NAS100 Rallies as Mega-Cap Earnings Beat Expectations
US tech indices extended gains after strong earnings from leading semiconductor and cloud names. NAS100 CFD volume hit a three-week high.
The NAS100 index CFD tracked higher in after-hours trading as several mega-cap constituents reported revenue growth above consensus. Momentum traders focused on breakouts above the prior week's high.
While the trend remains constructive on the daily chart, stretched short-term readings suggest pullbacks toward the 20-day moving average could offer re-entry opportunities for swing traders.
What to monitor
- Upcoming Fed speakers and rate expectations
- VIX compression vs. index extension
- Sector rotation into defensives