TAG: Nasdaq 100
Week Ahead: NAS100 upside braced for major test
NAS100 up 6% YTD Nvidia earnings could jolt index Keep eye on Fed minutes Prices firmly bullish bu...
7 months ago
US stock market bulls are facing a reality check (3 ominous signs to watch)
Goods-based inflationary pressures in the US may resurface in H2 2024 due to leading bullish momentum built-up in commodities. Persistent low correlation readings among S&P 500 constituents may trigger a spike in the VIX. The leading Nasdaq 100 has d...
7 months ago
Nasdaq 100: Deteriorating market breadth does not bode well for the bulls
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone at 18,435/620. Heightened over-concentration risk from Nvidia as its current year-to-date returns of 87% contributed to 55% of Nasdaq 100’s year-to-date return of 10....
6 months ago
Nasdaq 100: Sandwiched, watch the US 10-year Treasury yield next
Nasdaq 100 has exhibited short-term intraday wild gyrations of 3% to 4% in opposite directions since last week. Today’s data focus will be on US non-farm payrolls and ISM Services PMI for April to offer clues on whether the stagflation risk narrative is...
5 months ago
SPX 500: Further weakness may trigger a medium-term global risk-off event
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500 component stocks can increase the odds of a more pronounced s...
2 months ago
Nasdaq 100: Potential bullish reversal looms ahead of Alphabet and Tesla earnings results
Market breadth indicators (% of component stocks above 20-day & 50-day moving averages) have increased to above 50%. Short-term bullish momentum condition sighted at the retest of its 50-day moving average. Watch the 19,520 key short-term support ahe...
2 months ago
S&P 500, Nasdaq 100 Slide Ahead of Microsoft (MSFT.O) Earnings
The S&P 500 and Nasdaq 100 continue their slide following underwhelming earnings reports and poor risk sentiment. Microsoft’s Q4 earnings are anticipated to be $2.94 EPS on revenue of $64.5 billion, with cloud revenue expected to reach $36.8 billion....
2 months ago
NASDAQ 100 Forecast: Continues to Float Higher
The NASDAQ 100 rallied a bit during the course of the trading session on Tuesday, as we continue to see a little bit of a risk on the move.We have recently bounced from the crucial 200 day EMA and that of course is a technically bullish sign.For what it i...
2 months ago
Pairs in Focus - EUR/USD, NASDAQ 100, Silver, DAX, WTI Crude Oil, USD/JPY, Dow Jones 30, GBP/CHF
EUR/USDThe euro has spent the majority of the last week rising, breaking above the 1.10 level, eventually breaking toward the 1.1050 level before pulling back. At the end of the week, it looks like we are hanging around that 1.10 level again, and at this...
1 month ago
Nasdaq Forecast: Market at a Crucial Turning Point
During my analysis of the NASDAQ 100 on Tuesday, the first thing I noticed is that we are bouncing around an area that has been important more than once.The 19,500 level has been both support and resistance.Now that we are in this region, it suggests that...
1 month ago
Nasdaq Forecast: Chopping Back and Forth
The NASDAQ 100 has been somewhat noisy and negative, but really at this point in time, I think we do have enough support underneath to turn things around and we could go looking to the upside.The 50 day EMA currently sits just below, and it looks like it...
1 month ago
NASDAQ 100 Monthly Forecast: September 2024
The NASDAQ 100 has seen quite a bit of volatility during the month of August, but quite frankly we have seen buyers come in and pick this market up off of a floor that was formed by the 50-Week EMA.At this point in time, it looks like any time this market...
1 month ago
Pairs in Focus - Dow Jones 30, Silver, DAX, EUR/USD, AUD/USD, NASDAQ 100, Bitcoin, USD/JPY
Dow Jones 30The Dow Jones 30 has fallen rather hard during the course of the trading week, and now that we have seen such an ugly turn of events when it comes to the jobs number, it’s not a huge surprise that we could continue to see more downward pressur...
1 month ago
Weekly Forex Forecast – EUR/USD, USD/JPY, USD/CAD, Gold, NASDAQ 100 Index, US 2-Year Treasury Yield
Fundamental Analysis & Market SentimentI wrote on 1st September that the best trade opportunities for that week were likely to be:Long of the EUR/USD currency pair following a bullish daily close above $1.1057. This set up on Wednesday but ended the w...
1 month ago