Nasdaq Sets Longest Winning Streak Since 2021: Investors Look Beyond the War

The Nasdaq’s earnings streak that has continued since 2021 has helped investors move away from war concerns and adopt a more positive outlook on the markets. A 24‑hour gain of 2.24% and the fact that the 20‑period simple moving average (SMA20) is above the 50‑period SMA (SMA50) indicate that short‑term support levels are strong. However, the MACD remaining below its signal line suggests a slight short‑term resistance. Overall, a modest upside is expected over a 1‑3‑day horizon, but the signals from technical indicators are inconclusive, so careful monitoring is advised. Market participants may generate buying pressure in the short term by backing the positive news.

Nasdaq’s record of the longest gain streak since 2021 could generate a positive sentiment in the short term. However, with the RSI at 79.2, it is in the overbought region, indicating a potential short‑term correction. The MACD being below its signal line signals a weakening momentum. While being above the 20‑ and 50‑day moving averages supports the continuation of the trend, short‑term volatility could increase. Overall, the market may remain neutral in the short term, but caution should be exercised in trading decisions.

Apple Inc. (AAPL) recorded a 4.4% gain over the past 24 hours, with an RSI of 67.4 placing it in the overbought region. Nevertheless, MACD and SMA indicators support a robust upward trend. The Nasdaq’s earnings streak, which has continued since 2021, casts a positive light on the technology sector. In the short term (1–3 days), the price is likely to move slightly above its current level. However, the elevated RSI suggests a potential short‑term correction should also be considered. Overall, favorable market sentiment and technical signals support an expectation of a short‑term upward move for AAPL.