Nasdaq Strategy - Poor Guidance from Applied Materials Leads to Further Tech Stock Corrections

Fundamental Analysis:

The poor guidance from Applied Materials, a key upstream semiconductor equipment supplier, has fallen short of expectations, raising concerns about the continued weakness in semiconductor demand outside of AI. This earnings report has undermined market confidence in the chip sector, dragging U.S. equities into further correction. Looking ahead, the direction of U.S. equities will hinge on Nvidia's earnings report. If the report and its guidance fail to satisfy investors, overvalued U.S. equities may continue to face selling pressure.

Technical Analysis:

The 30-minute chart shows lower highs and lower lows, indicating a bearish trend. Short positions can be entered in two batches. Stop-loss should be placed above the previous high, and the target set at extended downward levels.

Trading Strategy:

Short Nasdaq at 20497.72 and 20606.35, with a stop-loss at 20782.18 and a target of 20213.26.

Support: 20213.26  Resistance: 20782.18

The above content is for reference only and does not represent the platform's stance. Investors should have their own judgment, manage risks effectively, and take responsibility for their gains and losses.