Wall Street is preparing for a crucial week as major tech companies, known as GAFAM, get ready to announce their earnings results. Alphabet will be the first to report on Tuesday, followed by Microsoft and Meta on Wednesday, and Apple and Amazon on Thursday. These results are highly anticipated by investors as they could have a significant impact on market sentiment leading up to the upcoming US presidential elections.

Alongside corporate earnings, important employment reports will also be released this week. These include the JOLTS report on Tuesday, the ADP report on Wednesday, and the official BLS unemployment rate on Friday. Positive employment figures could boost investor confidence and benefit the markets. However, the rise in long-term bond yields may present challenges for riskier assets. Analysts warn that October's employment data may be affected by disruptions such as the Boeing strike and hurricanes Helene and Milton, which have impacted economic conditions in certain regions.

The technical outlook for the Nasdaq 100 remains positive, but a drop below the 20,000-point mark could indicate a retracement towards the 200-session moving average at 19,000 points. Current trading strategies suggest a market buy entry with a target of 22,000 points and a stop at 19,800 points, indicating a favorable risk/reward ratio.