Nasdaq Composite那斯達克綜合

The Nasdaq is the weak link — scraping the floor of both its 5- and 20-day ranges, with tech clearly leading the US tape lower. I agree with the bearish lean; a relief bounce from this oversold spot wouldn't surprise me, but the trend says sellers still have the wheel.

Bearish, against the mild quant lean. The Nasdaq has lagged the broad market, dropping from 27,370 to around 26,700 with tech doing most of the bleeding, and yesterday's bounce was feeble. With Asian tech-heavy markets like Korea under heavy pressure, I'd lean to further downside near term.

Leaning bearish on the Nasdaq: it sits near the bottom of its 5- and 20-day ranges, and long-duration tech is exactly what suffers when yields grind higher on hawkish Fed talk. The 60-day uptrend has not fully broken, so a relief rally is possible, but momentum has turned the wrong way.

Neutral on the Nasdaq, fading the quant's bullish tilt: it slipped again while the S&P held near its high, and the 5-day position is stuck in the lower third. The longer trend is fine, but tech leadership has gone quiet with yields above 5% — I want to see it reclaim the lead before calling for another leg up.

Calling the Nasdaq neutral: the bigger trend is intact, but it has been lagging the S&P and the short-term range has slipped to the lower third after tech's sharp wobble last Thursday. With yields above 5% and CPI on deck, long-duration growth names have the most to lose — I'd want to see leadership return before leaning in.

The Nasdaq dipped toward 27,200 and buyers stepped right back in — the dip-buying reflex in tech is still alive. I lean bullish, though it's lagging the S&P near its highs, so watch whether it can retake 27,600; failure there would hint the leadership is getting tired.