US stocks have shown gains in five of the last six sessions, but face technical resistance as Microsoft and Nvidia remain below their 100- and 200-hour moving averages. In contrast, Apple and Alphabet are trading above these key averages, providing support to broader indices. The mixed performance of Meta adds to the uncertainty. The lack of participation from major tech stocks like Microsoft and Nvidia could hinder a sustained market rally, impacting equity beta, the US dollar, and high-beta currencies.