NASDAQ 100 WEEKLY ANALYSIS 20 - 24 FEBRUARY
When considering investing in the stock market, it is essential to pay attention to a variety of economic factors that can impact performance. One such factor is inflation rates. When inflation rates increase, interest rates often follow suit, and the stock market can become quite volatile. In fact, some market analysts suggest that an increase in interest rates could even lead to a market crash.
In light of this, it is worth noting that the (FOMC) has the ability to set interest rates, and any decision it makes can greatly impact the stock market. For example, if the FOMC decides to increase interest rates this week, it could negatively affect the Nasdaq100, as investors may be more inclined to move their money to fixed-income securities like bonds.
As a savvy investor, it is important to stay up-to-date with current market trends and identify key support and resistance levels. At present, the market has major weekly resistance levels at 12800-12900 and major support levels at 12200-12250, followed by the 12000 level. Careful analysis of these levels can help traders make more informed decisions about buying and selling positions.
For instance, if the market breaks through the 12450-12500 resistance levels, it may be wise to execute a buy position and take profits at 12700-12800. On the other hand, if the market experiences a rejection from the 12450-12500 resistance levels, it may be more prudent to execute a sell entry and take profits at 12200. And in the event that the market breaks the 12200 support level, executing a sell entry and taking profits at 12000 may be the best course of action.
Ultimately, keeping a close eye on these support and resistance levels is critical for making informed and strategic trading decisions. With the right insights and analysis, investors can be better equipped to navigate the complex and ever-changing stock market.
In light of this, it is worth noting that the (FOMC) has the ability to set interest rates, and any decision it makes can greatly impact the stock market. For example, if the FOMC decides to increase interest rates this week, it could negatively affect the Nasdaq100, as investors may be more inclined to move their money to fixed-income securities like bonds.
As a savvy investor, it is important to stay up-to-date with current market trends and identify key support and resistance levels. At present, the market has major weekly resistance levels at 12800-12900 and major support levels at 12200-12250, followed by the 12000 level. Careful analysis of these levels can help traders make more informed decisions about buying and selling positions.
For instance, if the market breaks through the 12450-12500 resistance levels, it may be wise to execute a buy position and take profits at 12700-12800. On the other hand, if the market experiences a rejection from the 12450-12500 resistance levels, it may be more prudent to execute a sell entry and take profits at 12200. And in the event that the market breaks the 12200 support level, executing a sell entry and taking profits at 12000 may be the best course of action.
Ultimately, keeping a close eye on these support and resistance levels is critical for making informed and strategic trading decisions. With the right insights and analysis, investors can be better equipped to navigate the complex and ever-changing stock market.
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