Hedge Funds Sold Tech Stocks at Record Pace

NVDA fell sharply by more than 10% in 24 hours to 186.68 and is trading below its SMA20 (192.04) and SMA50 (201.77); the short-term trend has deteriorated. RSI14 at 35.97 indicates selling pressure persists but has not yet entered oversold territory; MACD is in negative territory and slightly above the signal line, meaning momentum is weak. News that hedge funds are selling technology stocks at a record pace confirms the current negative pricing and could create additional selling pressure within 1-3 days. Nevertheless, since the bulk of the decline may already have occurred, rebound buying could emerge; therefore the bias is to the downside but confidence should be kept at a moderate level.

The news reports that hedge funds are selling technology stocks at a record pace, creating short-term negative sentiment for high-beta semiconductor stocks such as AMD. The price has already fallen 8.9% in 24 hours and is trading just below the SMA20 (450.5) and significantly below the SMA50 (489), confirming a weak short-term trend. However, RSI14 at 45.8 is far from oversold territory, and although MACD is in negative territory, it is above the signal line (positive histogram), suggesting that downward momentum may be weakening. Therefore, additional selling pressure is possible but limited; a volatile/downward-sloping trend is more likely than a sharp decline. Confidence is moderate because the news is macro/flow-driven and part of the price move appears already priced in.

AVGO declined 11.7% over the past 24 hours to 293.32, with its RSI at 29.7 approaching oversold territory. MACD is below the signal line and remains in negative territory; the price is clearly below both SMA20 and SMA50, indicating a weak short-term trend. News that hedge funds are selling technology stocks at a record pace confirms the existing selling pressure and could further erode risk appetite. However, with RSI near the oversold threshold and most of the decline already realized, there is also a possibility of a partial recovery via bargain-hunting within 1-3 days. Therefore, while the bias remains to the downside, I keep confidence at a moderate level.

The news confirms short-term selling pressure on the tech-heavy QQQ; record-speed hedge fund selling could weaken risk appetite. The price is trading at 656, below the SMA20 (669) and SMA50 (686), indicating the downtrend remains intact. Although the RSI at 34.9 is approaching oversold territory, there is no reversal signal yet; the MACD is in negative territory and very close to the signal line, momentum is weak. After a 4.5% drop in 24 hours, short-term bargain hunting may emerge, but the news flow increases downside risk. Nevertheless, oversold conditions could limit a sharp decline; therefore, confidence should be kept at a moderate level.