The Nasdaq 100 remains in a sideways pattern; Meta (META) faces resistance at its 100-day moving average

Markets are focused on the US inflation data due before the market open tonight; US stocks saw narrow-range adjustments overnight, with the Dow Jones Industrial Average ( $Dow Jones Industrial Average (.DJI.US)$ ) holding above its 10-day moving average for now, with near-term support to watch at the 53,400 level; the Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) has been trading around the 29,600 mark in recent days, maintaining its sideways pattern, and is expected to remain volatile in the short term. Bullish investors on the Dow may consider bull certificates $SG#DJIA RC2612F.C (49653.HK)$ , with a call price of 49,000 points. Conversely, for those bearish, consider bear certificates $SG#DJIA RP28123.P (49683.HK)$ . For bullish views on the Nasdaq, consider bull certificates $SG#NQ100RC2612K.C (49611.HK)$ , with a call price at 27,000. Conversely, for bearish views, consider bear warrants $SG#NQ100RP2812E.P (49610.HK)$ , with a call price of 32,000.

Meta ( $Meta Platforms (META.US)$ ) rebounded for consecutive days, with the stock price briefly rising above the 100-day moving average to test the $610 level overnight before facing resistance and pulling back. In the near term, it may first consolidate recent gains. For those bearish on Meta, consider put warrants. $SG-META@RP2612A.P (11138.HK)$ Conversely, those bearish may consider structured products with a strike price of $475.

Alphabet ( $Alphabet-A (GOOGL.US)$ ) dropped more than 3% overnight, with the stock price retreating to the $340 support zone and showing initial signs of buying interest. Watch closely whether it can hold this level in the short term. For those bullish on Alphabet, consider call warrants. $SGALPBE@RC2612A.C (11184.HK)$ , strike price 470.

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