NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 — Wednesday 27 May 2026
Data: Close 27 May 2026 | NAS100 (NDX): 29,973.57 | Change: -27.75 (-0.09%) | VIX: 17.01



MARKET OVERVIEW

The Nasdaq 100 closed essentially flat at 29,973.57, drifting -27.75 points (-0.09%) in a tape defined by sharp internal rotation rather than headline direction. The mega-cap basket was firm — META +3.74%, AMZN +2.47%, AAPL +0.82%, TSLA +1.56% — but the move was masked by heavy selling across the semiconductor and high-multiple software complex. QCOM was the standout drag at -6.20% after a profit-taking unwind of its recent AI-deal rally with ByteDance, dragging the SOX-linked names with it: MRVL -4.59%, KLAC -2.69%, AMD -1.66%, AMAT -1.46%, LRCX -1.16%. Software/cybersecurity also rolled over (FTNT -4.50%, CRWD -3.90%, PANW -3.22%). VIX at 17.01 confirms there is no broad panic — this is positioning, not stress.

Bias: Neutral-to-Bullish going into Thursday's heavyweight macro slate. Trend structure remains intact on the index, but participation has narrowed and tomorrow's PCE/GDP combo will set the next leg.



TREND ANALYSIS

EMA stack health (40 NASDAQ components):
- Bull (close > 20/50/200): 22 stocks (55%)
- Bear (close < 20/50/200): 11 stocks (28%)
- Mixed/Recovery: 7 stocks (17%)

Under the surface the trend is still constructive — more than half the basket sits above all three key EMAs — but the bullish ratio has tightened versus prior sessions as semis and software give back. Mega-cap leadership is the load-bearing pillar; if META/AMZN/AAPL roll, the index loses its anchor.

Market structure: NDX continues to print higher highs and higher lows on the daily, but today's narrow-range doji underneath recent highs is a classic "pause-and-decide" candle ahead of macro data.

Phase: Late-stage uptrend with rotation — leadership broadening but not yet failing.



INDICATOR SIGNALS

Mega-cap RSI snapshot:
- Overbought (RSI > 70): AAPL 78.9, CSCO 76.8, MU 76.5, CRWD 75.8, AMD 74.1, FTNT 74.3, MAR 71.5, PANW 71.3, TXN 70.4
- Bullish-strong (RSI 60-70): LRCX 66.6, MRVL 67.2, SNPS 65.9, CDNS 65.8, QCOM 65.6, AMZN 62.7, TSLA 63, KLAC 61.1, AMAT 61.3, GOOGL 61
- Oversold (RSI < 30): REGN 29.6
- Weak (RSI 30-40): INTU 31.8, PYPL 33.8, ISRG 36.3, NFLX 40.6, ORLY 40

MACD: 19 of 40 stocks show MACD line above signal (bullish cross active), led by MU (89.19 > 77.95), AMD, KLAC, TSLA, AAPL. Notable bearish MACD crosses developing on MSFT, GOOGL, NVDA, AVGO, ADI, TXN — early warning that the mega-cap/semis cluster is losing momentum even on names still above their EMAs.

Volume: META and QCOM both traded well above their 20-day average — high-conviction directional moves on both winners and losers today.



KEY NAS100 INDEX LEVELS

Resistance:
- R1: 30,100 (round-number psychological / day's high zone)
- R2: 30,200-30,250 (recent swing high cluster)
- R3: 30,500 (major upside extension)

Support:
- S1: 29,850 (intraday VWAP shelf)
- S2: 29,650 (5-day swing low)
- S3: 29,400 (EMA20 daily / prior breakout zone)

Pivot (classic, est.): S2 29,700 · S1 29,850 · P 29,975 · R1 30,100 · R2 30,275

Bias holds bullish above 29,650. Loss of 29,400 opens 29,000 / EMA50 retest.



NASDAQ COMPONENT SIGNAL TABLE

Format: Ticker | Close | Day% | RSI | MACD | EMA Class | %from 52wH | Vs POC

== STRONG BULL (above all EMAs) ==
AAPL 310.85 +0.82% RSI 78.9 OB MACD BULL+ Bull-All -0.77% ABV POC
AMZN 271.85 +2.47% RSI 62.7 MACD BEAR+ Bull-All -2.41% ABV POC
TSLA 440.36 +1.56% RSI 63.0 MACD BULL+ Bull-All -11.72% ABV POC
GOOGL 388.83 -0.01% RSI 61.0 MACD BEAR+ Bull-All -4.84% ABV POC
AVGO 421.86 -0.04% RSI 56.4 MACD BEAR+ Bull-All -4.63% ABV POC
AMD 495.54 -1.66% RSI 74.1 OB MACD BULL+ Bull-All -2.88% ABV POC
MU 928.41 +3.63% RSI 76.5 OB MACD BULL+ Bull-All -2.90% ABV POC
MAR 385.86 +3.22% RSI 71.5 OB MACD BULL+ Bull-All -0.11% ABV POC
CSCO 119.67 +1.13% RSI 76.8 OB MACD BULL+ Bull-All -0.93% ABV POC
LRCX 318.93 -1.16% RSI 66.6 MACD BULL+ Bull-All -4.32% ABV POC
AMAT 448.25 -1.46% RSI 61.3 MACD BULL+ Bull-All -3.06% ABV POC
KLAC 1957.19 -2.69% RSI 61.1 MACD BULL+ Bull-All -4.99% ABV POC
ADI 416.88 -0.73% RSI 58.1 MACD BEAR+ Bull-All -4.32% ABV POC
TXN 317.45 -2.29% RSI 70.4 OB MACD BEAR+ Bull-All -4.24% ABV POC
SNPS 525.92 -1.62% RSI 65.9 MACD BEAR+ Bull-All -19.30% ABV POC
CDNS 374.05 -2.02% RSI 65.8 MACD BULL+ Bull-All -2.54% ABV POC
LIN 507.87 -1.38% RSI 51.8 MACD BULL+ Bull-All -2.57% ABV POC
PANW 248.47 -3.22% RSI 71.3 OB MACD BULL+ Bull-All -4.95% ABV POC
CRWD 645.36 -3.90% RSI 75.8 OB MACD BULL+ Bull-All -4.74% ABV POC
FTNT 127.93 -4.50% RSI 74.3 OB MACD BULL+ Bull-All -5.17% ABV POC
MRVL 198.70 -4.59% RSI 67.2 MACD BULL+ Bull-All -8.96% ABV POC
QCOM 233.40 -6.20% RSI 65.6 MACD BULL+ Bull-All -9.53% ABV POC

== MIXED / RECOVERY ==
META 635.26 +3.74% RSI 56.9 MACD BULL- Bull-20/50 (below 200) -20.22% ABV POC
NVDA 212.60 -1.05% RSI 51.0 MACD BEAR+ Mixed -10.12% ABV POC
MSFT 412.67 -0.81% RSI 49.6 MACD BEAR+ Mixed -25.71% ABV POC
BKNG 168.37 +3.10% RSI 54.1 MACD BULL- Mixed -27.92% BLW POC
MELI 1696.17 +2.92% RSI 50.0 MACD BULL- Mixed -35.88% BLW POC

== BEAR (below key EMAs) ==
COST 1003.69 +0.08% RSI 44.1 MACD BEAR+ Bear-20/50 -8.46% BLW POC
ABNB 132.10 -0.44% RSI 43.0 MACD BEAR- Bear-20/50 -10.29% BLW POC
TMUS 190.78 -0.17% RSI 46.4 MACD BULL- Bear-All -27.06% BLW POC
NFLX 87.35 -0.38% RSI 40.6 MACD BULL- Bear-All -34.87% BLW POC
INTU 307.73 +1.11% RSI 31.8 W MACD BEAR- Bear-All -62.18% BLW POC
PYPL 43.76 -0.91% RSI 33.8 W MACD BEAR- Bear-All -44.96% BLW POC
ADBE 238.24 -0.94% RSI 43.1 MACD BEAR- Bear-All -43.48% BLW POC
ORLY 89.02 -0.95% RSI 40.0 W MACD BEAR- Bear-All -18.12% BLW POC
REGN 627.74 -1.08% RSI 29.6 OS MACD BEAR- Bear-All -23.55% BLW POC
ISRG 418.55 -4.14% RSI 36.3 W MACD BEAR- Bear-All -30.69% BLW POC
CEG 288.68 -4.27% RSI 48.8 MACD BULL- Bear-All -30.05% BLW POC
DASH 157.58 +2.32% RSI 45.6 MACD BEAR- Bear-All -44.81% BLW POC
WDAY 124.50 +0.39% RSI 49.5 MACD BULL- Bear-All -51.57% BLW POC



SECTOR GROUPING

Mega-Cap Tech: BULLISH — 4 up vs 3 down. META +3.74% led, AMZN +2.47% and TSLA +1.56% confirming. Only NVDA, MSFT, GOOGL flat-to-red. Sector keeps the index propped.

Semiconductors: BEARISH (rotation/profit-taking) — only MU up (+3.63%, post-HBM strength). 10 names red led by QCOM -6.20%, MRVL -4.59%, KLAC -2.69%, AMD -1.66%. Sector remains structurally above all EMAs (KLAC, AMAT, LRCX, AMD, AVGO all Bull-All) so this looks like a controlled pullback, not a regime change — but it is the single most important watch-list for tomorrow.

Software/Cloud: BEARISH — cybersecurity unwind dominated (FTNT -4.50%, CRWD -3.90%, PANW -3.22%). High-multiple names taking the hit. Only INTU and WDAY green and both remain bear-aligned on EMAs.

Consumer/Internet: BULLISH — travel/booking strength: MAR +3.22%, BKNG +3.10%, MELI +2.92%, DASH +2.32%. Best-performing sector net of weights.

Healthcare/Biotech: BEARISH — ISRG -4.14%, REGN -1.08% (RSI 29.6, oversold). Sector remains the laggard.

Industrial/Other: MIXED-WEAK — CEG -4.27% on energy/power-trade unwind, LIN -1.38%.



TOP SWING TRADE SETUPS

1. META — Bullish Hammer Reversal into POC
Today's +3.74% close at 635.26 reclaimed both EMA20 (618.30) and EMA50 (624.97) on heavy volume, lifting it above its 615.35 POC. EMA200 (644.96) is the next overhead test. RSI 56.9 has room to run, MACD just crossed bullish.
Entry: 632-636 (current zone) · Stop: 619 (below EMA20 / POC shelf) · T1: 651 (Cam R4 / EMA200) · T2: 675 (R3 pivot) · R:R: 1:2.3
Confluence: EMA20/50 reclaim + above POC + MACD cross + sector strength in mega-cap.

2. MAR — Breakout to Fresh High
Marriott closed at 385.86, just 0.11% off the 52-week high. Full EMA stack bullish (e20 362.74 / e50 353.28 / e200 318.76), MACD positive cross (5.92 > 3.48), RSI 71.5.
Entry: 384-386 (breakout retest) · Stop: 375 (below S2) · T1: 396 (R3) · T2: 410 (measured move) · R:R: 1:2.2
Confluence: 52w high break + leisure/travel sector leadership + clean trend structure.

3. AMZN — Pullback Buy at EMA20 / above POC
Closed +2.47% at 271.85, above 264.06 EMA20 and well above POC 238.58. RSI 62.7 confirming, EMA200 (231.34) far below. MACD slightly bearish-cross (5.37 < 6.92) is the only flag.
Entry: 270-272 · Stop: 263 (below EMA20) · T1: 277 (R2 pivot) · T2: 281 (R3) · R:R: 1:1.6
Confluence: Full bullish stack + above POC + sector leader.

4. MU — Momentum Continuation (Cautious — Overbought)
Memory leader, +3.63% to 928.41, MACD blow-out bullish (89.19 > 77.95). EMA stack hyper-bullish (e20 715.74 / e50 589.94 / e200 376.85). Caveat: RSI 76.5 OB — wait for shallow pullback.
Entry: 900-915 on pullback · Stop: 870 · T1: 960 (R1) · T2: 992 (R2) · R:R: 1:1.5
Confluence: Only semi name green today + AI/HBM tailwinds + strong momentum.

5. ISRG — Bearish Continuation Short
Intuitive Surgical -4.14% to 418.55, full bear EMA stack, RSI 36.3 weak (room to fall), MACD bear cross, 30.69% off 52w high — clear downtrend. Below POC.
Entry: 418-422 (small bounce) · Stop: 432 (above prior swing) · T1: 405 · T2: 392 (next support) · R:R: 1:2.0



INTRADAY SETUPS (PIVOT & CAMARILLA)

NVDA — Pivot Bounce Long
Close 212.60, just below pivot (211.84) and EMA20 (214.45). Cam S3 211.12 is the line in the sand.
Long: entry 211.50-212.50 · Stop: 209.50 (below Cam S4 209.65) · T1: 214.91 (R1) · T2: 217.21 (R2)
Reasoning: EMA50 (204) and POC (194.99) cushion below. Mega-cap support if META/AMZN hold.

AAPL — Camarilla Range Trade
Tight Cam range (S3 309.49 / R3 312.21 = 0.88% spread). OB at RSI 78.9 — fade the highs.
Long: 309.50 stop 308.10 target 311.30 (Cam R1)
Short scalp: 312.20 stop 313.60 target 310.40 (Cam S1)
Reasoning: Stuck-in-range mega-cap awaiting macro catalyst. Trade the levels.

QCOM — Bounce Short / Continuation
Sliced through pivot (235.28) on -6.20% sell. ATR 16.28 means high vol — wait for relief rally.
Short: entry 235-238 (bounce into pivot) · Stop: 242 · T1: 226.78 (Cam S3) · T2: 222.30 (S1 classic)
Reasoning: Profit-taking unwind, post-news sell-the-fact. EMA20 (203) is real downside target if sellers persist.

TSLA — Pivot Bounce Long
Closed 440.36, holding above pivot (440.49 — basically pinned to pivot). EMA stack bullish, MACD positive.
Long: entry 438-441 · Stop: 434.80 (below Cam S4) · T1: 445.47 (R1) · T2: 450.57 (R2)
Reasoning: Hold above pivot + bullish stack = clean continuation setup.

CRWD — Cam R4 Rejection Short
Closed 645.36 (-3.90%), now under pivot 646.37 and Cam R-cluster acting as resistance. OB 75.8.
Short: entry 645-650 · Stop: 661 (above Cam R4 660.52) · T1: 632.08 (S1) · T2: 618.80 (S2)
Reasoning: High-multiple software unwind + overbought + lost pivot.



KEY LEVELS DASHBOARD (TOP 5 TRADEABLE)

META — Close 635.26
Cam: S4 619.04 · S3 627.15 · S1 632.56 || R1 637.96 · R3 643.37 · R4 651.49
Classic: S2 598.09 · S1 616.67 · P 627.59 · R1 646.17 · R2 657.09
EMA20 618.30 · EMA50 624.97 · EMA200 644.96 · POC 615.35
ATR 15.94 · 52wH 796.00 (-20.22%) · 52wL ~440

NVDA — Close 212.60
Cam: S4 209.65 · S3 211.12 · S1 212.11 || R1 213.09 · R3 214.08 · R4 215.55
Classic: S2 206.47 · S1 209.54 · P 211.84 · R1 214.91 · R2 217.21
EMA20 214.45 · EMA50 204.00 · EMA200 184.17 · POC 194.99
ATR 7.39 · 52wH 236.50 (-10.12%)

AAPL — Close 310.85
Cam: S4 308.12 · S3 309.49 · S1 310.40 || R1 311.30 · R3 312.21 · R4 313.58
Classic: S2 305.84 · S1 308.35 · P 310.80 · R1 313.31 · R2 315.76
EMA20 294.70 · EMA50 280.81 · EMA200 260.81 · POC 271.09
ATR 5.75 · 52wH 313.26 (-0.77%) — pressing fresh highs

TSLA — Close 440.36
Cam: S4 434.82 · S3 437.59 · S1 439.44 || R1 441.28 · R3 443.13 · R4 445.90
Classic: S2 430.41 · S1 435.39 · P 440.49 · R1 445.47 · R2 450.57
EMA20 415.93 · EMA50 404.04 · EMA200 394.74 · POC 389.75
ATR 15.63 · 52wH ~498

QCOM — Close 233.40
Cam: S4 220.15 · S3 226.78 · S1 231.19 || R1 235.61 · R3 240.02 · R4 246.65
Classic: S2 211.19 · S1 222.30 · P 235.28 · R1 246.39 · R2 259.37
EMA20 203.24 · EMA50 176.59 · EMA200 161.15 · POC 172.47
ATR 16.28 · 52wH ~258 (-9.53%)



BEARISH WARNINGS

- REGN — RSI 29.6 oversold but no reversal signal yet. MACD still trending lower. 23.55% off 52w high.
- INTU — RSI 31.8 weak, full bear EMA stack, 62.18% off 52w high. Death-cross territory.
- ISRG — Big -4.14% day, bear-all stack, fresh leg lower.
- CEG — -4.27% break below all EMAs. Power/energy unwind continues.
- Overbought watch: AAPL (78.9), CSCO (76., MU (76.5), CRWD (75., FTNT (74.3), AMD (74.1) — all vulnerable to one-day reset.
- MACD bearish divergence forming: GOOGL, MSFT, NVDA, AVGO, ADI, TXN, SNPS, AMZN — names still green on EMAs but losing momentum.
- Below POC (heavier distribution above): TMUS, NFLX, ABNB, ADBE, PYPL, ORLY, INTU, WDAY, REGN, ISRG, MELI, BKNG, COST, DASH, CEG.



EVENTS CALENDAR

Thursday 28 May (US session) — MAJOR DATA DAY
- 08:30 ET: GDP Q1 2nd Release
- 08:30 ET: Initial Jobless Claims
- 08:30 ET: Advance Durable Goods
- 08:30 ET: Personal Income & PCE Deflator (April) — Headline est. +0.4% m/m (3.8% y/y), Core +0.3% m/m (3.3% y/y) per BofA forecast
- 10:00 ET: Pending Home Sales

Friday 29 May
- 10:00 ET: Multivariate Core Trend Inflation (NY Fed)
- 12:45 ET: NY Fed Staff Nowcast update

Earnings (notable NASDAQ names this week): Tomorrow's report is the macro pivot — earnings flow light into month-end. Watch CRM and HPQ pre-market Thursday for software/PC read-through.

Fed: No FOMC this week. Multiple speakers; markets focused on PCE print as next policy input.



GAME PLAN INTO THURSDAY

1. Pre-PCE (overnight / pre-market): Reduce gross exposure. Tomorrow's 08:30 PCE is a binary event — a hot core PCE (>0.4% m/m) repeats the spring re-rating risk, a cool print (<0.2%) ignites mega-cap tech back to highs.

2. If PCE cool: Long META (632-636), MAR breakout, AMZN pullback. Semis (KLAC, AMAT, LRCX) likely bounce hard from today's flush. NDX target 30,200+.

3. If PCE hot: Defend long-OB names (AAPL, MU, MAR, CRWD) — reduce. QCOM short remains live. ISRG, CEG, REGN bearish continuations. NDX downside test of 29,400 EMA20.

4. Index pivots: Bull if NDX holds 29,650 close. Bearish trigger on confirmed close below 29,400. Above 30,250 = trend resumption.

5. Watch the leaders: If META gives back today's range or AMZN fails to hold 264 EMA20, the rotation thesis turns into a top thesis.

VIX at 17.01 says the market is not pricing fear — that asymmetry of upside on a cool print vs downside on a hot print is the key trade asymmetry into 08:30 ET tomorrow.



Report: 27 May 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

NAS100 Daily Technical Analysis — Tuesday 26 May 2026
Data: Close 26 May 2026 · NDX: ~29,925 · Change: +444 (+1.51%) · Range: 29,481 – 30,044 (fresh 52-week high) · VIX: 16.59



MARKET OVERVIEW

The Nasdaq-100 punched through 30,000 for the first time in history before settling just below the round number, with the cash NDX printing an intraday all-time high at 30,044.49. The Nasdaq Composite added +1.19% to 26,656.18, the S&P 500 closed +0.61% at 7,519.12 (also a record), while the Dow lagged at -0.23% (50,461.68) as money rotated aggressively into AI/semiconductor names.

Drivers:
- Micron (MU) +19.29% to 895.88 — crossed a $1 trillion market cap for the first time after UBS analyst Timothy Arcuri lifted the price target from $535 to a Street-high $1,625, re-framing Micron as an "AI-native infrastructure giant". CFRA ($500 -> $900) and HSBC ($750 -> $1,100) followed suit. HBM4 capacity for 2026 is reportedly sold out.
- Broad semiconductor squeeze: every single semi name in the NDX scanner closed Bull-All with a sector-average daily change of +6.78%.
- Geopolitical: oil and Treasury yields slipped on optimism over a possible US–Iran agreement reopening the Strait of Hormuz — supportive for risk.
- VIX collapsed to 16.59, signalling no fear despite the parabolic semi move.

Bias: BULLISH but stretched. Trend is intact and broad participation in semis is healthy, but RSI extremes (12 of 40 names &gt;= 70) and a 444-point single-session gain raise the odds of a mean-reversion day before the next leg.



TREND ANALYSIS

EMA Stack (NDX, daily): Bullish alignment — Close > 20EMA > 50EMA > 200EMA. The 20EMA continues to act as the dynamic line in the sand and has not been violated on a closing basis since the prior leg up. With today's break of 30,000, structure is now sequential higher highs / higher lows on all timeframes from H4 through Weekly.

Market structure: Trending — fresh ATH confirms continuation. No distribution candle yet. The most likely failure pattern from here is a "blow-off -> outside-day reversal" given the semi mania, which is what intraday traders should watch for tomorrow.

Phase: Late-stage trend day inside a sustained uptrend. Pullbacks remain buyable until proven otherwise; breakouts above 30,044 carry asymmetric reward but elevated false-break risk.



INDICATOR SIGNALS

- Breadth (40-stock scanner): 21 advancers vs 19 decliners — narrower than the headline move suggests. Heavy lifting done by 10 semis. Average daily change of the basket: +1.39%.
- Trend distribution: 23 Bull-All · 2 Bull-above-20/50 · 1 Mixed · 2 Bear-below-20/50 · 12 Bear-All. The Bear-All cohort is concentrated in consumer/internet and beaten-down software — a story of bifurcation under a strong index.
- RSI (40-stock): 12 overbought (&gt;=70), 0 oversold. Extremes: FTNT 88.2, CRWD 87.4, PANW 79.5, AAPL 77.4, AMD 77.1, TXN 77.0. INTU at 30.6 and REGN at 30.8 are flirting with oversold.
- MACD: 22 bullish vs 18 bearish. Several mega-caps (NVDA, AMZN, MSFT, META, GOOGL, TSLA) carry bearish daily MACD readings even with prices extended — short-term momentum is rotating, not collapsing.
- POC (60-day VWAP): 25 of 40 stocks close above POC. The 15 below POC overlap heavily with the Bear-All set — clear value-area separation between leaders and laggards.



KEY NAS100 INDEX LEVELS

Resistance:
- R1: 30,044 — today's intraday ATH / 52-week high
- R2: 30,250 — 1.0% extension above ATH (typical breakout target zone)
- R3: 30,500 — psychological round-number magnet

Support:
- S1: 29,725 — prior-day VWAP / today's mid-range
- S2: 29,481 — Friday 22 May close / today's session low
- S3: 29,000 – 29,100 — round number + rising 20EMA confluence

Classic pivots (for 27 May, based on 26 May OHLC ~29,481/30,044/29,925):
Pivot: 29,816 · R1: 30,152 · R2: 30,379 · R3: 30,715 · S1: 29,589 · S2: 29,253 · S3: 29,026

Psychological: 30,000 is the magnet — expect chop around it on Wednesday's open.



NASDAQ COMPONENT SIGNALS — 40-STOCK GRID

Legend: B-All = Bull above all EMAs · Bear-All = Bear below all EMAs · B-20/50 = Bull above 20/50 only · Bear-20/50 = Bear below 20/50 · Mix = mixed.

[code]
TKR CLOSE CH% TREND RSI MACD POC 52H%
AAPL 308.33 -0.16 B-All 77.4 BULL ABV -1.1
ABNB 132.68 +0.25 Bear-20/50 44.1 BEAR BLW -9.9
ADBE 240.49 -1.74 Bear-All 44.7 BEAR BLW -42.9
ADI 419.94 +5.76 B-All 59.6 BEAR ABV -3.6
AMAT 454.89 +5.26 B-All 64.2 BULL ABV -0.4
AMD 503.89 +7.78 B-All 77.1 BULL ABV -0.6
AMZN 265.29 -0.39 B-All 56.6 BEAR ABV -4.8
AVGO 422.01 +1.90 B-All 56.4 BEAR ABV -4.6
BKNG 163.30 +1.39 Mix 47.6 BULL BLW -30.1
CDNS 381.75 +2.18 B-All 71.5 BULL ABV -0.4
CEG 301.57 +2.55 B-20/50 55.1 BULL ABV -26.9
COST 1002.93 -2.46 Bear-20/50 43.9 BEAR BLW -8.5
CRWD 671.55 +1.22 B-All 87.4 BULL ABV -0.9
CSCO 118.33 -1.73 B-All 75.8 BULL ABV -2.0
DASH 154.00 -3.90 Bear-All 42.2 BEAR BLW -46.1
FTNT 133.96 +0.02 B-All 88.2 BULL ABV -0.7
GOOGL 388.88 +1.54 B-All 61.0 BEAR ABV -4.8
INTU 304.35 -4.87 Bear-All 30.6 BEAR BLW -62.6
ISRG 436.64 -0.33 Bear-All 43.8 BULL BLW -27.7
KLAC 2011.39 +6.51 B-All 66.1 BULL ABV -0.6
LIN 514.97 -0.50 B-All 57.9 BULL ABV -1.2
LRCX 322.68 +5.68 B-All 68.8 BULL ABV -0.4
MAR 373.81 +1.26 B-All 64.9 BULL ABV -1.6
MELI 1648.04 -0.98 Bear-All 45.1 BULL BLW -37.7
META 612.34 +0.34 Bear-All 46.4 BEAR BLW -23.1
MRVL 208.26 +6.08 B-All 75.1 BULL ABV -4.2
MSFT 416.03 -0.61 B-20/50 52.3 BEAR ABV -25.1
MU 895.88 +19.29 B-All 74.9 BULL ABV -2.3
NFLX 87.68 -1.04 Bear-All 41.4 BULL BLW -34.6
NVDA 214.86 -0.22 B-All 53.3 BEAR ABV -9.2
ORLY 89.87 -2.04 Bear-All 42.3 BEAR BLW -17.3
PANW 256.75 -1.47 B-All 79.5 BULL ABV -1.8
PYPL 44.16 -0.16 Bear-All 35.8 BEAR BLW -44.5
QCOM 248.82 +4.48 B-All 74.1 BULL ABV -3.6
REGN 634.62 -0.67 Bear-All 30.8 BEAR BLW -22.7
SNPS 534.56 +1.87 B-All 71.7 BEAR ABV -18.0
TMUS 191.11 -0.19 Bear-All 46.9 BULL BLW -26.9
TSLA 433.59 +1.78 B-All 60.9 BEAR ABV -13.1
TXN 324.89 +5.07 B-All 77.0 BEAR ABV -0.5
WDAY 124.02 -3.22 Bear-All 49.0 BULL BLW -51.8
[/code]



SECTOR GROUPING

Semiconductors — sector avg +6.78% — 10/10 Bull-All
AVGO, AMD, QCOM, TXN, AMAT, MU, LRCX, KLAC, ADI, MRVL. Six of the ten put up daily moves greater than +5%. This is a genuine sector squeeze, not a one-stock story. The risk: six are RSI > 70 and three of those (AMD, MU, MRVL) are > 75 — be cautious chasing on Wednesday.

Mega-cap Tech — sector avg +0.33% — 5/7 Bull-All
AAPL, NVDA, AMZN, GOOGL, TSLA Bull-All · MSFT Bull-20/50 · META Bear-All. Mega-cap participation today was muted — only GOOGL and TSLA contributed meaningfully. NVDA closed near unchanged after last week's blowout earnings (reported +85% YoY, $81.6B Q1). META at 612 remains the standout laggard, -23% from 52w high and still below all three EMAs.

Software / Cloud — sector avg -0.86% — 6/9 Bull-All
Quality cybersecurity (PANW, CRWD, FTNT) and EDA (SNPS, CDNS) extended further. CSCO remains a quiet outperformer. Pain points: INTU (-4.87%, RSI 30.6), WDAY (-3.22%, Bear-All), ADBE (-1.74%, Bear-All -42.9% from 52w high).

Consumer / Internet — sector avg -0.79% — 1/10 Bull-All
Only MAR is Bull-All. The cohort is dominated by Bear-All names (NFLX, MELI, DASH, PYPL, ORLY, TMUS) and rangebound names (BKNG, ABNB, COST). This is where the index breadth is bleeding.

Healthcare / Biotech — sector avg -0.50% — 2/2 Bear-All
ISRG and REGN both below all EMAs. REGN RSI 30.8 = approaching oversold.

Industrial / Other — sector avg +1.02% — 1/2 Bull-All
LIN trending well; CEG Bull-20/50 (still -27% from 52w high but reclaiming structure).



TOP SWING TRADE SETUPS

1. AMAT — Coiling at the 52w high, MACD bullish crossover
Close 454.89 (+5.26%), Bull-All, RSI 64.2 (constructive — not yet OB), MACD line just turned above signal (12.79 vs 12.55) on rising semi tailwind. Only -0.4% from 52w high. POC 385.95 ~70 points below = strong value-area support.
Entry: 452 – 456 (break/retest) · Stop: 427 (1.5×ATR) · T1: 482 · T2: 509 · R:R: 1:2.0
Why: Cleanest semi setup that is not yet RSI-extreme. Sector tailwind from MU/AMD spillover.

2. LRCX — Fresh MACD bull cross, RSI 68.8 has room
Close 322.68 (+5.68%), Bull-All, MACD 13.31 vs 11.55, only -0.4% from 52w high.
Entry: 320 – 325 · Stop: 301 (1.5×ATR) · T1: 344 · T2: 365 · R:R: 1:2.0
Why: Pure WFE play, mirrors AMAT. POC at 248.57 confirms strong base.

3. KLAC — Fresh breakout +6.5%, MACD curling up
Close 2011.39 (+6.51%), Bull-All, RSI 66.1, MACD 47.74 vs 40.68.
Entry: 1995 – 2025 · Stop: 1888 (1.5×ATR) · T1: 2134 · T2: 2258 · R:R: 1:2.0
Why: Process control + AI capex thesis. Wide ATR (82) means trade in size with care.

4. MAR — Constructive consumer outlier in a weak group
Close 373.81 (+1.26%), Bull-All, RSI 64.9, MACD bullish (4.42 vs 2.87). The only Bull-All consumer/internet name and only -1.6% from 52w high.
Entry: 370 – 374 · Stop: 361 · T1: 386 · T2: 399 · R:R: 1:2.0
Why: If consumer pessimism is overdone, Marriott is the cleanest leader to ride.

5. LIN — Defensive industrial leadership, MACD bull
Close 514.97 (-0.50% today), Bull-All, RSI 57.9, MACD 3.95 vs 3.01, only -1.2% from 52w high.
Entry: 512 – 517 · Stop: 501 · T1: 529 · T2: 544 · R:R: 1:2.0
Why: Industrial gases defensive that quietly grinds higher — useful counterweight to extended semis.



INTRADAY SETUPS — PIVOTS & CAMARILLA

Camarilla Range Play — TSLA 431.09 / 436.09
Tight 5.00-point Cam S3 / Cam R3 envelope around pivot 431.64.
Long: reject of Cam S3 431.09 with confirmation -> target Pivot 431.64 then Cam R3 436.09. Stop 428.60 (Cam S4).
Short: reject of Cam R3 436.09 -> target Pivot then Cam S3. Stop 438.58 (Cam R4).

Camarilla Breakout Trade — MU 922.42
With the close at 895.88 and the day's high at 916.80, Cam R3 922.42 is just above today's range. A clean break + 5-min hold above 922.42 signals continuation trend day.
Entry: above 923 on volume · Stop: 904 (back inside range) · T1: 935 (classic R1) · T2: 949 (Cam R4) · R:R: 1:2.5
Risk: MU is parabolic — only trade if pre-market confirms continuation. Reverse the trade short below Cam S3 (869.34).

Pivot Bounce — AAPL 309.27
AAPL printed 311.82 ATH today; classic pivot for tomorrow sits at 309.27 with Cam R1 308.71 directly beneath. Confluence makes 308–309 a high-probability bid zone for continuation longs.
Long: 308.50 – 309.30 · Stop: 306.05 (Cam S4) · T1: 311.82 (today's high) · T2: 313.42 (classic R2) · R:R: 1:1.5

Camarilla Range Short — NVDA 216.56
NVDA closed 214.86 inside a tight Cam range. Reject of Cam R3 216.56 (with bearish daily MACD) sets up a short to Cam S3 213.16.
Short: 216.50 – 216.80 on rejection · Stop: 218.30 (Cam R4) · T1: 215.01 (Pivot) · T2: 213.16 (Cam S3) · R:R: 1:1.9

Breakout Trade — AMD 511.24
AMD broke and held the 500 round number today. Cam R3 511.24 is the next pivot magnet; classic R1 513.82 just above.
Entry: above 511.50 with hold · Stop: 501 (Cam S1) · T1: 514 · T2: 524 (classic R2) · R:R: 1:1.3
Risk: RSI 77 — late-cycle add only.



KEY LEVELS DASHBOARD — TOP 5 STOCKS

MU — Close 895.88 (+19.29%)
Cam: S4 842.81 · S3 869.34 · S2 878.19 · S1 887.03 || R1 904.73 · R2 913.57 · R3 922.42 · R4 948.96
Classic: S3 742.02 · S2 781.16 · S1 838.52 || Pivot 877.66 || R1 935.02 · R2 974.16 · R3 1031.52
EMA20 693.36 · EMA50 576.12 · EMA200 371.31 · POC 517.83
Prev day Hi/Lo: 916.80 / 820.30 · 52w Hi/Lo: 916.80 / 90.93

AMD — Close 503.89 (+7.78%)
Cam: S4 489.19 · S3 496.54 · S2 498.99 · S1 501.44 || R1 506.34 · R2 508.79 · R3 511.24 · R4 518.59
Classic: S3 460.36 · S2 470.30 · S1 487.09 || Pivot 497.03 || R1 513.82 · R2 523.76 · R3 540.55
EMA20 413.60 · EMA50 341.48 · EMA200 244.36 · POC 298.54
Prev day Hi/Lo: 506.96 / 480.23 · 52w Hi/Lo: 506.96 / 107.67

AAPL — Close 308.33 (-0.16%)
Cam: S4 306.05 · S3 307.19 · S2 307.57 · S1 307.95 || R1 308.71 · R2 309.09 · R3 309.47 · R4 310.61
Classic: S3 302.58 · S2 305.12 · S1 306.73 || Pivot 309.27 || R1 310.88 · R2 313.42 · R3 315.03
EMA20 293.00 · EMA50 279.59 · EMA200 260.31 · POC 270.19
Prev day Hi/Lo: 311.82 / 307.67 · 52w Hi/Lo: 311.82 / 193.46

NVDA — Close 214.86 (-0.22%)
Cam: S4 211.46 · S3 213.16 · S2 213.73 · S1 214.29 || R1 215.43 · R2 215.99 · R3 216.56 · R4 218.26
Classic: S3 205.67 · S2 208.83 · S1 211.85 || Pivot 215.01 || R1 218.03 · R2 221.19 · R3 224.21
EMA20 214.65 · EMA50 203.64 · EMA200 183.88 · POC 194.40
Prev day Hi/Lo: 218.18 / 212.00 · 52w Hi/Lo: 236.54 / 129.16

TSLA — Close 433.59 (+1.78%)
Cam: S4 428.60 · S3 431.09 · S2 431.93 · S1 432.76 || R1 434.42 · R2 435.25 · R3 436.09 · R4 438.58
Classic: S3 418.99 · S2 422.56 · S1 428.07 || Pivot 431.64 || R1 437.15 · R2 440.72 · R3 446.23
EMA20 413.36 · EMA50 402.56 · EMA200 394.28 · POC 389.27
Prev day Hi/Lo: 435.20 / 426.12 · 52w Hi/Lo: 498.83 / 273.21



BEARISH WARNINGS

BEARISH — INTU 304.35 — Down -4.87% on the day, RSI 30.6 (oversold), Bear-All, only +0.7% from 52w low and -62.6% from 52w high. Knife-falling; do not catch.

BEARISH — DASH 154.00 — Down -3.90%, Bear-All, -46.1% from 52w high. Consumer-discretionary leader of the laggards.

BEARISH — WDAY 124.02 — Down -3.22%, Bear-All, -51.8% from 52w high. No reclaim of the 20EMA in sight.

BEARISH — COST 1002.93 — Down -2.46%, Bear-20/50, just lost the 1,000 round number intraday — bears need a daily close below 1,000 for confirmation.

BEARISH — REGN 634.62 — RSI 30.8, Bear-All. Approaching oversold but no MACD divergence yet — let it base.

EXTENDED — FTNT 88.2 RSI / CRWD 87.4 RSI / PANW 79.5 RSI — Trends remain up but trim-into-strength regime applies. A bearish daily candle with high volume would be the first sign of distribution.

WATCH — META Bear-All at 612.34 — The single largest NDX component still below all three EMAs. A failure to reclaim the 20EMA (~616.51) on this risk-on tape is a structural negative for the index if semis cool.



EVENTS CALENDAR

Wednesday 27 May: Quiet US macro calendar. Markets will watch the open for follow-through on the semi squeeze and whether MU prints a doji/reversal candle.

Thursday 28 May: Weekly Initial Jobless Claims (08:30 ET). CRWD earnings cycle approaching (typically reports first week of June — confirm calendar before positioning).

Friday 29 May: PCE Inflation print (08:30 ET) — the Fed's preferred gauge; a hot print would test the VIX 16.59 complacency and could pause the semi parabola.

Next FOMC: 16 – 17 June 2026. No meeting risk this week.

Geopolitics: Track US–Iran headlines — any breakdown reverses today's oil-down/risk-up reaction.



TRADE PLAN SUMMARY

- Bias: Bullish but stretched. Buy dips toward 29,725 / 29,500 on the NDX; do not chase blow-off extensions above 30,200 without a clear retest.
- Best risk/reward longs: AMAT, LRCX, KLAC (semi continuation with manageable RSI), MAR and LIN (non-tech bullish outliers).
- Avoid chasing: MU, AMD, FTNT, CRWD, PANW at current levels — wait for pullback to EMA20 or a 1–2-day basing pattern.
- Shorts: only on confirmed daily reversal candles in Bear-All names (INTU, DASH, WDAY, REGN) or rejection of Cam R-levels intraday (e.g., NVDA at 216.56).
- Key invalidation for the bull thesis: daily NDX close back below 29,400 with semi leaders breaking individual 20EMAs.



Report: 26 May 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.[

NASDAQ 100 (NAS100) — DAILY TECHNICAL ANALYSIS
Friday 22 May 2026

Data: Close 22 May 2026 | NAS100 (NDX): ~29,475 | Change: +118 (+0.40%) | Est. range: 29,360-29,500
Broad market (confirmed close): S&P 500 7,473.47 (+0.37%) · Nasdaq Composite 26,343.97 (+0.19%) · Dow 50,579.70 (+0.58%, record) · VIX ~16.8



MARKET OVERVIEW

A quiet, grind-higher finish to the week ahead of the Memorial Day long weekend. The S&P 500 booked an EIGHTH straight weekly gain and the Dow set a fresh record close. Breadth inside our 40-stock NAS100 basket was firmly positive: 25 advancers vs 15 decliners, with 23 of 40 names sitting in a full bullish EMA stack.

The leadership was all chips and software. Qualcomm detonated +11.6% on a sweeping Stellantis Snapdragon Digital Chassis expansion, a Q2 beat (record auto revenue of $1.33bn, +38% YoY) and a quantum-computing grant. AMD added +4.0% after CEO Lisa Su's upbeat CPU-market comments, dragging the whole semi complex higher (TXN +3.6% on a data-centre-power upgrade). Software was the strongest single group (PANW +3.0%, CRWD +2.4%, FTNT +3.5%, CDNS +4.2%, SNPS +4.1%), and Workday jumped after a well-received print.

The drag came from the very largest weights: NVDA -1.95% (post-earnings cooldown), AMZN -0.8%, GOOGL -1.2%, plus a weak consumer/internet tape (COST -2.1%, ABNB -1.4%). That mega-cap softness is why the NAS100 lagged the equal-weighted strength of its components.

Note on the index print: the live NDX cash close was not yet published at report time; the ~29,475 (+0.40%) figure is derived from the 40 largest constituents (exact closes below) plus the confirmed Composite move, anchored to the 21 May NDX close of 29,357.27. Treat the component levels as exact and the headline index level as a close estimate.

Overall bias: BULLISH but extended and news-sensitive. Momentum and breadth are constructive; the risk is a crowded, low-VIX tape running into a heavy macro week.



TREND ANALYSIS

EMA stack: The index proxy basket is dominated by bullish alignment. 23 of 40 names are Bull (above all three EMAs); only 13 are in bearish stacks. The mega-cap picture is mixed: AAPL, GOOGL bull-stacked, NVDA bull (barely, close 215.24 vs EMA20 214.62), MSFT Bull (above 20/50 but below EMA200 437.28), while META is the lone mega-cap in a full death stack.

Structure: Higher highs / higher lows intact at index level — the Composite and S&P are at/near records and the NAS100 is pressing back toward its own highs. This is a trending market in its later stages, not a reversal.

Phase: Trending up, but stretched. Nine of 40 names print RSI above 70 and zero are oversold — classic late-trend, low-volatility (VIX ~16. complacency. Pullbacks have been shallow and bought.



INDICATOR SIGNALS

RSI (14): Basket skew is bullish-to-hot. Overbought (>70): FTNT 88.2, CRWD 86.9, PANW 83.6, CSCO 80.8, AAPL 78.4, AMD 72.6, TXN 71.8, QCOM 71.7, MRVL 71.2. Near oversold: REGN 31.6, INTU 33.1, PYPL 36.2. The clustering of overbought readings in software/semis says leadership is real but needs to digest.

MACD: Bullish above zero on the leaders (QCOM, AMD-line just under signal, PANW, CRWD, FTNT, CSCO, LRCX, MRVL, MAR, LIN). Bearish below zero on the laggards (INTU -14.3, REGN -26.0, META -7.1, BKNG, DASH, MELI, PYPL). A few leaders (TXN, SNPS, AVGO, CRWD's pace) show histograms starting to contract — momentum hot but no longer accelerating.

Volume: Relative volume was generally normal-to-light (most names rv 0.6-1.2), consistent with a pre-holiday session. Two stand-outs: INTU rv 2.95 (heavy — but on a bear-stack bounce, see warnings) and SNPS rv 1.18. Light volume into a long weekend argues for tighter risk and fewer fresh breakout chases.



KEY NAS100 INDEX LEVELS

Resistance:
R1 29,463 — 21 May session high (immediate cap, est. cleared intraday)
R2 29,500 — round-number / psychological
R3 29,750-30,000 — measured-move + the big round 30k figure

Support:
S1 29,357 — 21 May close / breakout pivot
S2 29,040 — 21 May session low (key short-term floor)
S3 28,600 — prior consolidation shelf

Classic pivots (index proxy): S2 ~29,040 · S1 ~29,300 · Pivot ~29,450 · R1 ~29,560 · R2 ~29,750
Psychological magnets: 29,000 below, 30,000 above. A clean break and hold over 29,500 opens the 30k conversation; loss of 29,040 negates the near-term bullish structure.



NASDAQ COMPONENT SIGNALS (40 stocks)

Format: Ticker · daily% · RSI · MACD · %from52wH · vs POC · EMA trend

BULLISH STACKS (above all 3 EMAs)
QCOM +11.60 R71.7 Bull>0 -3.9% >POC Bull(all)
AMD +3.99 R72.6 BearWk -2.9% >POC Bull(all)
TXN +3.63 R71.8 BearWk -2.0% >POC Bull(all)
SNPS +4.12 R68.8 BearWk -19.5% >POC Bull(all)
CDNS +4.22 R68.8 BearWk -2.1% >POC Bull(all)
FTNT +3.45 R88.2 Bull>0 -0.2% >POC Bull(all)
PANW +3.03 R83.6 Bull>0 -0.3% >POC Bull(all)
MRVL +2.96 R71.2 Bull>0 -1.0% >POC Bull(all)
KLAC +2.51 R59.0 BearWk -2.6% >POC Bull(all)
CRWD +2.35 R86.9 Bull>0 -1.7% >POC Bull(all)
CSCO +1.87 R80.8 Bull>0 -0.3% >POC Bull(all)
TSLA +1.95 R58.3 BearWk -14.6% >POC Bull(all)
AAPL +1.26 R78.4 Bull>0 -0.8% >POC Bull(all)
AMAT +1.12 R57.9 BearWk -3.6% >POC Bull(all)
LRCX +1.03 R63.6 Bull>0 -1.5% >POC Bull(all)
LIN +0.60 R60.3 Bull>0 -0.7% >POC Bull(all)
MAR -0.38 R61.7 Bull>0 -2.9% >POC Bull(all)
AVGO -0.10 R53.1 BearWk -6.4% >POC Bull(all)
AMZN -0.80 R58.0 BearWk -4.4% >POC Bull(all)
GOOGL -1.21 R57.5 BearWk -6.3% >POC Bull(all)
MU -1.46 R65.1 BearWk -8.3% >POC Bull(all)
NVDA -1.95 R53.6 BearWk -9.0% >POC Bull(all)

BULL (above 20/50, below 200)
MSFT -0.12 R54.4 BearWk -24.6% >POC Bull(20/50)

MIXED / RECOVERY
WDAY +5.16 R53.1 BullRec -53.2% >POC Mixed (>20, <50, <200)
ADI +3.35 R50.9 BearWk -8.9% >POC Mixed (<20, >50, >200)
CEG +2.88 R51.7 Bear<0 -28.7% <POC Mixed (>20, <50, <200)
COST -2.11 R50.3 Bull>0 -6.2% >POC Mixed (<20, >50, >200)

BEARISH STACKS (below EMAs)
INTU +4.19 R33.1 Bear<0 -60.7% <POC Bear(all) [heavy vol bounce]
ADBE +0.27 R47.8 Bull>0 -41.9% <POC Bear(all)
TMUS +0.30 R47.3 BullRec -26.8% <POC Bear(all)
BKNG +0.86 R44.4 Bear<0 -31.0% <POC Bear(all)
DASH +0.62 R47.0 Bear<0 -43.9% <POC Bear(all)
META +0.47 R45.3 Bear<0 -23.4% <POC Bear(all)
ORLY -0.65 R47.8 Bear<0 -15.6% <POC Bear(all)
ISRG -0.39 R44.5 BullRec -27.5% <POC Bear(all)
NFLX -0.78 R43.9 BullRec -33.9% <POC Bear(all)
MELI -0.80 R46.5 Bear<0 -37.1% <POC Bear(all)
REGN -0.58 R31.6 Bear<0 -22.2% <POC Bear(all)
PYPL -0.16 R36.2 Bear<0 -44.4% <POC Bear(all)
ABNB -1.42 R43.4 Bear<0 -10.1% <POC Bear(below 20/50)



SECTOR GROUPING

Software / Cloud — STRONGEST (avg +2.96%)
Clear day-leader. CDNS +4.2, SNPS +4.1, FTNT +3.5, PANW +3.0, CRWD +2.4, WDAY +5.2. Caveat: FTNT/CRWD/PANW are deeply overbought (RSI 84-88). Laggards INTU and PYPL remain in bear stacks.

Semiconductors — BROAD STRENGTH (avg +2.43%)
10 of 11 in full bull stacks. QCOM +11.6 the standout; AMD/TXN/MRVL/KLAC/AMAT/LRCX all green. Only NVDA (-1.95%) and MU (-1.46%) red — pullbacks within uptrends, not breakdowns.

Industrial / Other — FIRM (avg +1.41%)
CSCO +1.9 (RSI 80.8, bull stack at 52w high), LIN +0.6, CEG +2.9 (mixed stack). TMUS the weak one (bear stack).

Mega-cap Tech — MIXED (avg +0.10%)
AAPL +1.3 leads (RSI 78). GOOGL -1.2 and MSFT flat (below EMA200). META the outlier in a full death stack. This group capped the index.

Consumer / Internet — LAGGARD (avg -0.35%)
6 of 10 in bear stacks (BKNG, DASH, MELI, NFLX, ORLY, ABNB). Only TSLA/AMZN/MAR bull-stacked. The clear funding source for the day's rotation into chips/software.

Healthcare / Biotech — WEAKEST TREND
Both names bearish: ISRG and REGN (RSI 31.6, near oversold) in full death stacks below POC.



TOP SWING TRADE SETUPS

1. QCOM — momentum breakout, buy the pullback
Bull(all), RSI 71.7, MACD>0, close 238.16 well above POC 168.38 after an 11.6% catalyst day (Stellantis + earnings). Extended short-term, so wait for a controlled pullback into the breakout shelf rather than chasing.
Entry: 230-233 · Stop: 219 · T1: 248 (52w high) · T2: 260 · R:R: ~1:1.4 to 1:2.4
Confluence 5/5: trend + structure + momentum + volume-profile (>POC) + fundamental catalyst. POC far below = strong acceptance of higher prices.

2. CDNS — clean bull stack with RSI room
+4.2% into the 52w high (381.55), RSI a healthy 68.8 (room before overbought), Bull(all), close above POC 312.07.
Entry: 368-372 (Cam S3 / pivot pullback) or break >382 · Stop: 360 · T1: 392 · T2: 403 · R:R: ~1:1.7 to 1:2.6

3. AMD — semi leader, buy dips toward EMA reclaim
+4.0% on the Lisa Su CPU read-through, Bull(all), close 467.51 vs POC 293.89, just under 52w high 481.41. RSI 72.6 = extended, so favour a pullback entry.
Entry: 459-462 · Stop: 448 · T1: 481 (52w high) · T2: 498 · R:R: ~1:1.8 to 1:3.2

4. MRVL — fresh 52w high breakout
+3.0%, printed a new 52w high at 198.40, Bull(all), MACD line above signal and above zero. Strong long-term trend (EMA200 105 vs price 196).
Entry: 192-193 (pullback) or break >198.5 · Stop: 185 · T1: 199 · T2: 206 · R:R: ~1:1.6

5. TXN — analyst-upgrade continuation
+3.6% on a data-centre-power upgrade, Bull(all), RSI 71.8, close above POC 240.24, near 52w high 315.57.
Entry: 303-305 · Stop: 296 · T1: 315.5 (52w high) · T2: 322 · R:R: ~1:1.2 to 1:1.9



INTRADAY SETUPS (Pivot / Camarilla)

QCOM — Camarilla BREAKOUT (trend-day bias)
Only name where Cam S3-R3 (15.86) exceeds ATR (15.14) = wide range, breakout-friendly. Daily trend bullish.
Long trigger: break/hold >254.0 (Cam R4) · Stop: 246 · Target: 260-262 · Direction: LONG

AMD — Camarilla S3 range-fade LONG
Tight range (Cam S3-R3 10.84 vs ATR 25.24), bullish daily trend = buy the dip to the lower Cam band.
Entry: 462 (Cam S3) · Stop: 456 (below Cam S4) · Target: 470 (pivot) then 472 · Direction: LONG

TSLA — Pivot BOUNCE long
Closed dead on the classic pivot (426.01) in a Bull(all) stack, RSI 58.3 with room. Watch the open's resolution off the pivot.
Entry: reclaim/hold >426 · Stop: 420.5 (below Cam S1/classic S1) · T1: 429 (Cam R3) · T2: 431.5 (classic R1) · Direction: LONG

CDNS — Camarilla R4 BREAKOUT
At 52w high; a push through Cam R4 signals trend-day continuation.
Long trigger: >384.6 (Cam R4) · Stop: 379 (Cam R3) · Target: 392 · Direction: LONG

META — Camarilla R3 fade SHORT (counter to index)
The one mega-cap in a full death stack (RSI 45.3, MACD<0, below POC 615.98). Fade strength back into the Cam upper band. Half size — counter to the broad tape.
Entry: 612.4 (Cam R3) / into 615 POC · Stop: 615.5 (above Cam R4 / POC) · Target: 608 then 606 · Direction: SHORT



KEY LEVELS DASHBOARD — Top 5 Tradeable

QCOM (close 238.16)
Cam: S4 222.30 · S3 230.23 · S1 235.52 || R1 240.80 · R3 246.09 · R4 254.02
Classic: S3 191.72 · S2 202.95 · S1 220.55 · Pivot 231.78 · R1 249.38 · R2 260.61 · R3 278.21
EMA: 20=194.93 · 50=171.23 · 200=159.53 | POC 168.38
Prev day H/L: 243.00 / 214.17 | 52w H/L: 247.90 / 121.99

AMD (close 467.51)
Cam: S4 456.68 · S3 462.09 · S1 465.70 || R1 469.32 · R3 472.93 · R4 478.35
Classic: S3 439.31 · S2 450.51 · S1 459.01 · Pivot 470.21 · R1 478.71 · R2 489.91 · R3 498.41
EMA: 20=404.09 · 50=334.85 · 200=241.75 | POC 293.89
Prev day H/L: 481.41 / 461.71 | 52w H/L: 481.41 / 107.67

NVDA (close 215.24)
Cam: S4 211.82 · S3 213.53 · S1 214.67 || R1 215.81 · R3 216.95 · R4 218.66
Classic: S3 206.81 · S2 210.81 · S1 213.02 · Pivot 217.02 · R1 219.23 · R2 223.23 · R3 225.44
EMA: 20=214.62 · 50=203.18 · 200=183.57 | POC 193.53
Prev day H/L: 221.01 / 214.80 | 52w H/L: 236.54 / 129.16

AAPL (close 308.82)
Cam: S4 305.76 · S3 307.29 · S1 308.31 || R1 309.33 · R3 310.35 · R4 311.88
Classic: S3 300.41 · S2 303.13 · S1 305.97 · Pivot 308.69 · R1 311.53 · R2 314.25 · R3 317.09
EMA: 20=291.39 · 50=278.42 · 200=259.83 | POC 269.41
Prev day H/L: 311.40 / 305.84 | 52w H/L: 311.40 / 193.46

TSLA (close 426.01)
Cam: S4 419.96 · S3 422.99 · S1 425.00 || R1 427.02 · R3 429.04 · R4 432.06
Classic: S3 409.51 · S2 415.01 · S1 420.51 · Pivot 426.01 · R1 431.51 · R2 437.01 · R3 442.51
EMA: 20=411.23 · 50=401.29 · 200=393.89 | POC 388.96
Prev day H/L: 431.51 / 420.51 | 52w H/L: 498.83 / 273.21

(EMA9 not provided in the data feed; EMA 20/50/200 shown.)



BEARISH WARNINGS

INTU — Do not be fooled by today's +4.2%. Full death stack (close 319.94 vs EMA200 519.15), RSI 33.1, MACD -14.3, a brutal -60.7% from its 52w high, and below POC. The move came on 2.95x relative volume = an oversold dead-cat bounce, not a trend change. No long until it reclaims EMA20 (379) and MACD turns up.

REGN — Bear(all), RSI 31.6 (near oversold), MACD -26.0, -22.2% from highs, below POC 723. Falling knife; wait for a base.

PYPL — Bear(all), RSI 36.2, MACD<0, -44.4% from highs. Persistent downtrend, no reversal signal.

META — The only mega-cap in a full death stack: below EMA20/50/200, MACD<0, below POC 615.98. A relative-weakness short candidate against the index (see intraday).

Consumer/Internet cluster — BKNG, DASH, MELI, NFLX, ORLY, ABNB all in bear stacks below POC. Avoid longs here until structure repairs.

Overbought caution (not shorts, but manage risk): FTNT 88.2, CRWD 86.9, PANW 83.6, CSCO 80.8, AAPL 78.4. Strong trends, but chase entries here carry poor risk/reward — wait for pullbacks.



EVENTS CALENDAR

Mon 25 May: US markets CLOSED — Memorial Day (bond market also closed). No US session.
Tue 26 May: US markets reopen.
Thu 28 May (08:30 ET): BIG ONE — Q1 GDP 2nd estimate, Advance Durable Goods, Initial Jobless Claims, and Personal Income + the Core PCE deflator (the Fed's preferred inflation gauge). Expect volatility around 13:30 UK.
Macro backdrop: New Fed Chair Kevin Warsh sworn in (succeeds Powell); market-implied odds of an FOMC RATE HIKE are reportedly climbing — hawkish risk. 10Y yields eased today after hitting a 1-year high earlier in the week. Oil firm (WTI ~$98, Brent ~$105) on Iran / Strait of Hormuz supply worries; US-Iran peace talks ongoing. U.Mich consumer sentiment hit a new low. Goldman flagged correction risk from rising yields/inflation.
Earnings: Bulk of NAS100 mega-cap earnings are already past for the quarter; QCOM and WDAY reported into today's move. Watch for later-cycle reporters (semis/software) in early June — confirm individual dates before holding through prints.



Report: 22 May 2026 22:00 GMT · Generated from live NAS100 scanner data (40 constituents) + broad-market close. Index level partly derived (see overview). Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 (NAS100) DAILY TECHNICAL ANALYSIS
Thursday 21 May 2026 - US session close
Data: Close 21 May 2026 | NAS100: 29,357.27 | Change: +64.53 (+0.20%) | Range: 29,040.04 - 29,463.49



1. MARKET OVERVIEW
The NASDAQ 100 closed at 29,357.27, up +64.53 points (+0.20%), finishing near the upper third of a 29,040 - 29,463 session range - a resilient hold given a heavy single-stock drag. Internal breadth was constructive: 23 advancers vs 17 decliners, with 25 of 40 components above their 200-day EMA and 25 of 40 trading above their 60-day Point of Control.

Key drivers:
- SEMI STRENGTH - Nvidia's blow-out FY27 Q1 print (Wed: record $81.6bn revenue, +85% YoY, EPS $1.87 beat, fresh $80bn buyback, dividend lifted to $0.25) lit a fire under the chip complex. QCOM +5.38%, MU +4.11%, LRCX +3.47%, MRVL +2.08%.
- INTU COLLAPSE - Intuit cratered -20.0% on ~6x average volume after announcing a 17% workforce cut and soft TurboTax guidance (AI-disruption fears), despite a headline Q3 beat. The single biggest index drag of the day.
- MACRO HEADWIND - the US 10-year Treasury yield pressed to ~4.60% (around a one-year high) and WTI crude jumped ~3% toward ~$108, both classic pressure points for long-duration tech. NVDA itself gave back -1.77% in a textbook post-earnings 'sell-the-news'.
- POLICY - FOMC minutes (Wed) confirmed the Fed held at 3.50-3.75%. VIX 17.44 signals a calm, complacent tape.

Overall bias: CAUTIOUSLY BULLISH - the primary uptrend is intact and breadth leans positive, but leadership is narrowing to semis, short-term momentum is cooling (only 13 of 40 names have a positive MACD), and rising yields plus pockets of extreme overbought readings argue for selectivity rather than chasing.



2. TREND ANALYSIS
EMA stack / structure: 25 of 40 components remain above their 200-day EMA and 24 of 40 sit in a full bullish trend (close above EMA20, EMA50 and EMA200 simultaneously by the strict test). The index itself closed back above its rising classic pivot cluster (29,287) and just below the recent swing high zone (~29,463), keeping the higher-high / higher-low structure alive.

Phase: TRENDING - with a short-term consolidation overlay. The tape is grinding higher on rotation (chips leading, software/consumer digesting) rather than a broad melt-up. A daily close back above 29,463 (today's high) opens 29,710 then 29,957; failure to hold 29,110 (pivot S1) would shift the near-term tone to consolidation toward 28,863.



3. INDICATOR SIGNALS
RSI(14): component median 56.1 (mean 56.7) - moderately positive, not stretched at the index level. 5 names overbought (>=70: AAPL, CSCO, PANW, CRWD, FTNT), only 1 oversold (INTU 28.6). Cybersecurity is the most extended pocket on the board.

MACD: COOLING - only 13 of 40 components carry a positive MACD histogram. Trend is up but the momentum oscillator is rolling over short-term across most mega-caps (NVDA, MSFT, GOOGL all printing MACD line below signal). Watch for a re-cross to confirm the next leg.

Volume: Index-wide relative volume was light (most names < 1.0x). The notable exceptions were event-driven: INTU 6.07x (capitulation), WDAY 1.86x and ADI 1.30x (earnings/news). Light volume on an up day = follow-through still to be proven.



4. KEY NAS100 INDEX LEVELS
Resistance:
- R1 29,534 - today's high shelf / first hurdle (classic R1)
- R2 29,710 - measured-move extension
- R3 29,957 - psychological 30,000 magnet sits just above

Support:
- S1 29,110 - first defence (classic S1), must hold to keep the bid
- S2 28,863 - prior breakout / value shelf
- S3 28,687 - deeper trend support

Classic pivots (next session): S2 28,863 - S1 29,110 - P 29,287 - R1 29,534 - R2 29,710
Round-number psych levels: 29,000 (support) - 30,000 (the line in the sand for bulls)



5. NASDAQ COMPONENT SIGNALS (by sector)
Mega-cap Tech
AAPL +0.91% | BULL all | RSI 76 OB | MACD+ | -0.2% 52wH | >POC
MSFT -0.47% | BULL 20/50 | RSI 55 | MACD- | -24.5% 52wH | >POC
NVDA -1.77% | BULL all | RSI 58 | MACD- | -7.2% 52wH | >POC
AMZN +1.30% | BULL all | RSI 61 | MACD- | -3.6% 52wH | >POC
META +0.38% | BEAR all | RSI 44 | MACD- | -23.7% 52wH | <POC
GOOGL -0.32% | BULL all | RSI 62 | MACD- | -5.1% 52wH | >POC
TSLA +0.14% | BULL all | RSI 55 | MACD- | -16.2% 52wH | >POC

Semiconductors
AVGO -0.76% | BULL all | RSI 53 | MACD- | -6.3% 52wH | >POC
AMD +0.45% | BULL all | RSI 70 | MACD- | -4.2% 52wH | >POC
QCOM +5.38% | BULL all | RSI 65 | MACD- | -13.9% 52wH | >POC
TXN -2.13% | BULL all | RSI 67 | MACD- | -3.8% 52wH | >POC
AMAT +0.12% | BULL all | RSI 56 | MACD- | -4.7% 52wH | >POC
MU +4.11% | BULL all | RSI 67 | MACD- | -6.9% 52wH | >POC
LRCX +3.47% | BULL all | RSI 63 | MACD- | -0.3% 52wH | >POC
KLAC +0.69% | BULL all | RSI 56 | MACD- | -5.0% 52wH | >POC
ADI -3.48% | MIXED | RSI 45 | MACD- | -11.8% 52wH | >POC
MRVL +2.08% | BULL all | RSI 69 | MACD- | -2.0% 52wH | >POC

Software / Cloud
ADBE -3.66% | BEAR all | RSI 47 | MACD+ | -42.3% 52wH | <POC
INTU -20.02% | BEAR all | RSI 29 OS | MACD- | -62.3% 52wH | <POC
PANW +2.54% | BULL all | RSI 82 OB | MACD+ | -0.1% 52wH | >POC
SNPS +1.01% | BULL all | RSI 61 | MACD- | -22.7% 52wH | >POC
CDNS +2.16% | BULL all | RSI 63 | MACD- | -4.8% 52wH | >POC
CRWD -0.29% | BULL all | RSI 86 OB | MACD+ | -1.7% 52wH | >POC
FTNT -0.42% | BULL all | RSI 87 OB | MACD+ | -0.7% 52wH | >POC
WDAY -3.76% | BEAR all | RSI 47 | MACD+ | -55.5% 52wH | <POC
CSCO +3.37% | BULL all | RSI 80 OB | MACD+ | -1.0% 52wH | >POC

Consumer / Internet
COST -2.19% | BULL all | RSI 57 | MACD+ | -4.2% 52wH | >POC
NFLX +1.37% | BEAR all | RSI 46 | MACD+ | -33.4% 52wH | <POC
TMUS +0.39% | BEAR all | RSI 46 | MACD+ | -27.0% 52wH | <POC
BKNG +1.74% | BEAR all | RSI 42 | MACD- | -31.6% 52wH | <POC
MELI +1.62% | BEAR all | RSI 48 | MACD- | -36.6% 52wH | <POC
MAR +0.22% | BULL all | RSI 63 | MACD+ | -2.5% 52wH | >POC
ABNB -0.96% | BEAR 20/50 | RSI 47 | MACD- | -8.8% 52wH | <POC
DASH -0.91% | BEAR all | RSI 46 | MACD- | -44.2% 52wH | <POC
PYPL -0.17% | BEAR all | RSI 36 | MACD- | -44.3% 52wH | <POC
ORLY +0.13% | MIXED | RSI 50 | MACD- | -15.1% 52wH | <POC

Healthcare / Biotech
ISRG -2.06% | BEAR all | RSI 45 | MACD+ | -27.2% 52wH | <POC
REGN -1.10% | BEAR all | RSI 32 | MACD- | -21.7% 52wH | <POC

Industrial / Other
LIN +1.56% | BULL all | RSI 58 | MACD+ | -1.3% 52wH | >POC
CEG +1.62% | BEAR all | RSI 48 | MACD- | -30.7% 52wH | <POC



6. SECTOR READ
- Semiconductors - LEADER: 8 of 10 in full bull trend, riding the NVDA halo. QCOM/MU/LRCX/MRVL the momentum stars; only ADI (-3.48%) and TXN (-2.13%) lagged on profit-taking.
- Mega-cap Tech - MIXED/NARROW: AAPL (52w high) and AMZN carrying the flag; NVDA digesting earnings; META the clear laggard (BEAR all, -23.7% from highs).
- Software / Cloud - BIFURCATED: cybersecurity (CRWD, PANW, FTNT) and EDA (SNPS, CDNS) strong but overbought; INTU, WDAY, ADBE all in full downtrends after weak guidance.
- Consumer / Internet - LAGGARD: majority below trend (BKNG, NFLX, MELI, DASH, PYPL, TMUS all BEAR). COST and MAR the bright spots.
- Healthcare / Biotech - WEAKEST: ISRG and REGN both in downtrends; REGN nearing oversold (RSI 32).
- Industrial / Other: LIN (BULL all, near 52w high) defensive strength; CEG soft (BEAR all).



7. TOP SWING TRADE SETUPS
QCOM - Semi breakout (LONG)
Surged +5.38%, BULL all, far above POC 166.45. Pullback-buy the breakout.
Entry: 209-212 (pivot 208.34 / Cam S1 211.91) · Stop: 199 · T1: 224.75 · T2: 235.49 · R:R: 1:2.0
Confluence: NVDA-driven chip bid, MACD turning, close > all EMAs; POC 166 confirms deep value support below.

MU - Memory momentum (LONG)
+4.11%, BULL all, RSI 66.9, above POC 502.66. Continuation toward range highs.
Entry: 745-753 (pivot 753 / Cam S4 744) · Stop: 718 · T1: 785.77 · T2: 806.63 · R:R: 1:1.8
Confluence: sector leadership, EMA20 663 rising, structure of higher highs; POC well below = trend firmly up.

LRCX - 52-week-high breakout (LONG)
Closed at its 52w high (303.18), BULL all, RSI 62.6 (room to run).
Entry: breakout > 303.20 (or pullback 299 pivot) · Stop: 294.97 · T1: 310.45 · T2: 317.73 · R:R: 1:1.7
Confluence: fresh high on a leader sector, MACD bull, above POC 246; no overhead supply.

MRVL - Trend continuation (LONG)
+2.08%, BULL all, near 52w high (-2%). RSI 69 - manage size, not yet OB.
Entry: 188-190 (Cam S2 189.52 / S1 190.11) · Stop: 181.35 · T1: 194.58 · T2: 200.49 · R:R: 1:1.5
Confluence: chip momentum, EMA20 168 rising, POC 127 far below; break of 194.58 (52w high) unlocks T2.

AMZN - Mega-cap pullback (LONG)
+1.30%, BULL all, RSI 60.8, above POC 235.77. Buy dips while trend holds (note MACD still below signal).
Entry: 263-266 (S1 263.39 / pivot 266.44) · Stop: 258 · T1: 274.56 · T2: 279.63 · R:R: 1:1.9
Confluence: mega-cap leadership, 52w high 278.56 aligns with T2; reclaim of MACD signal would add conviction.



8. INTRADAY SETUPS (pivot & Camarilla)
AMZN - Pivot bounce (LONG)
Uptrend intact. Buy a dip into classic S1 263.39 / Cam S2 266.97.
Entry: 263.4-267.0 · Stop: 258.3 (< S2) · Target: pivot 266.44 -> R1 271.51 · Dir: Long

TXN - Camarilla range fade
Tight Cam band defines a clean range after a -2.13% pullback (still BULL all).
Entry: long ~296.1 (Cam S3) · Stop: 293.8 (< Cam S4) · Target: pivot 298.75 -> Cam R3 300.67 · Dir: Range-long
Fade the other side: short Cam R3 300.67, stop > Cam R4 302.95.

AAPL - Camarilla breakout (LONG)
At 52w high (305.54), RSI 76 - momentum chase only on confirmed break.
Entry: > 307.82 (Cam R4) · Stop: 304.0 (< pivot) · Target: R2 308.78 -> R3 312.03 · Dir: Breakout-long

NVDA - Pivot rejection (SHORT, intraday)
Closed -1.77% below classic pivot 221.61, MACD crossed bearish - post-earnings fade in play.
Entry: < 218.64 (Cam S1) · Stop: 222.0 (> pivot) · Target: S1 215.83 -> Cam S4 214.30 / EMA20 214.55 · Dir: Short
Note: EMA20 214.55 + Cam S4 214.30 is strong support - cover into that zone, possible bounce-long.

LIN - Camarilla breakout (LONG)
BULL all, defensive leader near 52w high (521.28).
Entry: > 520.44 (Cam R4) · Stop: 513.5 (< Cam S1) · Target: 521.28 (52w high) -> 523.04 (R2) · Dir: Breakout-long



9. KEY LEVELS DASHBOARD (top 5 tradeable)
QCOM (close 213.41, +5.38%)
Cam: S4 204.38 · S3 208.9 · S1 211.91 || R1 214.91 · R3 217.92 · R4 222.44
Classic: S3 186.26 · S2 191.93 · S1 202.67 || P 208.34 || R1 219.08 · R2 224.75 · R3 235.49
EMA: 20 190.38 · 50 168.49 · 200 158.74 | POC 166.45
Prev session H/L: 214.01 / 197.6 | 52w H/L: 247.9 / 121.99

MU (close 762.10, +4.11%)
Cam: S4 744.12 · S3 753.11 · S1 759.1 || R1 765.1 · R3 771.09 · R4 780.09
Classic: S3 708.53 · S2 720.37 · S1 741.23 || P 753.07 || R1 773.93 · R2 785.77 · R3 806.63
EMA: 20 663.73 · 50 555.4 · 200 362.17 | POC 502.66
Prev session H/L: 764.9 / 732.2 | 52w H/L: 818.67 / 90.93

AAPL (close 304.99, +0.91%)
Cam: S4 302.16 · S3 303.58 · S1 304.52 || R1 305.46 · R3 306.4 · R4 307.82
Classic: S3 296.61 · S2 298.5 · S1 301.75 || P 303.64 || R1 306.89 · R2 308.78 · R3 312.03
EMA: 20 289.55 · 50 277.17 · 200 259.34 | POC 268.81
Prev session H/L: 305.54 / 300.4 | 52w H/L: 305.54 / 193.46

NVDA (close 219.51, -1.77%)
Cam: S4 214.3 · S3 216.91 · S1 218.64 || R1 220.38 · R3 222.11 · R4 224.72
Classic: S3 206.36 · S2 212.14 · S1 215.83 || P 221.61 || R1 225.3 · R2 231.08 · R3 234.77
EMA: 20 214.55 · 50 202.69 · 200 183.25 | POC 192.94
Prev session H/L: 227.4 / 217.93 | 52w H/L: 236.54 / 129.16

LRCX (close 302.24, +3.47%)
Cam: S4 295.98 · S3 299.11 · S1 301.2 || R1 303.28 · R3 305.37 · R4 308.5
Classic: S3 283.59 · S2 287.69 · S1 294.97 || P 299.07 || R1 306.35 · R2 310.45 · R3 317.73
EMA: 20 279.83 · 50 260.42 · 200 199.28 | POC 246.22
Prev session H/L: 303.18 / 291.8 | 52w H/L: 303.18 / 79.49



10. BEARISH WARNINGS
- INTU - -20.0% on 6x volume; BEAR all, MACD deeply negative (-10.33). RSI 28.6 oversold = falling-knife risk, no clean reversal signal yet. Avoid catching.
- WDAY - -3.76% post-earnings, BEAR all, sitting just above 52w low (110.36) on 1.86x volume. Momentum broken.
- ADBE - -3.66%, BEAR all, -42% from 52w high; trapped under EMA20/50/200.
- REGN - BEAR all, RSI 32.3 (nearing oversold), MACD deteriorating (-24.65 vs -17.48). Healthcare weakest group.
- DASH / MELI / PYPL - all BEAR all with negative MACD; consumer-internet structurally weak (PYPL -44%, DASH -44%, MELI -37% from highs).
- ADI - -3.48%, MIXED trend with MACD rolling over (11.16 < 16.41) - the chip laggard, watch for loss of 377 (S1).

Overbought / mean-reversion risk: CRWD (RSI 86), FTNT (87), PANW (82), CSCO (80), AAPL (76) - strong trends but stretched; trail stops, do not initiate fresh longs at extremes.



11. EVENTS CALENDAR
Just reported (this week): NVDA (Wed, blow-out beat), INTU (Wed, -20% guide-down), WDAY (Thu, today).
Upcoming earnings - tracked names: COST - Thu 28 May (watch after today's -2.19% profit-take); MRVL & CRWD - expected early June (chip + cyber bellwethers).
Macro / Fed: FOMC minutes released Wed 20 May (held 3.50-3.75%, Powell's final meeting as Chair - leadership transition is a watch item). Friday 22 May: S&P Global Flash PMIs (mfg & services) and Existing Home Sales are the typical late-month fixtures - confirm on your calendar.
Cross-asset to watch: US 10-year yield ~4.60% (one-year high) and WTI ~$108 - further rises in either are the main near-term threat to the tech bid.



Report: 21 May 2026 21:58 GMT · Generated from live NAS100 scanner (40 components) + market data. · Not financial advice. Always DYOR. Capital at risk.

NAS100 (NASDAQ 100) DAILY TECHNICAL ANALYSIS — Wednesday 20 May 2026
Data: Close 20 May 2026 · NAS100: ~29,260 · Change: +442 (+1.53%) · Range: 29,080 - 29,340 (NQ futures)
Context: Nasdaq Composite +1.54% (26,270) · S&P 500 +1.08% (7,433) · Dow +1.31% (50,009) · VIX ~17 · WTI -5% to $99



MARKET OVERVIEW

The Nasdaq 100 rebounded hard after three straight down days, the cash index recovering roughly +1.5% to around 29,260 with NQ futures pushing to a 29,340 high. Breadth was strongly positive across the 40 tracked components: 32 advancers vs 8 decliners, average daily move +1.98%.

Key drivers: Falling oil (WTI -5% to $99 on hopes of a US-Iran de-escalation) and easing 10-year Treasury yields revived risk appetite. The session was led by AI hardware — semiconductors and high-beta software did the heavy lifting ahead of the main event.

THE catalyst: NVIDIA reported AFTER the close. Headline numbers beat — EPS $1.87 vs $1.78 expected, revenue $81.6bn vs ~$79.2bn — but the after-hours reaction was muted to slightly negative as the sales forecast did not clear the highest bar bulls had hoped for. NVDA is the heaviest single weight in the index, so the after-hours read-through is the dominant variable for tomorrow's open.

Overall bias: BULLISH but event-driven — the trend structure is up and the bounce was broad, but tomorrow gaps on NVDA guidance and the FOMC minutes, so position sizing should respect headline risk.



TREND ANALYSIS

EMA stack (index): Price is comfortably above the rising 200-EMA (long-term uptrend intact) and reclaimed the 20- and 50-EMA on today's bounce after briefly losing them during the three-day pullback. Bullish alignment restored.

Component breadth confirms the stack:
- Above EMA20: 27/40 (68%)
- Above EMA50: 27/40 (68%)
- Above EMA200: 25/40 (62%)
- Full bull stack (above all three): 23/40
- Full bear stack (below all three): 11/40
- Close above POC (60-day VWAP): 27/40

Market structure: Higher-low sequence held — the three-day dip bottomed above the prior swing low and today printed a strong recovery candle. The index is back in the upper third of its multi-week range, knocking on the 29,340 / 29,500 resistance shelf.

Phase: Uptrend resuming after a controlled pullback — but the very next session is a binary event window (NVDA + Fed), so treat this as a "trend with a gap risk" rather than a clean continuation.



INDICATOR SIGNALS

RSI (14): Index RSI back to the mid-50s — neutral-to-bullish, plenty of room before overbought. Component average RSI 57.2. Watch: 6 names already overbought (FTNT 88, CRWD 86.6, PANW 80.3, CSCO 76.8, AAPL 74.4, TXN 74) — leadership is getting stretched. Zero oversold names.

MACD: Here is the day's main divergence. Price snapped back hard, but momentum lags — only 15 of 40 components have the MACD line above signal. Many names bounced in price while their MACD histograms are still negative from the pullback. The index MACD histogram is flattening and trying to curl up, but a clean bullish crossover is NOT yet confirmed. Translation: today was a sharp mean-reversion bounce; follow-through needs the momentum indicators to catch up.

Volume: Relative volume was broadly normal (most names 0.7-1.1x average) — the bounce was not driven by an institutional volume surge, which slightly tempers conviction. ADI was the volume standout at 2.5x on a -3.9% down day.



KEY NAS100 INDEX LEVELS

Resistance
- R1 29,340-29,350 · today's high / NQ futures high — first ceiling
- R2 29,500 · round-number psychological level
- R3 30,000 · major psychological level + prior high zone

Support
- S1 29,000-29,126 · today's breakout base / classic S1 (prior 28,994 shelf)
- S2 28,818 · 19 May close
- S3 28,400-28,500 · 50-EMA zone — trend line in the sand

Classic pivots (for 21 May):
S2 28,993 · S1 29,126 · Pivot 29,213 · R1 29,346 · R2 29,433

Round numbers: 29,000 (must-hold support) · 29,500 · 30,000 (the big one)



NASDAQ COMPONENT SIGNALS — ALL 40
Format: Ticker · Trend (strict EMA) · RSI zone · MACD · daily % · % from 52w high · vs POC

Mega-cap Tech
AAPL Bull(all) RSI 74 OB MACD Bull +1.10% -0.3% Above POC
MSFT Bull(20/50) RSI 56 MACD Bear +0.87% -24.2% Above POC
NVDA Bull(all) RSI 62 MACD Bull +1.30% -5.5% Above POC
AMZN Bull(all) RSI 58 MACD Bear +2.19% -4.9% Above POC
META Bear(all) RSI 43 MACD Bear +0.41% -24.0% Below POC
GOOGL Bull(all) RSI 63 MACD Bear +0.32% -4.8% Above POC
TSLA Bull(all) RSI 55 MACD Bear +3.25% -16.4% Above POC

Semiconductors
AVGO Bull(all) RSI 55 MACD Bear +1.63% -5.6% Above POC
AMD Bull(all) RSI 70 MACD Bear +8.10% -4.6% Above POC
QCOM Bull(all) RSI 61 MACD Bear +3.55% -18.3% Above POC
TXN Bull(all) RSI 74 OB MACD Bear +0.85% -1.7% Above POC
AMAT Bull(all) RSI 56 MACD Bear +4.90% -4.8% Above POC
MU Bull(all) RSI 64 MACD Bear +4.76% -10.6% Above POC
LRCX Bull(all) RSI 59 MACD Bear +6.84% -3.3% Above POC
KLAC Bull(all) RSI 55 MACD Bear +5.11% -5.7% Above POC
ADI Mixed RSI 51 MACD Bear -3.92% -8.6% Above POC
MRVL Bull(all) RSI 68 MACD Bear +5.97% -3.4% Above POC

Software / Cloud
ADBE Bull(20/50) RSI 54 MACD Bull -0.64% -40.1% Above POC
INTU Bear(all) RSI 45 MACD Bull -3.95% -52.8% Below POC
CSCO Bull(all) RSI 77 OB MACD Bull -0.89% -4.2% Above POC
PANW Bull(all) RSI 80 OB MACD Bull +2.72% -1.3% Above POC
SNPS Bull(all) RSI 59 MACD Bear +1.02% -23.4% Above POC
CDNS Bull(all) RSI 59 MACD Bear +3.78% -6.8% Above POC
CRWD Bull(all) RSI 87 OB MACD Bull +5.39% -0.1% Above POC
FTNT Bull(all) RSI 88 OB MACD Bull +1.85% -0.3% Above POC
WDAY Mixed RSI 52 MACD Bull -2.09% -53.9% Below POC
PYPL Bear(all) RSI 37 MACD Bear +1.24% -44.2% Below POC

Consumer / Internet
COST Bull(all) RSI 66 MACD Bull -1.86% -2.1% Above POC
NFLX Bear(all) RSI 42 MACD Bull -1.39% -34.3% Below POC
TMUS Bear(all) RSI 46 MACD Bull -1.69% -27.3% Below POC
BKNG Bear(all) RSI 38 MACD Bear +1.56% -32.8% Below POC
MELI Bear(all) RSI 45 MACD Bear +3.53% -37.6% Below POC
MAR Bull(all) RSI 63 MACD Bull +3.08% -2.7% Above POC
ABNB Mixed RSI 49 MACD Bear +3.35% -7.9% Above POC
DASH Bear(all) RSI 47 MACD Bear +3.93% -43.7% Below POC
ORLY Bear(all) RSI 49 MACD Bear +0.33% -15.2% Below POC

Healthcare / Biotech
ISRG Mixed RSI 50 MACD Bull +1.69% -25.6% Below POC
REGN Bear(all) RSI 34 MACD Bear +3.09% -20.9% Below POC

Industrial / Other
LIN Bull(all) RSI 53 MACD Bull +0.11% -2.8% Above POC
CEG Bear(all) RSI 45 MACD Bear +7.90% -31.8% Below POC



SECTOR GROUPING

Semiconductors — LEADERS. The strongest group on the board. 10 of 11 in a full bull stack, AMD +8.1%, LRCX +6.8%, MRVL +6.0%, KLAC +5.1%, AMAT +4.9%, MU +4.8%. The only laggard was ADI (-3.9% on heavy volume). This is where the index strength is coming from.

Mega-cap Tech — broadly constructive. AAPL, NVDA, AMZN, GOOGL, TSLA all bull-stacked. AAPL printing fresh highs (-0.3% from 52w high). The two soft spots: MSFT (below 200-EMA, -24% from highs) and META (full bear stack, -24% from highs) are the structural laggards of the group.

Software / Cloud — split. Security and quality names lead and are overbought (CRWD, FTNT, PANW, CSCO), while INTU (-3.95%, -52.8% from highs) and WDAY (-2.1%, -53.9%) are deep in the doghouse. PYPL remains a full bear stack.

Consumer / Internet — laggard group. Mostly bearish: BKNG, MELI, DASH, NFLX, TMUS, ORLY all below their key EMAs and POC despite some bouncing today. Only COST and MAR hold bull stacks.

Healthcare/Biotech & Industrial/Other — weak. REGN (bear, RSI 34), ISRG (mixed) lagging; CEG ripped +7.9% but remains a full bear stack 31.8% off its high — a dead-cat bounce candidate. LIN is the lone steady bull.



TOP SWING TRADE SETUPS

1. AAPL — mega-cap breakout to all-time highs
Full bull stack, MACD bullish crossover, closed 302.25 right under the 52w high of 303.20. Cleanest large-cap breakout on the board.
Entry: 299-301 pullback OR break >303.2 · Stop: 293 · T1: 312 · T2: 320 · R:R: ~1:1.3
Why: EMA stack 288/276/259 all rising and stacked beneath price; close well above POC 268. Confluence of trend + momentum + breakout.

2. MU — semis leader with the most headroom
Full bull stack, +4.76%, RSI 64 (not overbought), closed 731.99 vs 52w high 818.67 — most upside room of the strong semis.
Entry: 718-725 pullback · Stop: 690 · T1: 765 · T2: 800 · R:R: ~1:1.6
Why: Close miles above POC 498 and EMA50 547; semis are the index leadership group. ATR ~50 gives room — size accordingly.

3. LRCX — semi-cap breakout pressing 52w high
Full bull stack, +6.84%, closed 292.09 just under 52w high 302.
Entry: 288-290 OR break >302 · Stop: 274 · T1: 302 · T2: 320 · R:R: ~1:1.4
Why: Close above POC 245 and all EMAs; RSI 59 leaves momentum room. Cam R4 breakout trigger sits at 300.95.

4. PANW — cybersecurity breakout at 52w high
Full bull stack, strong MACD (line 19.6 > signal 15.0, rising histogram), closed 246.66 at the 52w high of 250.
Entry: 240-243 pullback OR break >250 · Stop: 230 · T1: 258 · T2: 270 · R:R: ~1:1.4
Why: Best MACD momentum of the breakout names. Caveat: RSI 80 is overbought — prefer the pullback entry, don't chase.

5. CRWD — momentum leader (handle with care)
Full bull stack, strongest MACD histogram on the board (+13.5), closed 650.11 at the 52w high of 651 — new highs.
Entry: 630-636 pullback ONLY · Stop: 612 · T1: 685 · T2: 720 · R:R: ~1:1.5
Why: Best raw momentum, but RSI 86.6 is extremely overbought. This is a buy-the-dip, never-chase setup. Cam R4 trigger 670.43.



INTRADAY SETUPS

Pivot Bounce — NVDA (event-dependent)
Closed 223.47 right on its classic pivot 223.37, bull stack. Long above pivot targeting R1 226.23, stop below S1 220.60. MAJOR CAVEAT: earnings released after close — only valid if the after-hours gap settles back near pivot. If it gaps and runs, stand aside and let the new range form.

Pivot Bounce — GOOGL
Closed 388.91 on pivot 388.56, bull stack, RSI 63. Long above pivot · Target: R1 394.21 · Stop: S1 383.25. Clean trend-aligned pivot reclaim.

Pivot Bounce — AVGO
Closed 417.76 sitting exactly on pivot 417.78, bull stack. Long on hold of pivot · Target: R1 424.15 · Stop: S1 411.40.

Pivot Bounce — TXN
Closed 304.88 above pivot 303.19, bull stack (RSI 74 OB). Long while above pivot · Target: R1 307.43 · Stop: S1 300.64. Tight — for nimble intraday only.

Camarilla Breakout watch — momentum names
No component closed beyond its Cam R4/S4 today (normal-range closes despite the +2% tape). Tomorrow's upside trigger levels: AMD 460.42 · MU 751.25 · LRCX 300.95 · CRWD 670.43 · MRVL 192.87. A clean break and hold above Cam R4 signals a trend day in that name.

Range fade — ABNB
Mixed trend, bounced +3.35% but still capped below EMA200. Cam range S3 / R3 favours a fade-the-extremes approach until it reclaims the 200-EMA — sell strength into resistance rather than chasing.



KEY LEVELS DASHBOARD — TOP 5 TRADEABLE

NVDA close 223.47 (H 226.13 / L 220.50)
Cam: S4 220.37 · S3 221.92 · S1 222.95 || R1 223.99 · R3 225.02 · R4 226.57
Classic: S3 214.97 · S2 217.74 · S1 220.60 | P 223.37 | R1 226.23 · R2 229.00 · R3 231.86
EMA20 214.03 · EMA50 202.01 · EMA200 182.88 · POC 192.34
Prev H/L 226.13 / 220.50 · 52wH 236.54 · 52wL 129.16

AMD close 447.58 (H 449.39 / L 426.05)
Cam: S4 434.74 · S3 441.16 · S1 445.44 || R1 449.72 · R3 454.00 · R4 460.42
Classic: S3 409.28 · S2 417.67 · S1 432.62 | P 441.01 | R1 455.96 · R2 464.35 · R3 479.30
EMA20 391.93 · EMA50 324.54 · EMA200 237.37 · POC 286.47
Prev H/L 449.39 / 426.05 · 52wH 469.22 · 52wL 107.67

AAPL close 302.25 (H 302.80 / L 298.08)
Cam: S4 299.65 · S3 300.95 · S1 301.82 || R1 302.68 · R3 303.55 · R4 304.85
Classic: S3 294.57 · S2 296.32 · S1 299.29 | P 301.04 | R1 304.01 · R2 305.76 · R3 308.73
EMA20 287.93 · EMA50 276.04 · EMA200 258.88 · POC 268.28
Prev H/L 302.80 / 298.08 · 52wH 303.20 · 52wL 193.46

MU close 731.99 (H 735.68 / L 700.66)
Cam: S4 712.73 · S3 722.36 · S1 728.78 || R1 735.20 · R3 741.62 · R4 751.25
Classic: S3 674.85 · S2 687.76 · S1 709.87 | P 722.78 | R1 744.89 · R2 757.80 · R3 779.91
EMA20 653.37 · EMA50 546.96 · EMA200 358.15 · POC 497.99
Prev H/L 735.68 / 700.66 · 52wH 818.67 · 52wL 90.93

CRWD close 650.11 (H 651.00 / L 614.06)
Cam: S4 629.79 · S3 639.95 · S1 646.72 || R1 653.50 · R3 660.27 · R4 670.43
Classic: S3 588.84 · S2 601.45 · S1 625.78 | P 638.39 | R1 662.72 · R2 675.33 · R3 699.66
EMA20 534.31 · EMA50 480.35 · EMA200 453.20 · POC 438.17
Prev H/L 651.00 / 614.06 · 52wH 651.00 · 52wL 342.72



BEARISH WARNINGS

These names bounced today but remain structurally broken — full bear stacks with bearish MACD. Treat rallies as suspect:

META — full bear stack, below 200-EMA (646), MACD line below signal, -24% from highs. The weakest mega-cap.
CEG — +7.9% today but a full bear stack 31.8% off its high with deteriorating MACD. Classic dead-cat bounce profile.
MELI — deeply negative MACD (-54.2 vs -40.7), -37.6% from highs. Bounce inside a downtrend.
REGN — RSI 34, MACD -23.0/-15.7, below 200-EMA (713). Biotech weakness persists.
DASH / PYPL / BKNG / NFLX / TMUS / ORLY — all full bear stacks below POC. Avoid longs until they reclaim their EMAs.
INTU / WDAY — the two worst performers today (-3.95% / -2.09%), both 50%+ off their highs. No bottoming signal yet.



EVENTS CALENDAR

Tonight (after close, 20 May): NVIDIA (NVDA) earnings — REPORTED. Beat (EPS $1.87 vs $1.78; rev $81.6bn vs ~$79.2bn) but muted-to-soft after-hours reaction on guidance. Dominant driver for tomorrow's index open.

Thursday 21 May:
- FOMC Minutes (April meeting) — first set under new Chair Kevin Warsh; prior decision was an 8-4 hold with the highest dissent in decades. Watch for the policy-tilt language.
- Initial Jobless Claims, 13:30 BST — est 218K (prev 222K)
- Continuing Claims + Philadelphia Fed Manufacturing Survey

Component earnings on watch: Software/retail names (WDAY, INTU already moving on guidance fears) into late May. Check the RNS/earnings wire before holding single-stock swing positions over a print.

Macro backdrop: Oil direction (US-Iran headlines) and the 10-year yield remain the two macro levers swinging risk appetite day to day.



GAME PLAN SUMMARY

Trend is up and the bounce was broad, but momentum (MACD breadth 15/40) has not yet confirmed and tomorrow is a binary event window (NVDA + Fed minutes). Bullish bias above 29,000; a sustained break of 29,340 opens 29,500 then 30,000. Lose 28,818 and the 50-EMA zone (28,400-28,500) is the next test. Lean long with the leaders (semis, AAPL, quality cyber on pullbacks), avoid the broken consumer/internet names, and keep size light into the NVDA gap.


Report: 20 May 2026 21:55 GMT · Not financial advice. Always DYOR. Capital at risk.

NAS100 Daily Technical Analysis — Tuesday 19 May 2026
Data: Close 19 May 2026 | NAS100: ~28,703 | Change: -291 pts (-1.00%) | Range: ~28,650-28,920 | VIX: 17.82



MARKET OVERVIEW

The Nasdaq 100 closed its third consecutive losing session as a sharp spike in long-end Treasury yields pressured growth and high-multiple names. The 30-year US yield briefly topped 5.19% — its highest level in nearly 19 years — and the 10-year stretched to ~4.69%, materially raising the discount rate on long-duration tech cashflows. AI-infrastructure plays extended their pullback after reports that OpenAI missed internal targets for both weekly users and revenue, reigniting questions about the sustainability of hyperscaler capex.

Key drivers: (1) Long-end yield breakout to 19-year highs, (2) AI capex sustainability concerns after OpenAI's internal miss, (3) Iran/Strait of Hormuz headlines pushing oil higher and feeding inflation fears, (4) Pre-positioning ahead of NVIDIA earnings (Wed 20 May, after close).

Bias: BEARISH-NEUTRAL short-term — NDX is rolling over from its 28,990 swing high but the longer-term EMA stack on most components remains intact. Treat current weakness as a controlled pullback, not a regime change, until NVDA prints.



TREND ANALYSIS

EMA stack (NDX): Price is now testing the rising EMA20 zone (~28,700) after three down days, with EMA50 stepping up from ~28,150 and EMA200 well below near 26,000. Stack remains bullish on the daily but momentum has flattened.

Market structure: Recent swing produced a lower high at 28,994 versus the prior peak — first sign of structural fatigue. Bulls need to defend 28,500-28,600 to keep the higher-low sequence intact. A daily close under 28,300 would confirm a short-term structural break.

Phase: Late-stage pullback inside an uptrend. Range character likely until NVDA delivers a catalyst.



INDICATOR SIGNALS

RSI (14): NDX daily RSI estimated in the high-40s / low-50s — fully neutralised after the pullback, no oversold cushion yet. Bearish divergence visible: price made a new local high while RSI failed to confirm.

MACD: Daily MACD line has rolled under the signal line with the histogram printing red and expanding — classic deceleration signal. Zero-line cross is the next downside trigger.

Volume: Three-session sell-off has come on average-to-elevated volume — distribution character rather than light profit-taking. Until we see a high-volume reversal candle, dips should be treated as continuation risk.



KEY NAS100 INDEX LEVELS

Resistance:
- 28,994 — 18 May swing high / first reaction ceiling
- 29,200-29,300 — extension zone / round number psychology at 29,000
- 29,750 — measured move objective if AI bid returns post-NVDA

Support:
- 28,500 — daily EMA20 / first defended shelf
- 28,150 — daily EMA50 / prior breakout retest
- 27,600 — May low cluster / must-hold for bulls

Classic pivots (est.): S2 28,400 · S1 28,560 · Pivot 28,820 · R1 28,980 · R2 29,240
Round numbers: 28,500 / 29,000 / 29,500



NASDAQ COMPONENT SIGNALS — 40 STOCKS

Trend uses strict EMA test: close vs EMA20, EMA50, EMA200. "Bull All" = above all three. "Bear All" = below all three. POC: A = close above 60-day VWAP, B = below.

Mega-cap Tech (7) — avg day -1.30%, 4 bull / 1 bear
AAPL · Bull All · RSI 72.2 OB · MACD Bull · 52wH -1.4% · Ch +0.38% · POC A · 298.97
MSFT · Bull 20/50 · RSI 54.2 · MACD Bear · 52wH -24.9% · Ch -1.44% · POC A · 417.42
NVDA · Bull All · RSI 59.9 · MACD Bull · 52wH -6.7% · Ch -0.77% · POC A · 220.61
AMZN · Mixed · RSI 51.9 · MACD Bear · 52wH -6.9% · Ch -2.08% · POC A · 259.34
META · Bear All · RSI 41.5 · MACD Bear · 52wH -24.3% · Ch -1.41% · POC B · 602.61
GOOGL · Bull All · RSI 62.1 Strong · MACD Bear · 52wH -5.1% · Ch -2.34% · POC A · 387.66
TSLA · Mixed · RSI 50.3 · MACD Bull · 52wH -19.0% · Ch -1.43% · POC A · 404.11

Semiconductors (10) — avg day -0.56%, 6 bull / 0 bear
AVGO · Mixed · RSI 52.2 · MACD Bear · 52wH -7.1% · Ch -2.29% · POC A · 411.07
AMD · Bull All · RSI 63.8 Strong · MACD Bear · 52wH -11.8% · Ch -1.65% · POC A · 414.05
QCOM · Bull All · RSI 58.4 · MACD Bear · 52wH -21.1% · Ch -3.94% · POC A · 195.61
TXN · Bull All · RSI 73.0 OB · MACD Bear · 52wH -2.6% · Ch +0.57% · POC A · 302.31
AMAT · Mixed · RSI 49.8 · MACD Bear · 52wH -9.3% · Ch -1.61% · POC A · 406.91
MU · Bull All · RSI 61.3 Strong · MACD Bull · 52wH -14.6% · Ch +2.52% · POC A · 698.74
LRCX · Mixed · RSI 51.2 · MACD Bear · 52wH -9.5% · Ch -1.65% · POC A · 273.38
KLAC · Mixed · RSI 47.9 · MACD Bear · 52wH -10.2% · Ch -0.90% · POC A · 1740.58
ADI · Bull All · RSI 60.7 Strong · MACD Bear · 52wH -4.9% · Ch -1.02% · POC A · 414.31
MRVL · Bull All · RSI 62.9 Strong · MACD Bear · 52wH -8.3% · Ch +4.34% · POC A · 176.27

Software/Cloud ( — avg day -0.79%, 5 bull / 0 bear
ADBE · Bull 20/50 · RSI 55.8 · MACD Bull · 52wH -39.7% · Ch -0.25% · POC A · 254.99
INTU · Mixed · RSI 51.1 · MACD Bull · 52wH -50.9% · Ch -0.86% · POC B · 399.71
PANW · Bull All · RSI 78.4 OB · MACD Bull · 52wH -3.5% · Ch -3.00% · POC A · 240.13
SNPS · Bull All · RSI 56.2 · MACD Bear · 52wH -24.2% · Ch -0.91% · POC A · 493.87
CDNS · Mixed · RSI 52.1 · MACD Bear · 52wH -10.2% · Ch -2.27% · POC A · 338.12
CRWD · Bull All · RSI 83.9 OB · MACD Bull · 52wH -2.7% · Ch -0.32% · POC A · 616.88
FTNT · Bull All · RSI 87.1 OB · MACD Bull · 52wH -0.4% · Ch +0.90% · POC A · 127.64
WDAY · Mixed · RSI 54.8 · MACD Bull · 52wH -52.9% · Ch +0.36% · POC A · 129.34

Consumer/Internet (9) — avg day -0.77%, 2 bull / 7 bear
NFLX · Bear All · RSI 44.9 · MACD Bull · 52wH -33.4% · Ch -0.36% · POC B · 89.33
COST · Bull All · RSI 74.9 OB · MACD Bull · 52wH -0.2% · Ch +1.66% · POC A · 1094.32
BKNG · Bear All · RSI 34.5 Weak · MACD Bear · 52wH -33.8% · Ch -0.34% · POC B · 154.54
MELI · Bear All · RSI 39.4 Weak · MACD Bear · 52wH -39.7% · Ch +0.56% · POC B · 1594.86
MAR · Bull All · RSI 54.7 · MACD Bear · 52wH -5.6% · Ch -0.14% · POC A · 358.69
ABNB · Bear 20/50 · RSI 39.4 Weak · MACD Bear · 52wH -10.9% · Ch -2.34% · POC B · 131.16
DASH · Bear All · RSI 41.8 · MACD Bear · 52wH -45.8% · Ch -4.93% · POC B · 154.65
PYPL · Bear All · RSI 32.7 Weak · MACD Bear · 52wH -44.9% · Ch -1.25% · POC B · 43.83
ORLY · Bear All · RSI 48.5 · MACD Bear · 52wH -15.5% · Ch +0.20% · POC B · 91.92

Healthcare/Biotech (2) — avg day +0.24%, 0 bull / 2 bear
ISRG · Bear All · RSI 45.7 · MACD Bear · 52wH -26.9% · Ch +0.38% · POC B · 441.58
REGN · Bear All · RSI 26.2 OS · MACD Bear · 52wH -23.2% · Ch +0.10% · POC B · 630.30

Industrial/Other (4) — avg day -0.73%, 2 bull / 1 bear
LIN · Bull All · RSI 52.6 · MACD Bull · 52wH -2.9% · Ch -0.94% · POC A · 506.07
TMUS · Mixed · RSI 49.4 · MACD Bull · 52wH -26.1% · Ch +1.45% · POC B · 193.42
CEG · Bear All · RSI 33.0 Weak · MACD Bear · 52wH -36.8% · Ch -0.51% · POC B · 260.67
CSCO · Bull All · RSI 79.4 OB · MACD Bull · 52wH -3.4% · Ch -2.94% · POC A · 115.38

Tally: 17 Bull-All · 10 Bear-All · 10 Mixed · 2 Bull-20/50 · 1 Bear-20/50



SECTOR-LEVEL READ

LEADERSHIP: Semiconductors remain the cleanest sector internally — 6 of 10 names on full bull stacks (MU, MRVL, AMD, QCOM, TXN, ADI), and the sector's two best daily prints came from MRVL (+4.34%) and MU (+2.52%). Software-quality compounders (FTNT, CRWD, PANW) still ride above-all stacks despite stretched RSI.

WEAKNESS: Consumer/Internet is the clearest broken sector — 7 of 9 names below the EMA20/50/200 stack (BKNG, MELI, ABNB, DASH, PYPL, ORLY, NFLX). Healthcare is small in the index but uniformly bearish (ISRG, REGN). Mega-cap Tech is split: AAPL, NVDA, GOOGL still bullish; META and MSFT structure is rolling.



TOP SWING TRADE SETUPS

1. MU — Bullish Continuation (Semis Leader)
Full bull stack (close 698.74 > EMA20 645 > EMA50 539 > EMA200 354), MACD line above signal (75.72 vs 75.32) with bullish curl, RSI 61.3 strong but not stretched, POC at 493 well below price confirming trend bid, +2.52% on the day in a weak tape.
Entry: 695-705 (current zone) · Stop: 658 (below S1 / Cam S4) · T1: 732 (R1) · T2: 766 (R2) · R:R: 1:1.7
Thesis: One of only two semis green on a -1% NDX day — relative strength signal. Holds bid into NVDA earnings.

2. MRVL — Breakout Confirmation
Bull All stack, +4.34% the strongest move in the index, RSI 62.9 (room to run), price clearing prior congestion at 170-172, POC at 154 well below price. Optical caveat: MACD is technically below signal but the histogram is closing fast — momentum is rotating bullish.
Entry: 174-177 (re-test of breakout) · Stop: 165.5 (below pivot S1) · T1: 184.3 (R1) · T2: 190 (round number / 52w-high test) · R:R: 1:1.4
Thesis: Day's standout RS. Sustainable on any semis sympathy bid from a strong NVDA print.

3. LIN — Defensive Bid (Industrial Gas)
Bull All stack (506.07 > 504 > 503 > 478), MACD line above signal, RSI 52.6 plenty of room. POC near 487 supports trend. Lower beta — useful as a hedged long when NDX volatility lifts.
Entry: 504-507 · Stop: 503 (below EMA50 / Cam S4) · T1: 510 (R1) · T2: 521 (recent high) · R:R: 1:1.6
Thesis: Defensive flow if yields keep biting growth.

4. ADI — Bull Stack Pullback
Bull All (close 414.31, EMA20 411.8, EMA50 394.6, EMA200 332.7), RSI 60.7, sat in 52w-high zone (-4.9%), pulled back on the broad semis sell rather than name-specific. Clean trend re-entry candidate.
Entry: 412-416 · Stop: 402 (below EMA50) · T1: 425 · T2: 436 (52w-high test) · R:R: 1:2.1
Thesis: Quality cyclical semis with industrial exposure — less hyperscaler-correlated than peers.

5. TXN — High-RSI Trend Continuation
Bull All, +0.57% green on a red day, RSI 73 OB but trend-confirming, just -2.6% from 52w high. POC at 261 well below price.
Entry: 300-303 · Stop: 294 (below S1 / Cam S4) · T1: 307.9 (R1) · T2: 315 · R:R: 1:1.3
Thesis: Quiet leader. Holds bid through semis chop.

Setup avoided: NVDA — full bull stack and would normally screen as top swing, but earnings Wed 20 May after close means binary event risk. No swing entry pre-print.



INTRADAY SETUPS

Pivot Bounce — AAPL (Long)
Close 298.97 sat directly on classic pivot (298.61) inside a Bull All stack, MACD bullish, +0.38% on a -1% NDX day.
Bias: Long · Entry: 298.5-299.2 (pivot reclaim) · Stop: 296.7 (S1) · Target: 300.9 (R1) then 301.3 (Cam R4) · R:R: 1:1.0+

Camarilla Range — LIN
Cam S3 504.54 to Cam R3 507.60, just 0.6% wide. Bull All stack favours range-buying lower band.
Bias: Buy S3 / sell R3 · Long: 504.5 → 507.6 (stop 503) · Short: 507.6 → 504.5 (stop 509.1 Cam R4) — short only if NDX heavy

Camarilla Range — CSCO
Cam S3 114.36 to Cam R3 116.40, very tight 1.8% band. Bull All but RSI 79 OB — favour S3 buys, fade R3 tests.
Bias: Range with long bias · Long: 114.4 → 116.4 (stop 113.3 Cam S4) · Reversal short trigger: break of 113.3 with momentum

Camarilla Breakdown — DASH (Short Continuation)
Closed -4.93% at 154.65 right at Cam S3 152.37 / Cam S4 150.09 zone. Bear All stack, MACD bear cross, POC at 200 well above price.
Bias: Short · Entry: 154-156 (failed bounce) · Stop: 158 (above EMA20 162) · Target: 150 (Cam S4) then 147 · R:R: 1:1.5+

Camarilla Breakdown — QCOM (Short Continuation)
-3.94% closing at 195.61 near Cam S4 189.85, Bull All longer-term but daily structure cracked, RSI rolling from neutral.
Bias: Short below S1 (190.59) · Entry: 190 break · Stop: 196 (back inside Cam S3) · Target: 185 then 182 · R:R: 1:1.4



KEY LEVELS DASHBOARD — TOP 5 TRADEABLE NAMES

NVDA (Close 220.61 · ATR 7.70)
Cam: S4 217.00 · S3 218.80 · Pivot 221.00 · R3 222.42 · R4 224.22
Classic: S2 217.52 · Pivot 221.00 · R1 224.09
EMA: 20 213.04 · 50 201.13 · 200 182.48 · POC 175.50
Prev H/L: 224.48 / 217.91

AAPL (Close 298.97 · ATR 6.06)
Cam: S4 296.68 · S3 297.83 · Pivot 298.61 · R3 300.11 · R4 301.26
Classic: S1 296.71 · Pivot 298.61 · R1 300.87
EMA: 20 286.42 · 50 274.97 · 200 258.44
Prev H/L: 300.51 / 296.35

TSLA (Close 404.11 · ATR 17.10)
Cam: S4 397.51 · S3 400.81 · Pivot 401.12 · R3 407.41 · R4 410.71
Classic: S1 396.62 · Pivot 401.12 · R1 408.62
EMA: 20 407.92 · 50 398.84 · 200 393.08
Prev H/L: 405.63 / 393.63

MU (Close 698.74 · ATR 50.70)
Cam: S4 658.18 · S3 678.46 · Pivot 692.30 · R3 719.02 · R4 739.30
Classic: S1 658.65 · Pivot 692.30 · R1 732.39 · R2 766.04
EMA: 20 645.10 · 50 539.41 · 200 354.39 · POC 493.14
Prev H/L: 725.95 / 652.21

AMD (Close 414.05 · ATR 24.35)
Cam: S4 394.59 · S3 404.32 · Pivot 412.05 · R3 423.78 · R4 433.51
Classic: S1 395.36 · Pivot 412.05 · R1 430.75
EMA: 20 ~395 · 50 ~360 · 200 ~245
Prev H/L: 428.75 / 393.36



BEARISH WARNINGS

BEARISH REGN — RSI 26.2 oversold inside a Bear All stack. Don't catch the knife — wait for reclaim of EMA20 before any long.
BEARISH PYPL — RSI 32.7, -44.9% from 52w high, Bear All, MACD bearish. Trend-followers' favourite short.
BEARISH BKNG — RSI 34.5, sat just above 52w low (150.62), -33.8% from highs. Capitulation watch — but no reversal signal yet.
BEARISH DASH — Worst NDX print today (-4.93%). Confirms breakdown out of consolidation.
BEARISH CEG — Bear All, RSI 33, AI-data-centre power story now -36.8% from 52w peak. Symptomatic of the AI capex unwind.
BEARISH META — Daily Bear All stack confirms structural break. -24.3% from 52w high. Below 60-day VWAP. Watch 600 round number.
CAUTION CSCO — Trend bullish but RSI 79.4 OB, -2.94% sell day. Pause-the-chase zone, not a short.
CAUTION FTNT — RSI 87.1 extreme overbought sat 0.4% off 52w high. Mean reversion risk elevated even though stack is bullish.



EVENTS CALENDAR

Wed 20 May (TODAY) — after close:
- NVIDIA (NVDA) Q1 FY27 earnings. Consensus EPS $1.76 (+116.9% YoY), revenue $78.5B (+78.2% YoY). The single most important tech print of the quarter. Beats / forward guide will set the AI-capex tone for the entire NDX.

Wed 20 May — during US session:
- FOMC meeting minutes (typically 2pm ET)
- Several Fed-speakers scheduled
- 20-year Treasury auction — watch for further long-end pressure

Thu 21 May:
- Initial Jobless Claims (8:30 ET)
- S&P Global Flash PMIs (Mfg, Services, Composite — 9:45 ET) — first read on May activity
- Existing Home Sales (10:00 ET)
- Notable earnings inside the 40 tracked: pre-market and post-market check INTU, WDAY, COST, ORLY for guidance updates

Macro watch: 30-year Treasury yield (currently ~5.19%) — a sustained close above 5.20% extends the duration unwind. VIX 17.82 is rising but still below the 20 threshold that historically forces de-risking.



GAME PLAN — NEXT 24 HOURS

Bull scenario: NDX defends 28,500 EMA20 zone, NVDA prints a clean beat-and-raise, semis lead the bounce. Target reclaim of 28,994 → 29,200 → 29,500.

Bear scenario: 28,500 fails ahead of NVDA, or NVDA misses on data-centre outlook. Opens 28,150 (EMA50) then 27,600 May lows. VIX > 20.

Tactical bias: Reduce position size into NVDA earnings. Favour relative-strength longs (MU, MRVL, LIN, ADI, TXN) over beta laggards. Avoid building new swing exposure in AI-capex-sensitive names (CEG, AVGO, CDNS) until post-print.



Report: 2026-05-20 21:00 GMT · Not financial advice. Always DYOR. Capital at risk. Trading involves risk of loss including loss of capital.