Nasdaq100
Apple Next Target is Channel TopNow Apple Successfully Breakout above the Resistance level and Trading Within the Channel. Apple Next Target is the Channel Top.
Refer this image, Before Breakout the Resistance level.
I shared the Same Channel Pattern on TradingView for Bitcoin. Refer to this Images, showing Before and After the Target was Achieved.
The Channel is used to identified the Next Target (or) Next Impulse. Refer below
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Nasdaq 100 hits fresh highs as correction risks riseMajor US technology stocks have pushed higher today, maintaining their gains following Powell's press conference last night. Despite the Dow closing lower yesterday, tech-heavy indices like the Nasdaq 100 have continued to gain ground. The technology sector continues to drive market performance; without it, the stock markets would look significantly different. With technology shouldering much of the burden, the question arises as to how long this sector can support the market. While a correction is possible, the indices have not yet shown a clear topping pattern. For now, buying dips in tech-heavy indices appears to be a more prudent strategy than attempting to time the market top, despite growing concerns over valuations.
Tesla and Broadcom Provide Additional Boost
Several technology companies saw their shares surge at the open, including Tesla, after Elon Musk announced that shareholders had overwhelmingly voted to re-approve his compensation package and move the company’s state of incorporation to Texas. Another tech company, Broadcom, a chip supplier for Apple, reported results that exceeded estimates due to strong demand for artificial intelligence products.
Stocks March Higher Despite Macro Concerns
Today’s softer PPI data offers some relief, but the fight against inflation continues. At 3.4%, CPI inflation remains well above the Fed’s target, staying above 3% for the 38th consecutive month. Super core CPI, which includes core services inflation minus shelter, increased 5% year-over-year in May, its highest level since April last year. This makes the cost of living extremely high, especially considering that median US house prices are at an all-time high of $434,000 and GDP growth slowed to 1.3% in the first quarter. Additionally, there are no plans to address the nearly $35-trillion national debt and rising deficits.
Fed Signals One More Rate Cut, but Markets Want More
The Federal Reserve reduced expectations for interest-rate cuts this year, though Chair Jerome Powell left open the possibility for more cuts, emphasizing that the new forecasts were conservative. Policymakers' updated economic projections now indicate they expect to lower borrowing costs only once in 2024, down from the three reductions previously anticipated. Despite positive consumer price data released yesterday, they also raised their inflation forecasts. This cautious stance, however, did little to deter bond traders, who continued to bet on rate cuts.
Written by Fawad Razaqzada, market analyst at FOREX.com
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Microsoft Next High & Target is Channel Top $570, ( AB = CD )Microsoft is Trending within the Channel. Next High and Target is the "Channel Top" at $570. Additionally, the ( AB = CD ) concept indicates that the AB impulse is Equal to the CD impulse.
I want to help people Make Profit all over the "World". Additionally, I am Eager to Receive Money form Worldwide because of my Potential. Thank you
Long in $COIN
After hitting annual highs, the value has corrected with a decrease in volume and correcting a bearish divergence in RSI. At this time, the short-term bearish trend has already been broken and we have a positive signal with the crossover in the Stoch RSI, which is in oversold territory.
For its part, Bitcoin looks equally good technically and the on-chain indicators show us that there is probably a good path left in the bull market.
Nasdaq buy setup institutional tactics hello traders this is my nas100 buy setup
risk reward 1:10
the system: institutional tactics
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Nasdaq Index Shows Uncertainty Ahead of PCE ReleaseNasdaq Index Shows Uncertainty Ahead of PCE Release
The main event of the week is the release of the Personal Consumption Expenditures (PCE) index, which the Federal Reserve particularly focuses on when assessing inflation in the US. The release is scheduled for Friday at 15:30 GMT+3. As this important event approaches, rumours and trader expectations about the news increasingly impact the current price on the stock market.
According to ForexFactory, the Core PCE Price Index on a monthly basis is as follows:
→ forecast for Friday = 0.3%.
→ previous value (a month ago) = 0.3%;
→ value two months ago = 0.3%.
These figures indicate stable inflation, but surprises are not ruled out, which could certainly lead to a spike in volatility.
The price of the Nasdaq index (US Tech 100 mini on FXOpen) has decreased since the beginning of the week – this may indicate market participants' uncertainty about whether inflation will decrease. Meanwhile, as CNBC reports, the president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, believes that the Fed should wait for significant progress in combating inflation before lowering interest rates.
In his opinion, rates could potentially even be raised if inflation fails to decrease further. “I don’t think we should rule anything out at this point,” Kashkari added.
Technical analysis of the Nasdaq index (US Tech 100 mini on FXOpen) chart shows that:
→ the price is in an uptrend (shown by the blue channel);
→ the 18840 level is acting as resistance (indicated by the arrow).
Note the behaviour of the Nasdaq index price (US Tech 100 mini on FXOpen):
→ the upward impulse A→B was sharp, but it failed to hold above the 18840 level;
→ the upward impulse C→D is less sharp, judging by the slope of the trajectory. After overcoming the 18840 level, the price formed a rounding pattern (a sign of demand deficit) and decreased (confirmation of weakness). Notably, the price did not reach the upper boundary of the channel (shown by the red circle).
Today, the price is near the median line of the ascending channel, which could lead to some consolidation in anticipation of the news. If the news indicates a slowdown in inflation, we might see a new attack on the 18840 level; otherwise, the Nasdaq index price (US Tech 100 mini on FXOpen) could decrease to the lower boundary of the current channel.
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NASDAQ, S&P 500 Trying to Rebound From Q2 LowsOn Wednesday, volatility surged back into the market, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week. The yield on the 30-year Treasury note, a crucial benchmark for mortgage rates nationwide, soared to 4.74%, rising more than 15 basis points over two sessions and nearing its highest close since May 2. As yields climbed, bond prices dropped, with the iShares 20+ Year Treasury Bond ETF falling 1.3%. Investors fear that the Fed will not cut interest rates more than once by the end of the year and not before November, as suggested by current Fed futures pricing.
All major U.S. equity indices and all eleven sectors traded in the red, with the U.S. dollar effectively playing its safe haven role. The Invesco DB USD Index Bullish Fund ETF rose 0.5%, marking its strongest day in a month. Rising yields and a stronger dollar pressured commodities, with gold prices down 1%, oil down 1.3%, and natural gas down 5%.
Semiconductor giant NVIDIA Corporation has been surging in value and could soon be the most valuable company in the world. The strong gains for Nvidia and other Magnificent 7 stocks have helped boost several major stock indexes, but also show significant weighting for a small basket of stocks. The top five holdings in the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust, are Microsoft, Nvidia, Apple, and Amazon.com Inc., which are all Magnificent 7 stocks.
Analysts predict Nvidia shares will trade higher in the coming months with strong optimism for new products and continued artificial intelligence growth opportunities. However, the concern for investors could be the high weighting the seven companies have on a composite index that is supposed to represent the overall U.S. stock market. With 500 stocks represented in the SPDR S&P 500 ETF Trust, the fact that the top seven companies make up 31%, means that 493 stocks make up around 69% of the weighting.
NASDAQ (US100): Possible scenarios NASDAQ is the strongest index in comparison to S&P500 and Dow Jones.
If the price wants to move lower, it should stay below the inversion, if it happens then we can target the previous week's low and sell-side liquidity, but if the price breaks the inversion we will see the new all-time high again.
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🗓️27/05/2024
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Buckle Up! Nasdaq Soar on Nvidia's AI Powerhouse ForecastThis analysis examines the potential for continued growth in the Nasdaq-100, fueled by Nvidia's positive earnings outlook. The analysis explores the following key points:
* Nvidia's Strong Earnings Projection: Nvidia, a leading player in the artificial intelligence (AI) sector, recently released a robust quarterly forecast, boosting investor confidence in the technology sector and potentially propelling the Nasdaq-100 to record highs.
* Market Volatility Expected: The analysis acknowledges the potential for significant price fluctuations following Nvidia's earnings release, as options markets anticipate an 8% move for the stock. This volatility could have a ripple effect on the broader "AI Revolution" trade, which has become a dominant force in the stock market.
* Growth Stocks to Consider: The analysis identifies three high-growth stocks with the potential to outperform the Nasdaq-100: Alphabet, Deere & Company, and AeroVironment. Each company is discussed in the context of its specific growth drivers.
* AI and Technology Driving Growth: The analysis concludes by reiterating the significant role that AI and technology advancements play in the Nasdaq-100's overall performance. The ongoing innovation by key players like Nvidia, coupled with the positive outlook for companies like Alphabet, Deere, and AeroVironment, positions the Nasdaq-100 for continued growth.
NAS100 FORECASTThe previous updated analysis on NAS100 indicates that it has successfully reached our full target. Currently, it is expected that the prices will fluctuate within the range of 18,890 to 18,712. However, if the pivot line at 18,712 is breached, the decline is likely to extend to 18,642.
Key Levels:
Bullish Line: 18890, 18970, 19050
Pivot Line: 18712
Bearish Line: 18805, 18642, 18548, 18330
NAS100 FORECASTThe current forecast for OANDA:NAS100USD indicates a likely bullish trend. As long as the 4h candle opens above 18550, the index is expected to trend upwards, initially reaching 18725 and then continuing to the strong bullish target of 18805. Conversely, if the 4h candle opens below 18550, the trend will likely shift downward, first reaching 18415 and then moving to the strong bearish support at 18330.
Key Levels:
Bullish Line: 18675, 18725, 18805
Pivot Line: 18550
Bearish Line: 18475, 18415, 18330
NAS100 Hits Record Ahead of NVIDIA but RSI DivergesThe tech-heavy index runs its best month of the year, extending the advance to new record highs. After last week’s CPI moderation, markets strengthened their bets for two rate cuts by the Fed this year, beginning in June. NAS100 now eyes the psychological 19K mark.
On the other hand, the disinflation process has slowed this year and Fed officials have turned cautious around a pivot, adopting a higher-for-longer narrative, while the hawkish commentary continued this week from various policymakers. On the technical side, the RSI did not follow prices higher, in a divergence that creates risk for a pullback towards the EMA200 (black line). Daily closes below it, would pause the bullish bias, but that would need strong catalyst.
Even if a pullback ensues, the path of least resistance is higher. NAS100 has looked past the Fed’s cautious shift, largely due to the generative AI boom and investors now await Wednesday’s results by NVIDIA, its enabler and main beneficiary. After February’s last report, the stock had jumped more than 12% and had lifted NAS100 with it, so there is potential for volatility.
NVIDIA expects new record revenues due to AI demand and growth to the tune of 235% y/y. This would mark a small slowdown in pace and markets will want to see if it can continue to post eyewatering numbers, or if cracks will begin to appear.
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