMZN - Close 272.07 | Day H 276.10 / L 268.80 | ATR 7.51
Cam: S4 268.06 - S3 270.06 - S1 271.40 || R1 272.74 - R3 274.08 - R4 276.09
Classic: S3 261.25 - S2 265.02 - S1 268.55 | Pivot 272.32 | R1 275.85 - R2 279.62 - R3 283.15
EMA: 20 250.93 · 50 235.75 · 200 224.97 | POC 221.95
52W: H 276.10 · L 183.85 | RSI 79.9 · RV 0.93x

GOOGL - Close 383.25 | Day H 387.38 / L 379.79 | ATR 9.84
Cam: S4 379.08 - S3 381.16 - S1 382.55 || R1 383.95 - R3 385.34 - R4 387.42
Classic: S3 371.98 - S2 375.88 - S1 379.57 | Pivot 383.47 | R1 387.16 - R2 391.06 - R3 394.75
EMA: 20 344.97 · 50 326.76 · 200 284.96 | POC 315.53
52W: H 387.38 · L 147.84 | RSI 80.0 · RV 0.95x

BEARISH WARNINGS
Hard bear stacks (avoid longs / consider shorts): BKNG, ISRG, META, NFLX, REGN, TMUS - all below E20/E50/E200 with negative MACD.

Overbought + bearish MACD divergence (mean-reversion risk): AVGO (RSI 66, MACD bear), CSCO (RSI 72, MACD bull but extended at 0.5% below 52w high), MRVL (RSI 75 with light volume RV 0.51 - thin rally).

Heavy single-day damage to monitor: AMD -5.27% (still bull stack but cracked daily), QCOM -4.88% (RSI 71 unwinding). Both could find support at E200 (AMD 213 / QCOM 152) but near-term momentum has shifted.

EVENTS CALENDAR
Macro week ahead (5-8 May 2026):
- US ISM Services PMI (Tue)
- Fed speakers throughout week
- Consumer Credit, Wholesale Inventories (mid-week)
- US Trade Balance, Initial Jobless Claims (Thu)
- Michigan Consumer Sentiment prelim (Fri)

Earnings risk - NAS100 components reporting this week (check exact dates):
- TMUS, MELI, ABNB, BKNG, DASH, MAR potentially reporting - confirm before any swing entry

Geopolitics: Iran/UAE situation remains the dominant tape risk - any further escalation would force defensive rotation out of high-beta tech (AMD, MU, MRVL most at risk).

Report: 04 May 2026 21:58 GMT · Not financial advice. Always DYOR. Capital at risk.

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