NASDAQ index down -1.25% ...Middle East

Broadcom is trading down near 4%. Nvidia is down -3.93%.AMD is down -4.45%

Looking at some of the other losers today:

Meta--2.56%Tesla -5.3% as the war of words intensifies once again between Trump and Musk.Palantir -4.98%Crowd Strike -4.4%Super Micro Computer -4.31%Palo Alto Network -4.02%

Technically, the NASDAQ index still remains well above its 100-hour moving average at 19789.56. The low price today reached 20105.42. Moving back below that moving average would be needed to increase the bearish bias. The 200-hour moving average is at 19503.56. Back on June 23, the price got within sniffing distance of the 200 hour moving average but found willing buyers.

This article was written by Greg Michalowski at www.forexlive.com.

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