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The US Nas 100 Index (a proxy for the Nasdaq 100 futures) has staged a significant accumulated return of 14% since the retest of its 200-day moving average on 26 October 2023.

Nasdaq 100 may continued to see further potential upside supported by softness seen in the US 10-year Treasury yield.

Rising geopolitical tensions, up trending US 10-year Treasury yield and market breadth deterioration may offset S&P 500 positive seasonality

The rally in risk assets such as global equities has started to show signs of wobbliness as the sentiment pendulum swung from over-pessimism in terms of earnings growth at the tail end of 2022 to over-optimism from June this year triggered by the safe haven status of the US mega-cap technology stocks in terms of their respective strong balance sheets reinforced by the artificial intelligence’s (AI) heightened productivity revolution that saw investors and traders bid up aggressively AI-related...

The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have indeed shaped the expected decline and broke below the short-term support of 14,750. Thereafter, it continued to tumble and printed an intraday low of 14,445 on Wednesday, 29 September.

Nasdaq 100 recent 10-week of decline may be due for a counter trend rebound as rising 10-year US Treasury yield stages a retreat

The price actions of the US Nas 100 Index (a proxy for the Nasdaq 100 futures) have whipsawed in the past four weeks, it cleared above the 15,135 short-term resistance (also the 20-day moving average) as highlighted in our previous report but the bulls failed to make any headway above the 15,460/15,540 medium-term resistance and staged a weekly close below its 50-day moving average on last Friday, 15 September.

Nasdaq 100 bulls are getting lethargic as price actions slipped back below 50-day moving average ahead of Fed FOMC

With the