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1. Meta launches Muse image generation tool. 2. Samsung begins mass production of next-generation enterprise-grade SSDs for Nvidias Vera Rubin. 3. SpaceX AI plans to release a new model in collaboration with Cursor as early as Wednesday. 4. Amazon will issue eight tranches of investment-grade bonds, raising at least $25 billion. 5. BrainTiger Technologys "Sanquan" brain-computer interface system initiates GCP registration clinical trials. 6. Ministry of Industry and Information Technology: my countrys humanoid robot production is expected to exceed 100,000 units this year. 7. National Development and Reform Commission: Sales of AI smartphones and AI computers are expected to surpass non-AI products for the first time this year. 8. Alipay AI Open Platform launched; merchants can connect to mobile phones, in-vehicle systems, and AI glasses through "Abao". 9. my countrys first 5-meter-class reusable rocket was transported to the launch pad; the Long March 10B Y1 awaits launch window. According to the Wall Street Journal, the U.S. Department of Agriculture informed the White House of Walmarts (WMT.N) price-cutting plan. Trump tweeted on Monday that this was the result of government pressure. Minutes later, Walmart issued a press release stating that it would lower prices on thousands of items to help consumers.July 8th - According to foreign media reports, Samsung Electronics has begun mass production of its most advanced data center storage hard drive, which will be used in NVIDIAs (NVDA.O) upcoming Vera Rubin platform. This enterprise-class solid-state drive, named PM1763, was first announced earlier this year at NVIDIAs GTC conference. Samsung also showcased its next-generation high-bandwidth memory (HBM4) and low-power SOCAMM2 modules at the time, as part of a comprehensive solution for AI data centers. Samsung stated on Wednesday that the PM1763 features the companys latest V-NAND flash memory chips and a newly developed 4nm controller, offering read and write speeds more than double that of its predecessor. The PM1763 is designed to reduce data latency for advanced processors and AI accelerators. To maintain high-speed performance during AI training and inference, the drive employs a liquid-cooling design.July 8th - According to CNN, citing three sources familiar with the decision-making process, prior to the February 28th attacks on Iranian targets, senior U.S. military commanders ignored warnings in key databases that intelligence regarding potential Iranian targets was severely outdated and approved multiple strikes, including an attack on an Iranian girls school that killed nearly 200 children and adults. The sources stated that the system contained warnings indicating that the intelligence was based on data from years ago and needed to be reviewed, and that adding targets to the strike list required approval from senior officers. Two of the sources indicated that senior commanders ignored the warnings for "efficiency reasons," as identifying targets was urgently needed in the early stages of a war, but this directly led to the mistaken bombing of the school. This attack is one of the deadliest civilian casualties in recent U.S. military operations.July 8th - According to Iranian state television today (July 8th), the US attack on Sirik in southern Iran has resulted in multiple injuries. Iranian President Pezechzian, who had just arrived in the Iraqi Shiite holy city of Najaf a few hours earlier, has left Iraq and returned home ahead of schedule. Pezechzian was scheduled to attend the funeral service for the late Iranian Supreme Leader Ali Khamenei in Iraq today.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Megacap Growth Stocks Post Impressive Gains

Jimmy Khan

May 18, 2022 10:23

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As the tech-heavy index seeks to rebound from its bear market, June E-mini NASDAQ-100 Index futures are trading higher just before the cash market close on Tuesday.


Semiconductor stocks are among the most successful. Advanced Micro Devices shares soared more than 8% after Piper Sandler upgraded the company, saying it looked appealing after plunging 34.5 percent this year. The stock price of Nvidia increased by 5%, Qualcomm increased by 4%, and Micron Technology increased by almost 6%.


June E-mini NASDAQ 100 Index futures are trading at 12541.00, up 296.25 or +2.42 percent, at 19:55 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $306.00, up $7.56 (2.53%).


Other top performers were Microsoft Corp, Apple Inc, and Tesla Inc, which all climbed between 1.5 and 4.8 percent, giving the NASDAQ Composite the highest lift.


Retail sales figures came in roughly as predicted in economic news. According to the US Census Bureau, retail expenditure increased by 0.9 percent in April. In April, non-auto retail sales increased by 0.6 percent.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. However, momentum is increasing. A move through 13555.25 will alter the major trend to up, while a move through 11689.00 would imply the downtrend will resume.


When buyers wiped out the previous minor high at 12553.25, the minor trend turned up. This moved the market's momentum upward.


13555.25 to 11689.00 is the minor range. The initial upside objective is the pivot at 12622.25.


14298.00 to 11689.00 is the short-term range. The next aim is the retracement zone from 12993.50 to 13301.50.