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AVGO & CRWD Plummet, 10Y Yield Hits 4.49%: Key Levels to Watch
Description
Here is the trade setup for the Thursday open.
Stocks to Watch:
📉 AVGO: Down 12% pre-market as AI chip revenue guidance misses extreme expectations.
📉 CRWD: Dropping 10% on lackluster forward-looking sales outlook.
🚀 SpaceX: Amending prospectus for a $75B IPO, targeting a $1.77T valuation.
🧘 LULU: Flat pre-market but pricing a massive 12% implied move ahead of tonight's earnings.
Key Support & Resistance Levels:
🔔 S&P 500 Futures (/ES): Pivot support at 7,540 - 7,535; Resistance at 7,632.
🔔 Nasdaq-100 Futures (/NQ): Tactical support at 30,310 - 30,270; Heavy ceiling at 30,750 - 30,807.
⚡ 10-Year Treasury Yield: Spiking to 4.48%, compressing tech multiples.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.