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Nasdaq 100 (NDX)

Currency in USD

Nasdaq 100 Forum Discussions

In the news:- '' U.S. crude oil breaks above $87 as Israel reportedly preparing for Iran attack this weekend'' - a big 200 point gap down today and only muted buying interest so far - not surprising !
ps - I suspect the indexes are doing what they do at times of uncertainty - make a big chart triangle.....
Favourable PPI inflation data has turned yesterday's bear into today's bull ! - looking for a gap fill up to Tuesday's close at 18169 and then speculatively on to 18200...
Fed meeting minutes at 19.00 BST today - maybe a hint of optimism there for the for the market to reduce losses ?
It's the critical CPI inflation data today at 13.30 BST - probably as easy as 'if inflation increases the market will fall' and vice versa. However, the market appears to be expecting a modest decrease which could propel the Naz up towards 18450 resistance if correct. However, I'm watching the US crude oil price - if it rallies up to an inflationary $100 + it could send stocks into a sharp decline soon imho.
I suspect lower before there is a sustainable rally. It could be months before inflation falls imho.
Ohh it's gone up
As we see today, not a sustainable rally ;-)
will sell
NASDAQ will go up or not?
‏Look at the form of the rise and you will see how stubborn and deceptive it is by CFD system
The current market phase appears to be 'selling at the highs' with the Naz forming a rolling top and the SPX a head and shoulders pattern (30 min chart etc). Likely the start of a declining wave 4 if you're into Elliot wave, that could be similar to the wave 2 that occurred between July and October last year. Gold has surged to an all time high and US crude oil is surging towards $100 which could tip stocks into a correction imho.
Wow - the drop is on the money bro, hats off!
no Stop before 17800 positionally
sell nas at 16:00
In the news:- ''JP Morgan says stocks are so crowded they may crack at any time'' - The Fed's favourite inflation data, the PCE index is released tomorrow when the market is closed. When the market reopens on Monday (April Fool's day! ) I suspect we could see a 'crack' in the market if inflation is still surging due to rising oil prices. Good Luck y'all ;-)
Yeah I think we’ll see it go down to 18000 at least for now! Who knows after that.
correctly as big players planned it earlier to have a big crash in April but leaked early
closing at deep red
We are to be continue getting 30+% or more this year like the previous year. We need the bull case here.
will nas buy at 16:30
Bulls win big on Fed rates day although the decision was not entirely bullish! - no rate cut and only vague suggestions about when a cut will occur. The Naz has rallied to the 18400 - 450 prior resistance zone and the SPX has rallied to the major daily chart resistance line originating from October 23. Watching for end of quarter selling kicking in soon.
Man this will gradually cool - there was talks of slowing the reduction of balance sheet in short term...
Fed neutral as usual with no confirmation on cuts but confirms slowing liquidity fairly soon...
Nifty will be sell no raise... let's see... tomorrow, Guy's..
expecting 250-300 points down
Mega important Fed rates decision today at 19.00 GMT, and inflation is not falling as fast as Mr Powell would like which could lead to an aggressive statement. Will the market close higher or lower today ? Thumbs up for higher / Thumbs down for lower. Good Luck! ;-)
Correction:- 18.00 GMT due to US clocks having gone forwards 1 hour.
this crap will face huge crash
A massive rally today fuelled I suspect, by short covering from Friday's options expiration. A few storm clouds on the horizon with the 10 year note staying well above 4%, US crude oil breaking out of a long term trendline likely heading for $120, and the crucial Fed rates decision this Wednesday. The gap down to Friday's close at 17808 could be closed this week imho.
Agreed! In addition, DXY has bounced from lows and is maintaining strength. Looking poised to gain more momentum as Fed delivers no rate cut. Dollar bull, 10year Treasury Bull, oil bull...almost everything else bear? (perhaps China bull)
I suspect a 'start high, finish lower' kind of week. I can't imagine the Fed having any good news for stocks......
Impressive head and shoulders pattern in play (30 min chart) and plenty of evidence of selling the tops this week. Was last Friday's high of 18413 the very top? We'll find out soon imho.....
Thanks for all your good work - do you have a blog I can follow? Are you on reddit
Addressed to Mr. J
No blog, No reddit. Good luck!
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