Software stocks continue to strengthen—has concern over AI disruption dissipated?
I. Major Indices: (1) $SPDR S&P 500 ETF (SPY.US)$ Strong support found near 680, low probability of a repeat of last year's plunge; (2) $Invesco QQQ Trust (QQQ.US)$ Range-bound trading, with a key high-volume rebound on Friday; (3) $State Street® SPDR® Dow Jones Industrial Average® ETF Trust (DIA.US)$ Trading within an upward channel, absorbing floating profits before continuing to break higher; (4) $iShares Russell 2000 ETF (IWM.US)$ Rebounded after retreating to support, likely to continue rising.
II. Popular Stocks: (1) $NVIDIA (NVDA.US)$ Later stage of the trading range, increasing high-volume declines, suggest observing; (2) $Alphabet-C (GOOG.US)$ Gradually weakening, may enter a sideways consolidation phase; (3) $Tesla (TSLA.US)$ Falling towards the support of the trading range, watch for buying opportunities at the intersection point; (4) $Apple (AAPL.US)$ High volume surge towards axis resistance but failed to break through, short-term pullback possible; (5) $Microsoft (MSFT.US)$ Panic selling emerged at the 400 support level; watch for stabilization signals; (6) $Amazon (AMZN.US)$ Sharp decline after earnings report, quickly breaking below zone support; (7) $Meta Platforms (META.US)$ Retracement may have been completed; watch for entry opportunities; (8) $Micron Technology (MU.US)$ A short-term top may be approaching; (9) $iShares Expanded Tech-Software Sector ETF (IGV.US)$ Panic selling occurred, and selling may temporarily end; (10) $VanEck Semiconductor ETF (SMH.US)$ Following a standard upward trend, buying opportunities emerged.
Third, major asset classes: (1) After gold plummeted and rebounded, it entered a sideways consolidation phase; (2) The US dollar rebounded to resistance levels after panic selling, possibly retreating in the short term; (3) Cryptocurrencies found support at the axis level after plunging and will form a new pattern.
$S&P 500 Index (.SPX.US)$ $NASDAQ 100 Index (.NDX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Russell 2000 Index (.RUT.US)$ $Roundhill Magnificent Seven ETF (MAGS.US)$ $USD (USDindex.FX)$ $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Bitcoin (BTC.CC)$ $BTC/USD (BTCUSD.CC)$ $Ethereum (ETH.CC)$ $ETH/USD (ETHUSD.CC)$ $iShares Ethereum Trust ETF (ETHA.US)$
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