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. The next major objective remains the all-time high reached last month near $436.54. A move back below the 100-hour moving average would weaken the bullish outlook and give sellers a foothold.
Amazon (AMZN)
Amazon is moving in the opposite direction, down 2.67%, or $7.24, at $263.32. The decline has pushed the stock back below both its 100-hour moving average at $266.64 and its nearly converged 200-hour moving average at $265.62. Those two averages now become the key barometer for short-term direction. If the price can reclaim and hold above that moving-average cluster, buyers would regain control. However, as long as the stock remains below those levels, sellers are likely to maintain the advantage with the next downside target coming near the May 19 low around $255.
Alphabet (GOOGL)
Alphabet shares are also under pressure, down roughly 1.27% at $375.60. Today’s decline has taken the stock further away from its 100-hour moving average at $390.68, a level that repeatedly acted as resistance on May 20, May 21, May 27, and May 28. The stock has also slipped back below its 200-hour moving average at $378.68, shifting the short-term bias back to the downside after failing to sustain a break above those key technical levels. If the price remains below the 100- and 200-hour moving averages, sellers will likely target the 38.2% retracement of the rally from the March 31 low at $356.47. A move back above the 200-hour moving average would neutralize the bearish bias, while a break above the 100-hour moving average would be needed to restore a more bullish outlook.
Microsoft (MSFT)
Microsoft continues to show impressive upside momentum, gaining about 2.3% and extending its rally for a third consecutive trading day. The move higher began on Thursday when the stock broke decisively above a cluster of support and resistance levels, including the 100-day moving average at $413.53 and both the 100-hour and 200-hour moving averages near $419.30. Friday’s advance carried the stock to the 38.2% retracement of the decline from the July 30 high at $433.10, where buyers successfully maintained control. Today’s rally has pushed the price above the 50% retracement level at $456.64 and above the 200-day moving average at $458.16. With the stock currently trading around $460.60, buyers remain firmly in control. The key risk level now comes in at the 50% retracement level. A move back below $456.64 would weaken the bullish case and suggest that the upside momentum is beginning to fade.
Meta (META) Meta is another large-cap stock under pressure today, with shares down 2.58% at $616.17. Like several of the other weaker NASDAQ names, the decline is threatening to tilt the short-term bias back to the downside. The stock has moved away from its 100-day moving average at $634.91, a level that capped the rally on Thursday after buyers briefly broke above it on Wednesday but failed to sustain the momentum. The price is also trading below its 200-hour moving average at $626.97, reinforcing the bearish tilt. Earlier today, Meta fell below its 100-hour moving average at $612.65 and reached a low of $609.03 before finding willing buyers. That rebound has pushed the stock back above the 100-hour moving average, leaving the price trading between the 100-hour and 200-hour moving averages in a more neutral zone. Traders will be watching the 100-hour moving average at $612.65 as a key support level. Staying above that level keeps buyers in the game, while a move back below would strengthen the sellers’ case. On the topside, a move above the 200-hour moving average at $626.97 and then the 100-day moving average at $634.91 would be needed to shift the bias back in favor of the buyers and signal that bullish momentum is returning.
Editorial note: This recovered market brief has been cleaned and reclassified by Next Move Markets for educational market intelligence. It is not investment advice.
Next Move Markets desk view
For active traders, this brief should be read through the lens of equity markets rather than as a standalone headline. The key question is whether the theme behind NASDAQ index is a stretching to a new high for the day with a gain of around 100 points can influence positioning beyond the first reaction. That means watching earnings expectations, sector rotation, rates, liquidity and index breadth together, not in isolation.
A richer trading read comes from separating the catalyst from confirmation. The catalyst explains why markets are paying attention; confirmation comes from price action, liquidity and cross-asset behavior after the headline is digested. If those signals do not align, traders should treat the move as fragile and keep risk tighter.
What traders should watch next
- Whether the move is broad across sectors or concentrated in a small group of large names.
- How index futures behave around the U.S. cash open and late-session liquidity.
- Whether earnings revisions, guidance or analyst updates support the headline.
- Rate expectations and bond yields, which can quickly change equity valuation pressure.
Risk context
This article is a market-intelligence brief, not a trade recommendation. Before acting on the theme, traders should define invalidation, position size and the time horizon of the setup. The same headline can support a short-term reaction and still fail as a multi-session trend if liquidity, policy expectations or broader sentiment move the other way.
Scenario map
The base case is that traders keep this theme on the radar while waiting for confirmation from earnings expectations, sector rotation, rates, liquidity and index breadth. A stronger continuation scenario requires follow-through after the first reaction, preferably with related assets moving in the same direction. A failure scenario develops if the headline is quickly absorbed, volatility fades and price returns inside the previous range.
For equity markets, the most useful approach is to compare the article theme with live market behavior. If the market confirms the narrative, pullbacks can become more constructive. If the market rejects it, the headline becomes background noise rather than a trading driver.
Execution discipline
- Define the level first: traders should know where the idea is invalidated before thinking about upside or downside.
- Separate news from setup: NASDAQ index is a stretching to a new high for the day with a gain of around 100 points may explain attention, but entry quality still depends on timing, liquidity and risk/reward.
- Watch confirmation: a clean move usually appears across related markets, not only in one isolated instrument.
- Control exposure: if volatility expands, smaller position sizing can be more professional than chasing the headline.
Next Move Markets treats this kind of brief as a starting point for preparation: identify the driver, map the scenarios, then wait for the market to prove which path is actually being priced.
