Nasdaq Strategy - Optimistic Market Sentiment Drives U.S. Stocks to New Highs

Fundamental Analysis:

Last Friday, the Federal Reserve’s interest rate decision met expectations with a 25 basis point cut, but the statements and comments provided no surprises, so there was minimal impact on the stock market. The market benefited from Trump’s election win and the potential for a Republican majority, which could lead to stronger economic stimulus measures in the future, further supporting stock performance. All three major indexes reached historic highs, and TSMC’s record-high October revenue also helped reinforce the performance of chip stocks.

Technical Analysis:
On the hourly chart, the Nasdaq shows higher highs and lows, continuously reaching new highs, indicating strong buying activity. If the price pulls back without breaking prior support levels, this will likely support further upward movement. Therefore, a short-term long position is recommended.

Trading Strategy:
Consider a short-term long at 21147, with a stop loss below 21018 and a target of 21300.

Support Level: 21147 Resistance Level: 21300

Trading involves certain risks, and this recommendation is not a guarantee of profit. Investors should evaluate their own capital and position management.