Company Interview / Gary thinks Life360 could do a 180 | the trade

Key points:

Strong momentum in Nasdaq and S&P 500 with bullish technical “spacing” patterns US tech leaders Intel, AMD, ARM and Nvidia extend gains, supporting index strength Pro Medicus (ASX:PME) and Life360 (ASX:360) show potential trend reversals above the 50‑day moving average Banks such as National Australia Bank (ASX:NAB) and Westpac (ASX:WBC) show distribution signals and rising credit risk concerns

Global tech rally drives bullish outlook as banks flag risks,Global equities remain in a powerful uptrend, according to Gary Glover from Novus Capital, with the Nasdaq and S&P 500 pushing to fresh records. Glover points to key resistance levels on the Nasdaq being decisively cleared, alongside rapid recoveries above the 50‑day and 50‑week moving averages, which he regards as classic markers of strong momentum. While valuations in the United States do not appear cheap, he views the current price action and “spacing” above prior highs as consistent with further index expansion, supported by ongoing gains in major names such as Intel, AMD, ARM and Nvidia.

Locally, Glover highlights early technical improvement in growth favourites Pro Medicus (ASX:PME) and Life360 (ASX:360). He notes that both stocks are probing back above their 50‑day moving averages, historically an important trigger level for renewed uptrends in high‑beta growth names. Rising volumes over the past three to six weeks are interpreted as potential accumulation after a deep correction across the Australian tech and SaaS complex.

By contrast, Glover adopts a cautious stance on the major banks, including National Australia Bank (ASX:NAB) and Westpac (ASX:WBC). He points to increased provisioning, signs of consumer strain and technical “distribution” patterns after a sharp final leg higher that makes up roughly half the multi‑year bull-market range.