Micro Nasdaq futures traded slightly higher today, with the contract hovering around 18,050 as traders eyed tech earnings and Fed policy cues. Market sentiment remains cautiously bullish, supported by stronger-than-expected chip sector revenue data. Analysts project short-term consolidation in the 17,900–18,200 range before a potential breakout if AI stocks sustain momentum. This classic market dynamic, where seasoned institutions sell into buying from individual investors, is often viewed as a cautionary indicator. It highlights a critical split in sentiment, raising questions about whether retail optimism will be rewarded or if the institutional flight signals turbulence ahead for the market. Shares of Super Micro Computer (NASDAQ: SMCI) are up nearly 18% or $7 a share in the premarket. Much like other tech heavyweights, it’s getting a boost from the cooling trade war and massive deal with Saudi Arabia. This trend signals underlying strength in the tech sector, especially in cloud services and AI chipmakers. Traders expect a push towards 18,200 if macro data turns supportive.
