Nasdaq Surges 25.

Nasdaq Surges 25.9% Off March Lows
The Nasdaq has extended its impressive rally significantly, climbing 25.9% since the March 30th low. The index started from an extremely oversold position, trading 2.85 standard deviations below its 50-day moving average. However, the recovery has been dramatic. By Thursday's close, the Nasdaq finished 13.4% above its 50-DMA, marking the most extended reading since June 2020. While this level indicates strong upside momentum, the index is not yet in extremely overbought territory. This extended positioning reflects the sharp reversal from the March lows and suggests sustained buying pressure in technology stocks. Investors should monitor whether this extension can be sustained or if a pullback to more moderate levels emerges in coming sessions.