^NDX Today: January 03 AI-led rebound; Jim Chanos warns on profitless plays
Nasdaq 100 today opened strong on January 03 as AI-heavy mega-caps lifted sentiment, before momentum cooled. The index printed 25,524.27 at the open, touched 25,597.65, and later eased toward 25,206.17. The move matters for Japan investors who track U.S. tech via yen accounts and local ETFs. While AI stocks rally, famed short seller Jim Chanos warns the market is in a greed phase, urging caution on profitless names. We map the day’s levels, signals, and practical steps for positioning from Japan.
Market snapshot: open pop, fade intraday
Nasdaq 100 today kicked off higher, reflecting renewed demand for mega-cap AI plays. The index opened at 25,524.27 versus the prior close of 25,249.85 and quickly reached 25,597.65. Buyers focused on large, profitable platforms tied to AI infrastructure and software. For Japan investors, the early pop supported dollar assets held in yen, even as intraday volatility stayed elevated.
By mid-session, Nasdaq 100 today slipped to 25,206.17, down 0.17%, with an intraday low of 25,086.36 as early gains faded. The Dow opened higher, aiding broader risk tone, but tech momentum cooled as traders locked in quick profits. See the open read on the Dow move from Kabutan source. Short swings remain common around key resistance zones.
Chanos warning: quality over hype
Jim Chanos said U.S. stocks look like a greed phase and flagged risks in profitless, third‑tier names. His view aligns with a maturing AI trade where capital should favor cash-generating leaders. For context on his comments, see Nikkei’s report source. Nasdaq 100 today reflects this split, with quality factors outperforming speculative growth.
Nasdaq 100 today may keep rewarding profitable AI leaders while weaker, cash-burning stories lag. From Japan, consider sticking with quality screens and broad, liquid funds that track the index rather than chasing thinly traded small caps. Yen-based buyers can use hedged or unhedged exposures depending on their USD view, and scale entries to manage intraday swings.
Technical levels to watch on January 03
Signals for Nasdaq 100 today are mixed. RSI sits at 46.95, near neutral. MACD (36.09) runs below its signal (53.03) with a negative histogram of -16.94, hinting at waning momentum. ADX at 13.48 indicates no strong trend. ATR of 320.70 suggests wide daily ranges. The Bollinger middle band at 25,412.34 is a useful intraday pivot to gauge strength or weakness.
Traders can frame Nasdaq 100 today with resistance near 25,600 and the Bollinger upper band at 25,986.75. Supports sit around the middle band 25,412.34, the lower band 24,837.93, and Keltner lower 24,716.23. The 50-day average at 25,324.59 is a nearby reference; the 200-day at 22,920.33 underpins the longer uptrend context.
Outlook and strategy for Q1
Model baselines for Nasdaq 100 today imply a 1‑month target of 24,812.16 and a 3‑month view of 25,558.05, with a conservative yearly case near 22,617.95. These are not guarantees, but they frame a path where AI strength alternates with profit-taking. We expect leadership from profitable AI names, with dips likely bought while momentum signals remain neutral.
For Japan investors tracking Nasdaq 100 today, consider staggered purchases near support bands and review currency policy. Unhedged exposure benefits if USD strengthens versus JPY, while hedged funds reduce FX noise. Use broad ETFs for core exposure, add on pullbacks, and set clear exit rules if the index closes under key supports.
Final Thoughts
Nasdaq 100 today showed a classic open pop led by AI leaders, then cooled as traders booked gains. The Dow opened higher, but intraday resistance near 25,600 capped moves. Jim Chanos’ warning argues for quality over hype, especially against profitless third‑tier stories. For Japan investors, the practical path is clear: focus on cash‑generating AI platforms, use broad, liquid exposure, and respect technical levels like 25,412 and 24,838. Stagger entries, review FX hedging based on your yen view, and trim into strength near resistance. If momentum firms above the Bollinger midline, add selectively; if it slips below key supports, wait for better prices.
FAQs
Early buying centered on AI-heavy mega-caps, lifting the index at the open to 25,524.27 and a high of 25,597.65 before momentum eased. A positive tone from the Dow’s higher open also helped risk appetite in early trade, though profit-taking later trimmed gains.
He says the market looks like a greed phase and highlights risks in profitless, third‑tier names. For strategy, prioritize profitable AI leaders with strong cash flow and avoid thinly traded, cash-burning stories. This tilt can reduce downside if speculative sentiment cools.
Watch 25,412.34 as the Bollinger midline pivot, resistance near 25,600 and the upper band at 25,986.75. Supports include 24,837.93 and 24,716.23. ATR near 320 points signals wider swings, so place stops and entries with that volatility in mind.
Decide between hedged and unhedged funds based on your USD/JPY view. Unhedged positions gain when USD rises versus JPY, while hedged products reduce currency swings. Split entries across days and consider adding on dips near support to manage timing risk.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
