Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Stocks

Tech Stocks Lead the Charge: What’s Driving the Momentum?

by admin July 2, 2025
July 2, 2025
Tech Stocks Lead the Charge: What’s Driving the Momentum?

The last day of trading for the first half of 2025 ended with a bang. The S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed at record highs — an impressive finish, given the year has seen significant swings.

We saw signs of investors rotating into technology stocks last week when the Nasdaq 100 ($NDX) hit a record high. Looking at the one-week timeframe in the US Indexes tab in the Equities panel in the StockCharts Market Summary page, the $NDX has seen the largest percentage gain (+3.76%) and is trading 9.94% above its 200-day simple moving average (SMA). The Nasdaq Composite is a close second, with the same percentage gain and trading 8.92% above its 200-day SMA.

FIGURE 1. EQUITIES PANEL OF THE MARKET SUMMARY PAGE. Here, you see a snapshot of the one-week performance of the major US indexes and how far they are from key moving averages. Image source: StockCharts.com. For educational purposes.

Is the Technology Rally Stable?

With technology stocks taking the lead again, it’s worth checking to see if market breadth supports the move.

  • Bullish Percent Index. The %Bullish Percent Indexes panel shows the Nasdaq 100 at 74%, which is in favor of the bullish move in technology stocks.
  • New Highs vs. New Lows. On Monday, approximately 10% of stocks in the Nasdaq 100 hit all-time highs, while 0% of stocks hit a 52-week low. The semiconductor industry is the top-performing bellwether industry.

Armed with this data, let’s break down the Technology sector.  Looking at the MarketCarpets format, we can see that software and semiconductors occupy a significant portion of the sector. The largest cap-weighted stocks are all in the green — Microsoft Corp. (MSFT), NVIDIA Corp. (NVDA), Broadcom, Inc. (AVGO), Taiwan Semiconductor Mfg. (TSM), and Oracle Corp. (ORCL).

FIGURE 2. MARKETCARPET OF THE ONE-WEEK PERFORMANCE OF THE TECHNOLOGY SECTOR. Mega-cap stocks such as MSFT, NVDA, AVGO, TSM, and ORCL were strong performers. Image source: StockCharts.com. For educational purposes.

Three semiconductor stocks — NVDA, AVGO, and TSM — make up most of the move in the entire sector, which makes it worth looking at a chart of the semiconductor stocks.

Semis Stay Strong

The six-month daily chart of the VanEck Vectors Semiconductor ETF (SMH) below shows a clear uptrend, with the 21-day exponential moving average (EMA) sloping up and the 50-day SMA about to cross above its 200-day counterpart.

FIGURE 3. SIX-MONTH DAILY CHART OF THE VANECK VECTORS SEMICONDUCTOR ETF (SMH). The ETF has been in a steady uptrend and is close to its all-time high. The RSI is above 70, and the PPO histogram is hovering above zero. Both support the bullish move in SMH, but it’s worth keeping an eye on momentum. Chart source: StockCharts.com. For educational purposes.

The relative strength index (RSI) is above 70 while the percentage price oscillator (PPO) histogram is just above zero. Despite Monday’s relatively flat day, all the above data support a bullish trend. A slowing momentum would be the first alarm bell for a pullback, with the first support being the 21-day EMA. That would be an opportune time to monitor the industry and, if you’ve considered adding either individual semiconductor stocks or ETFs to your portfolio, it’s worth monitoring the price action. Price could either reverse after hitting a key support level or continue falling.

As we head into the second half of 2025, the performance of semiconductors and technology stocks will dictate the direction of the market.

The Bottom Line

In a market that flip-flops from one day to the next, you might need a helping hand to prevent you from getting emotionally sidetracked. The Market Summary page is your compass, if you will, that helps you make sense of the market’s twists and turns. Visiting the page should be a part of every investor’s routine.



Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

previous post
Expert: African Lithium Key to China’s Battery Supply Chain Dominance
next post
Dalai Lama vows he won’t be the last leader of Tibetan Buddhism

Related Posts

Hedge Market Volatility with These Dividend Aristocrats &...

June 6, 2025

Week Ahead: NIFTY Stays In Technically Challanging Environment;...

May 12, 2025

The Best Five Sectors, #13

April 1, 2025

Navigating Earnings: Three Stocks, Three Different Stories

May 13, 2025

3 S&P 500 Charts That Point to the...

June 22, 2025

Is the S&P 500 Flashing a Bearish Divergence?

June 14, 2025

Analyzing SIL, USO, and NVDA: Could These Bullish...

May 30, 2025

Stocks In Focus: Three Charts to Watch

March 29, 2025

MACD + ADX: Spot the Pullbacks Worth Trading

May 23, 2025

This Is How I Crush The Benchmark S&P...

February 20, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      July 23, 2025
    • Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

      July 23, 2025
    • Metals & Mining Virtual Investor Conference Agenda Announced for July 23rd and 24th

      July 23, 2025
    • Pinnacle Clarifies Previous News Release

      July 23, 2025
    • Tech Giants Escalate AI Spending in Race to Stay Competitive

      July 23, 2025
    • Mali Court Upholds Detention of Barrick Employees

      July 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved