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.
RECENT TREND:
- THE NASDAQ 100 IS NOW UP MORE THAN 80% 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.
US FEDERAL RESERVE HAS BEGUN YET ANOTHER INTEREST RATE CUT CYCLE:
- BREAKING (SEPTEMBER 18): FEDERAL RESERVE ANNOUNCED ITS FIRST INTEREST RATE CUT SINCE 2020. US Federal Reserve decided to cut its benchmark interest rate by 0.50% points on September 18, to 5.00% from the previous 5.50%. The bank expects to cut rates two more times in 2024 to slash its benchmark rate to 4.5% by the end of 2024. The bank expects rates to fall to 3.5% in 2025 and further down to 2.9% in 2026.
- NEXT FED INTEREST RATE DECISION: November 7, 2024. As of October 23, the market sees higher chances for 25 basis points interest rates cut. This could bring current rates of 5.00% down to 4.75%.
STATISTICS:
- LAST EIGHT QUARTERLY EARNINGS SEASONS: THE ARTIFICIAL INTELLIGENCE (A.I.) EUPHORIA HAS CREATED ON AVERAGE A 3.76% INCREASE FOR THE USA100 DURING THE EARNINGS SEASONS. The table below illustrates price reactions of the three major US stock indices. On average, the USA100 index has risen by 3.76% each quarterly earnings season since Q3 2022. Over the same period, the USA500 index rose 3.00%, while the USA30 index climbed around 3.04%.
- Q3 EARNINGS SEASON: OCTOBER 11- NOVEMBER 15. The new earnings season in the US has kicked off with the banking sector in mid-October, while some large companies such as Meta, Microsoft, Apple, Amazon are expected to report their Q3 earnings results by the end of October.
Data Source: MetaTrader 4 Platform
Please note that past performance does not guarantee future results
EARNINGS CALENDAR: Q3 Earnings Report Dates for some of the most known tech companies in the world
- AMD: TUESDAY, OCTOBER 29, AFTERMARKET
- ALPHABET (GOOGLE): TUESDAY, OCTOBER 29, AFTERMARKET
- MICROSOFT: WEDNESDAY, OCTOBER 30, AFTERMARKET
- META (FACEBOOK): WEDNESDAY, OCTOBER 30, AFTERMARKET
- APPLE: THURSDAY, OCTOBER 31, AFTERMARKET
- AMAZON: THURSDAY, OCTOBER 31, AFTERMARKET
Data Source: Bloomberg Terminal
USA100, October 24, 2024
Current Price: 20,350
|
USA100 |
Weekly |
|
Trend direction |
|
|
21,700 |
|
|
21,200 |
|
|
20,850 |
|
|
19,900 |
|
|
19,700 |
|
|
19,500 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
USA100 |
||||||
|
Profit or loss in $ |
13,500 |
8,500 |
5,000 |
-4,500 |
-6,500 |
-8,500 |
|
Profit or loss in €² |
12,503 |
7,872 |
4,631 |
-4,168 |
-6,020 |
-7,872 |
|
Profit or loss in £² |
10,425 |
6,564 |
3,861 |
-3,475 |
-5,019 |
-6,564 |
|
Profit or loss in C² |
18,649 |
11,742 |
6,907 |
-6,216 |
-8,979 |
-11,742 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 08:00 (GMT+1) 24/10/2024
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.