The market is currently struggling at this point in time, as the war headlines and interest rate movements continue to weigh upon any real gains.
NASDAQ 100
The Nasdaq 100 is struggling to maintain traction from the optimism on Monday fueled by reports that direct negotiations between the Americans and the Iranian leadership had been going on. This is starting to evaporate from the market as Iranian state media has denied these talks, causing Brent to remain bid fairly well while WTI is following right along. Energy will continue to be a major issue in this market, as well as many others currently.
Tech stocks are particularly sensitive during the session to this overall behavior as the 10-year yield climbed to 4.38%, its highest level since mid-2025, devaluing the future cash flows of high-growth companies.
Technical Levels and Market Resilience
The market is currently in a low conviction state caught between geopolitical volatility and a lack of fresh earnings catalysts. Currently, it looks as if the 23,800 level is significant support and the 200-day EMA currently sitting at the 24,203 level acts as resistance.
I don't think this is a market that will suddenly take off to the upside, but you have to acknowledge the fact that while there has been absolute chaos in the bond market and geopolitical theater, Nasdaq 100 isn't doing as poorly as one would expect.
There is probably a signal in that by itself. The fact that the market won't collapse does suggest that there is at least some hope of a turnaround before it's all said and done. However, we have a lot of noise that we will have to deal with between now and then, and the only real control you will have would be the position size you choose, and the frequency in which you deploy your positions.