Although the NASDAQ is higher by roughly 100 points at the time of this recording, the performance beneath the surface is far from uniform.
Some of the index’s largest heavyweight stocks are posting solid gains, while others are under pressure
In this video, I break down the technical picture for Nvidia, Amazon, Alphabet, Microsoft, and Meta using the same hourly chart framework, focusing on key moving averages and Fibonacci retracement levels. By applying a consistent technical approach, it becomes easier to identify the short-term bias, define the key risk levels, and highlight potential targets if momentum continues in the direction of the prevailing trend. Nvidia (NVDA) Nvidia shares are leading the group higher, up about 4.25% on the day.
The rally has pushed the stock back above its 100-hour moving average at $220.46 while also increasing the distance from its rising 200-hour moving average at $212.89. The stock has reached a session high of $222.17, putting buyers firmly back in control in the short term. As long as the price remains above both moving averages, the technical bias stays tilted to the upside.