{"id":434833,"date":"2026-07-28T00:43:28","date_gmt":"2026-07-27T17:43:28","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-shares-remain-under-pressure-sp-moves-below-trendline-434833\/"},"modified":"2026-07-28T00:43:28","modified_gmt":"2026-07-27T17:43:28","slug":"nasdaq-shares-remain-under-pressure-sp-moves-below-trendline","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nasdaq-shares-remain-under-pressure-sp-moves-below-trendline-434833\/","title":{"rendered":"NASDAQ shares remain under pressure. S&amp;P moves below trendline"},"content":{"rendered":"<div>\n<blockquote>\n<p class=\"PDq2pG_selectionAnchorContainer\">The AI and semiconductor sector was one of the market&#8217;s weakest areas today as investors locked in profits ahead of another key week of earnings. Selling was widespread across chip designers, equipment makers, memory producers, and AI infrastructure stocks, reflecting a combination of stretched valuations, elevated expectations, and sector rotation rather than company-specific news.Some of the losers today include:\u00a0<\/p>\n<ul>\n<li>\n<li>SanDisk (SNDK) is down $179.36 or -12.49%<\/li>\n<li>Coherent (COHR) is down $24.04 or -8.51%<\/li>\n<li>Advanced Micro Devices (AMD) is down $42.44 or -8.13%<\/li>\n<li>Lumentum Holdings (LITE) is down $60.65 or -7.95%<\/li>\n<li>Lam Research (LRCX) is down $22.86 or -7.49%<\/li>\n<li>ASML Holding (ASML) is down $127.44 or -7.25%<\/li>\n<li>Astera Labs (ALAB) is down $18.06 or -6.19%<\/li>\n<li>Applied Materials (AMAT) is down $33.01 or -6.16%<\/li>\n<li>KLA Corp. (KLAC) is down $12.46 or -5.92%<\/li>\n<li>Micron Technology (MU) is down $53.57 or -5.82%<\/li>\n<li>NVIDIA (NVDA) is down $11.34 or -5.48%<\/li>\n<li>Credo Technology (CRDO) is down $10.74 or -5.04%<\/li>\n<\/ul>\n<p>The Nasdaq index is puring back toward its 100 day MA at 24733. The low has reached 24774.87.\u00a0 The 38.2% of the move up from the March low is at 24707.22.\u00a0\u00a0For the S&amp;P, it is dipping below the trend line near 7394. The price is just below that level currently.\u00a0 Seller are making a play. Can they keep the sellers in control?This week is a key earnings calendar week with Microsoft, Meta (Wednesday) and Apple and Amazon (Thursday) leading the charge.\u00a0\u00a0<\/p>\n<ul>\n<li>Tuesday:Before Open: Boeing, Coca-Cola, PayPal | After Close: Visa, Ford, Mondelez.\n<\/li>\n<li>Wednesday:Before Open: Procter &amp; Gamble, ADP, SoFi | After Close:Microsoft, Meta, ARM, Qualcomm, Lam Research, Starbucks, Robinhood.<\/li>\n<li>Thursday:Before Open: Mastercard, Bristol Myers Squibb | After Close:Apple, Amazon, Coinbase, MicroStrategy.<\/li>\n<li>Friday:Before Open:Exxon Mobil, Chevron, AbbVie, Moderna.<\/li>\n<\/ul>\n<\/p>\n<\/blockquote>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The AI and semiconductor sector was one of the market&#8217;s weakest areas today as investors locked in profits ahead of another key week of earnings. Selling was widespread across chip designers, equipment&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434833","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434833"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434833\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}