NASDAQ index is a stretching to a new high for the day with a gain of around 100 points

The NASDAQ (US Tech 100) is up roughly 100 points, but internals are mixed: Nvidia and Microsoft are powering gains while Amazon, Alphabet and Meta are under pressure. The piece provides hourly technical analysis, tracking 100-/200-hour and 100-/200-day moving averages plus key Fibonacci retracements to define short-term bias and risk levels. Nvidia (NVDA) is leading, back above its 100-hour MA and showing bullish momentum; Microsoft (MSFT) has cleared the 200-day and 50% retracement, sustaining upside. Amazon (AMZN), Alphabet (GOOGL) and Meta face short-term bearish tilts after falling below key moving-average clusters, with downside targets noted (AMZN near $255; GOOGL 38.2% retrace ~$356). Overall, the market impact is that headline strength in the tech index masks divergent stock-level technicals, implying potential continuation for leaders but vulnerability and further downside for laggards unless they reclaim their moving averages.