From my perspective, this tech-led pullback still looks more like a healthy correction than a confirmed trend reversal. After a powerful AI-driven rally, some consolidation was almost unavoidable. The Nasdaq $NASDAQ(.IXIC)$   underperforming doesn't automatically mean risk appetite is gone — it more likely reflects stretched positioning being unwound and expectations cooling off.

Broadcom $Broadcom(AVGO)$  and Oracle $Oracle(ORCL)$  extending last week's weakness definitely grabs attention, especially with Broadcom marking its worst three-day drop since 2020. But context matters. These stocks had run far ahead of their longer-term averages, and valuations were pricing in near-flawless execution. When expectations are that high, even neutral news can trigger outsized selling.

What I'm watching most closely now is price behavior around key moving averages. If leading tech names can stabilize above rising medium-term MAs and start forming higher lows, that would suggest institutions are still defending core positions. A clean break below those levels, especially on expanding volume, would be a stronger signal that the trend is genuinely shifting.

So far, I don't see signs of broad panic. The weakness is still concentrated in AI-related and mega-cap tech names, while other sectors are holding up relatively well. That kind of divergence usually points to rotation and profit-taking, not a full market-wide risk-off move.

For now, my approach is patience and selectivity. I'm not rushing to buy every dip, but I'm also not assuming this is the end of the tech cycle. If this pullback leads to tighter bases, healthier price structure, and clearer confirmation, I see it as an opportunity to reset risk — not a reason to abandon the long-term tech thesis.

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community. 

@TigerStars  @Tiger_comments