Inflows into US equity funds accelerate with tech buying

GOOGL is trading above its 20-day simple moving average (SMA), with the Relative Strength Index (RSI) at 58, indicating a neutral-to-slightly bullish stance. Although the Moving Average Convergence Divergence (MACD) remains below the signal line, it is still in positive territory, suggesting that momentum is being maintained. News headlines highlight increasing fund inflows into technology stocks, which could support demand for major tech names like GOOGL. The short-term uptrend may continue, and with the stock not yet approaching overbought levels, the risk of a correction appears low. Nonetheless, caution is warranted given broader market volatility.

The acceleration of inflows into US equity funds, driven by technology purchases, is a positive short-term signal for the S&P 500 (SPX). The RSI is around 54, in neutral territory with no overbought or oversold pressure. Although the MACD remains below the signal line, it is in positive territory, indicating weak momentum but no bearish trend. The price is just below the 20-day moving average and above the 50-day average, suggesting potential short-term resistance but a still-upward medium-term trend. The news flow and technical structure point to limited upside potential.

Although NDX closed 1.3% lower in the last session, its RSI at 37 is approaching oversold territory. The MACD remains negative and below the signal line, indicating weak short-term momentum. However, news headlines point to accelerating fund inflows into technology stocks, which could support a recovery expectation. The price is trading below both the 20-day and 50-day moving averages, so direction remains uncertain unless a strong catalyst for a rally emerges. In the near term, a sideways trend or limited recovery appears more likely.

Despite technology buying, QQQ fell 1.35% in the last session and closed below its 20-day SMA (725.39). Although the RSI at 36.8 is approaching oversold territory, the MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. While the news headline is positive, technical indicators maintain a bearish bias. Therefore, the likelihood of a continued decline in the short term is higher.