Tech Stocks Plunge on Fed Bets, AI Rally Shaken

The headline indicates a Fed-induced decline in technology stocks and a shaken AI rally. GOOGL stock is trading below its 50-day moving average, with an RSI of 48 in neutral territory, signaling weak momentum. The MACD line is below the signal line and in negative territory, supporting a short-term bearish trend. Despite a 1.2% increase in the last 24 hours, the overall technical structure and negative news flow suggest further downside potential in the near term. Therefore, the short-term direction is assessed as downward.

NDX has lost 5.3% in the last 24 hours, entering oversold territory with an RSI of 15.2. The MACD is well below the signal line and in negative territory, indicating strong bearish momentum. The price has closed below both the 20-day and 50-day moving averages. The headline confirms that concerns over the Fed's interest rate policies are negatively impacting the AI rally. Despite short-term oversold conditions, selling pressure is expected to persist due to the downtrend and negative news flow.

The SPX has dropped 2.9% in the last 24 hours to 7,384, with the RSI falling to 17, entering oversold territory. The MACD is well below the signal line and in negative territory, indicating strong bearish momentum. The price is trading below both the 20-day (7,529) and 50-day (7,526) moving averages. News headlines attribute the sharp decline in technology stocks to Fed expectations and a shake-up in the AI rally. Despite short-term oversold conditions, the downtrend may persist; however, the low RSI level could also trigger a potential technical rebound.

Although AAPL's RSI at 36 is approaching oversold territory, the MACD remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below both the 20-day and 50-day moving averages, reinforcing a bearish technical structure. The news headline highlights broad selling pressure in technology stocks and turbulence in the AI rally, which could add further pressure on AAPL. However, the 2% decline in the last 24 hours and the RSI near oversold levels do not entirely rule out a potential short-term rebound. Therefore, I maintain a bearish outlook with medium-to-high confidence.