Investors focused on new earnings data from Advanced Micro Devices Inc., which reported revenue of $9.25 billion, up from $6.82 billion a year earlier, and earnings per share of $1.20 versus $0.92 previously. In contrast, Pfizer Inc. posted revenue of $16.7 billion and EPS of $0.87, down from $17.7 billion and $1.06 in the same period last year.

U.S. Treasury yields continue to rise: the 10-year yield increased to 4.074% from 4.068% last week, the 20-year to 4.633% from 4.623%, and the 30-year to 4.658% from 4.644%.

Top gainers in the index include Marriott International Inc. (+3.16%), Old Dominion Freight Line Inc. (+2.80%), O’Reilly Automotive Inc. (+2.32%), and Verisk Analytics Inc. (+2.14%).

Leading decliners were CDW Corp. (–8.51%), Palantir Technologies Inc. (–7.94%), Micron Technology Inc. (–7.10%), and Shopify Inc. (–6.94%).

Support and Resistance Levels

On the daily chart, prices continue to correct within the upward channel, bounded by 26,800.0–24,900.0, moving away from resistance.

Technical indicators maintain a buy signal: the fast EMAs of the Alligator indicator remain above the signal line, while the AO histogram forms new corrective bars within the bullish zone.

Support levels: 24,780.0, 23,550.0.

Resistance levels: 25,950.0, 27,330.0.

Nasdaq 100 chart

Trading Scenarios and Nasdaq 100 Forecast

If the price continues to rise and consolidates above 25,950.0, long positions targeting 27,330.0 become relevant, with a stop-loss at 25,500.0. Estimated duration: 7+ days.

If the correction extends and the price holds below 24,780.0, short positions targeting 23,550.0 become viable, with a stop-loss at 25,200.0.

Scenario

Timeframe Weekly
Recommendation BUY STOP
Entry Point 25,950.0
Take Profit 27,330.0
Stop Loss 25,500.0
Key Levels 23,550.0, 24,780.0, 25,950.0, 27,330.0

Alternative Scenario

Recommendation SELL STOP
Entry Point 24,780.0
Take Profit 23,550.0
Stop Loss 25,200.0
Key Levels 23,550.0, 24,780.0, 25,950.0, 27,330.0