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    NASDAQ sets new intraday record but experiences pullback while keeping overall gains.

    by VT Markets
    /
    Sep 8, 2025
    **Failed Breakdowns Suggest Ongoing Buyer Strength** Today, several companies made notable gains. Robinhood Markets rose by 13.94%, Broadcom by 3.81%, and Alibaba by 3.07%. Other significant increases included Palantir at 2.89% and Lam Research at 2.74%. Synopsys climbed by 2.70%, while Cadence Design Systems increased by 2.67%. GameStop went up by 2.63%, and Uber Technologies added 2.48%. Live Nation Entertainment and Amazon.com grew by 2.30% and 2.07%, respectively, with Tencent and NVIDIA each rising by 1.84%. The NASDAQ briefly reached a new high at 21,885.62 but quickly pulled back. This shows hesitation among buyers. For traders, this failed breakout serves as a warning. It might be risky to chase the market with long call options right now; instead, consider short-term bearish positions if the index drops further. **Market Sentiment and Strategy** The market is adjusting to a challenging economic environment. Recent Consumer Price Index data for August 2025 shows inflation cooling at 2.9%, which has boosted optimism. However, with the Federal Reserve meeting coming up soon, the market is showing signs of uncertainty about future interest rates. This is happening even though the August jobs report showed a solid increase of 175,000 jobs. Keep an eye on the 200-hour moving average. It has often served as a support level for buyers throughout August 2025. Just like the rally patterns seen in 2024, dips to this level have been great buying opportunities. A smart strategy would be to sell out-of-the-money puts or try bull put spreads as the index nears this moving average, betting that support will hold strong again. Create your live VT Markets account and start trading now.

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