The Dow Jones is consolidating along its 10-day moving average, with Microsoft showing buying support at lower levels

US stocks broadly rebounded overnight, with the Dow Jones ( $Dow Jones Industrial Average (.DJI.US)$ ) recovered some ground and returned near the 52,500 level; in the short term, it may consolidate repeatedly around the 10-day moving average; Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) rose over 400 points overnight to around 29,700, with recent volatility remaining within the 29,000–30,000 range, maintaining a sideways consolidation pattern. Bull certificates may be considered for those bullish on the Dow. $SG#DJIA RC2612E.C (49613.HK)$ , with a call price of 48,000. Conversely, for bearish views, consider bear warrants $SG#DJIA RP28122.P (49649.HK)$ , with a call price of 57,000 points. For those bullish on the Nasdaq, consider bull certificates $SG#NQ100RC2612L.C (49615.HK)$ , with a call price of 27,500 points. Conversely, for those bearish, consider bear certificates $SG#NQ100RP2812E.P (49610.HK)$ , with a call price of 32,000.

Microsoft ( $Microsoft (MSFT.US)$ ) dipped toward the 10-day moving average overnight before stabilizing, closing back above the 20-day moving average, reflecting strong buying support. Watch whether it can test the $400 mark next. Call warrants may be considered for those bullish on Microsoft. $SG-MSFT@RC2610A.C (11136.HK)$ , with a strike price of 450.

Super Micro Computer ( $Advanced Micro Devices (AMD.US)$ ) gained nearly 6% overnight to $547, returning close to the upper end of its recent range. However, it has been trading repeatedly between $510 and $560 recently, awaiting a breakout. Call warrants may be considered for those bullish on Super Micro Computer. $SG-AMD @RC2612A.C (11214.HK)$ , with a strike price of 700.

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