Global Equity Funds See Eighth Week of Inflows as AI Rally Boosts Tech

NDX is trading just below its 20-day moving average (29,299), with the RSI at 48.8, indicating a neutral zone. The MACD line remains below the signal line, suggesting weak short-term momentum. News headlines indicate that the AI rally has driven eight weeks of inflows into technology stocks, but this positive flow does not appear to be fully reflected in the price. While short-term direction remains uncertain, the 29,000 level can be watched as support, and 29,300 as resistance.

The news indicates that the AI rally is driving technology stocks and that global equity funds have entered an eight‑week run. This suggests that market participants have a high risk appetite and a positive sentiment. Technically, the S&P 500 (SPX) is trading just below its 20‑day moving average (7443.65) and the RSI sits at a neutral 50 level. The MACD line remains below the signal line, indicating a short‑term weakness. However, the flow of news and the fact that the 50‑day moving average (7402.50) remains above support a potential upward move.

NVDA has delivered a strong performance with a 4.18% increase in the last 24 hours, trading above its 20‑day and 50‑day moving averages. The RSI stands at 54, not in over‑bought territory, reducing the risk of a short‑term sharp rally. Although the MACD is slightly below the signal line, the overall trend remains bullish, and the 8‑week entries of AI‑focused funds could support the continuation of this positive momentum. A modest price uptick is expected within 1‑3 days, but the likelihood of a sudden reversal is low. Consequently, the short‑term outlook is “up.”

Apple’s (AAPL) last closing price sits above both the 20‑ and 50‑day moving averages, indicating a short‑term bullish trend. The RSI is at 66, close to the overbought region but not yet overextended, suggesting the price has potential for a brief rebound. The MACD remains below the signal line, which could signal modest resistance in the near term. Global equity funds backing the AI rally inject positive sentiment into the technology sector. Taken together, these factors point to a modest upside for AAPL within 1–3 days.