USA100 Weekly Special Report based on 1.00 Lot Calculation:
USA100 INDEX:
- WHAT IS A STOCK INDEX: According to Investopedia.com, a stock index measures the price performance of a basket (group) of stocks using a standardized methodology. The NASDAQ 100 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
- COMPONENTS: USA100 includes 100 companies including Apple, Google, Nvidia, Meta, and Microsoft.
ANALYSIS:
- THE NASDAQ, THE MARKET IS NOW UP MORE THAN 71% FROM ITS OCTOBER 2022 LOWS: The Nasdaq has sharply rallied from October 2022 lows, as the tech sector continues to remain the best-performing sector in the United States. The Nasdaq rally has outpaced both the S&P500 and the Dow Jones Industrial index since October 2022.
ANALYSIS OF MOST RECENT USA100 PRICE CORRECTIONS:
- JULY- AUGUST 2024: The USA100 has lost 17.31% over that period testing its lowest since April 2024 (17351). Since it tested the mark of 17351, the USA100 has managed to recover by around 7.3%.
- MARCH - APRIL 2024: The USA100 lost 8.52% over that period testing its lowest since January 2024 (17113.75). Since it tested the mark of 17113.75, the USA100 has managed to recover by around 5.0%.
- JULY - OCTOBER 2023: The USA100 lost 11.96% over that period testing its lowest since May 2023 (14140.13). Since it tested the mark of 14140.13, the USA100 has managed to recover by around 27%.
Data Source: MetaTrader4 Platform
NEXT EVENTS:
- WEDNESDAY, AUGUST 14 AT 13:30 GMT+1: US INFLATION (CPI) (JYLY). The US inflation continued falling, marking a decline from 3.5% to the current 3.0% since April. If inflation continues falling, this could encourage the US Fed to start cutting its benchmark interest soon, which in return should put the US dollar under negative pressure. In this case, the US Stocks could come under upward pressure.
EARNINGS CALENDAR: Q2 Earnings Report Dates for some of the most known tech companies in the world
- ALIBABA: THURSDAY, AUGUST 15, PREMARKET
- APPLIED MATERIALS: THURSDAY, AUGUST 15, AFTERMARKET
- BAIDU: THURSDAY, AUGUST 22, PREMARKET
- NVIDIA: WEDNESDAY, AUGUST 28, AFTERMARKET
Data Source: Bloomberg Terminal
USA100, August 9, 2024
Current Price: 18540
USA100 |
Weekly |
Trend direction |
|
21,500 |
|
21,000 |
|
19,400 |
|
17,700 |
|
17,500 |
|
17,300 |
Example of calculation base on weekly trend direction for 1.00 Lot1
USA100 |
||||||
Profit or loss in $ |
29,600 |
24,600 |
8,600 |
-8,400 |
-10,400 |
-12,400 |
Profit or loss in €² |
27,098 |
22,520 |
7,873 |
-7,690 |
-9,521 |
-11,352 |
Profit or loss in £² |
23,184 |
19,267 |
6,736 |
-6,579 |
-8,146 |
-9,712 |
Profit or loss in C² |
40,644 |
33,778 |
11,809 |
-11,534 |
-14,280 |
-17,026 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 10:00 (GMT+1) 09/08/2024
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.