Likes ReceivedThe situation of the US stock market on Tuesday, May 26th
After the long weekend, market sentiment has been completely ignited. Stimulated by external news, the three major futures indices continued to surge significantly in pre-market trading, once again refreshing their recent highs.
The core logic of the global market today still revolves around three main themes.
First, AI and semiconductors continue to dominate risk appetite.
Asian chip stocks surged overnight, and U.S. semiconductor stocks continued to strengthen across the board in pre-market trading. The heat in the AI industry chain has clearly intensified. Especially in the direction of chips, servers, and computing power, fund inflows are very obvious. The market has begun trading the logic of "AI second-phase acceleration" again.
Among them, SMH has already broken through the key pivot high in pre-market trading, which is a very strong bullish signal, indicating funds are still continuously flowing back into the tech growth sector. Short-term semiconductors are still worth focusing on.
Second, expectations for easing tensions in the Middle East continue to benefit the market.
Recently, the market has been continuously trading the expectation of "the Strait of Hormuz returning to normal + oil prices falling." Although geopolitical uncertainties remain, oil prices have not risen uncontrollably further, which has provided clear support for tech and growth stocks.
As long as oil prices stabilize, funds are more willing to flow back into AI, tech, and high-volatility directions.
Third, although the Fed's interest rate cut expectations have fluctuated, they temporarily cannot suppress market sentiment.
Some recent inflation data still shows fluctuations, and market expectations for a rate cut within the year have cooled somewhat. However, the market is currently clearly in a strong-trend bull market phase, and many negative factors are instead seen by funds as opportunities to buy on dips.
From a technical perspective, the market has now entered a typical "sentiment-driven rally." As long as core heavyweights do not experience consecutive sharp declines, the indices still have the momentum to continue upward.
Bullish on the market opening significantly higher today, continuing to push to new highs first, then starting to fluctuate and pull back. However, it's highly likely the intraday gap-up opening gap will not be filled.
Today's bull-bear demarcation point is at 7481. As long as this level is not effectively broken intraday, the overall strong structure remains intact.
It is expected that the full-day trend will fluctuate around the high and low points. Today's volatility is still relatively large, predicted to be around 55-65 points.
Bullish on a green close in the final session. The daily K-line is highly likely to form a doji or a small positive line, indicating high-level strong consolidation.
In terms of operations, it is still recommended to focus on individual stock movements, especially in the tech, AI, and semiconductor directions.
TSLA is worth focusing on this week. Short-term sentiment has clearly started to recover, and a rapid rally cannot be ruled out.
Stocks to watch today:
TSLA
NVDA
AMD
MU
SPX key levels for today:
Upside resistance:
7546
7557
Downside support:
7497
7473
The above analysis is for personal opinion sharing only and does not constitute any investment advice.
$Tesla(TSLA.US) $Apple(AAPL.US) $Broadcom(AVGO.US) $AMD(AMD.US) $Alphabet - C(GOOG.US) $Lumentum(LITE.US) $NVIDIA(NVDA.US) $Amazon(AMZN.US) $SPDR S&P 500(SPY.US) $Sandisk(SNDK.US)
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