The Nasdaq 100 fell below its 50-day moving average, while Alphabet (GOOGL) climbed back above its 10-day moving average.

Market sentiment remains cautious ahead of NVIDIA's earnings release. The Dow Jones ( $Dow Jones Industrial Average (.DJI.US)$ ) fluctuated along its 20-day moving average, temporarily holding above the 53,000-point level; the Nasdaq 100 ( $NASDAQ 100 Index (.NDX.US)$ ) failed to hold support at the 50-day moving average, dropping overnight to near 29,000 points. In the short term, watch for support at the 100-day moving average around 28,600 points. If bullish on the Dow Jones, consider bull contracts ( $SG#DJIA RC2612F.C (49653.HK)$ , 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 $SG#NQ100RC2612J.C (49604.HK)$ , with a call price at 26,500. Conversely, for those bearish, consider bear certificates $SG#NQ100RP2812F.P (49614.HK)$ , with a call price of 31,500 points.

NVIDIA ( $NVIDIA (NVDA.US)$ ) The downtrend has not halted, falling nearly 3% overnight to around $208, once testing support at the 50-day and 100-day moving averages. Caution is rising ahead of the earnings announcement, though a technical rebound cannot be ruled out in the short term. If bullish on NVIDIA, consider call warrants. $SG-NVDA@RC2612A.C (11185.HK)$ , with a strike price of $275. Conversely, for those bearish, consider put warrants $SG-NVDA@RP2612A.P (11090.HK)$ , with a strike price of 168.

Alphabet ( $Alphabet-A (GOOGL.US)$ The stock held steady against the trend overnight, with the price returning above the 10-day moving average and closing at $348.1. If the rebound momentum continues, it may gradually recover resistance at the 20-day and 50-day moving averages in the short term. Those bullish on Alphabet (GOOGL) may consider call warrants. $SGALPBE@RC2612A.C (11184.HK)$ , strike price 470.

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