The S&P 500 (SPX) and the Nasdaq 100 (NDX) slipped lower on Wednesday, as US bond yields rallied ahead of the FOMC policy statement slated for later today, where traders will be watching if the central bank raises interest rates sooner than expected. The benchmark 10-year yield recorded a new 13-month high around 1.67%, which […]
Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BullishNAS100 index fell to the support at level 12250. The upward move is facing rejection at level 13200. The market will retest level 13800 if the resistance at level 13200 is breached. On the other hand, if price breaks […]
Key Support: 12280 Key Resistance: 12800-13000 Long Term View The Nasdaq crashed 12.30% from high to lows to retest the previous key level where buyers jumped in before the Nasdaq rallied 13.80% to all time highs at almost 14000 Fundamentals The Covid Relief plan has passed in Congress and now $1.9 Trillion will be injected […]
Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in an downtrend. The index reaches the high of level 13885 and was repelled. The downtrend has been ongoing. On February 26 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that […]
Key Resistance Zones: 14000, 14100, 14200Key Support Zones: 13400, 13300, 13200 NASDAQ 100 (NAS100) Long-term Trend: BearishNAS100 is in an uptrend. The index reaches the high of level 13885 and was repelled. It fell to level 12757 and resumed upward. Daily Chart Indicators Reading:Presently, the SMAs are sloping upward indicating the uptrend. The index has […]
US-based cryptocurrency exchange Coinbase announced that it has officially filed a registration statement on Form S-1 with the SEC to become a publicly-listed entity on the Nasdaq exchange. The company confidentially submitted a draft registration statement to the Securities and Exchange Commission (SEC) last year to be listed on the exchange. Coinbase chose to go […]
Futures tracking major US equity indexes fell early on Friday, as Wall Street looked set to round off the week with decent gains. At press time, Nasdaq 100 (NDX) futures were down by -0.27%, while the Dow Jones (DJIA) futures and S&P 500 (SPX) futures fell by -0.28% and -0.34%, respectively. Meanwhile, Disney shares climbed […]
Wall Street traded on a very upbeat momentum as investors flooded energy stocks and priced in another round of aid spending from Washington. The Nasdaq 100 (NDX) rose by 0.67% yesterday to record a new all-time high around 13696. The Dow Jones (DJIA) and the S&P 500 (SPX) also recorded new ATHs with +0.76% and […]
Futures tracking the Nasdaq 100 (NDX) and the S&P 500 (SPX) saw record-high figures on Friday, as risk asset investors expect goodish jobs report to confirm that the worst of the labor market crisis is over, alongside additional economic stimulus. The Labor Department is likely to report that the US economy grew by 50k jobs […]
