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NASDAQ index down -1.25% | Forexlive

The NASDAQ index is now down over -1.25%. The declines are being led by some of the high beta stocks that have benefited of late including the chip stocks.

  • Broadcom is trading down near 4%.
  • Nvidia is down -3.93%.
  • AMD is down -4.45%

Looking at some of the other losers today:

  • Meta–2.56%
  • Tesla -5.3% as the war of words intensifies once again between Trump and Musk.
  • Palantir -4.98%
  • Crowd Strike -4.4%
  • Super Micro Computer -4.31%
  • Palo Alto Network -4.02%

Technically, the NASDAQ index still remains well above its 100-hour moving average at 19789.56. The low price today reached 20105.42. Moving back below that moving average would be needed to increase the bearish bias. The 200-hour moving average is at 19503.56. Back on June 23, the price got within sniffing distance of the 200 hour moving average but found willing buyers.

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