USA500 Weekly Special Report based on 1.00 Lot Calculation:
USA500 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 S&P 500 Index is one of the world's best-known indexes and one of the most commonly used benchmarks for the stock market.
- COMPONENTS: USA500 includes 500 companies including Tesla, Apple, Google, Nvidia, Meta, and Goldman Sachs.
US HOLIDAY SEASON 2024:
- EVENT (NOVEMBER 29): BLACK FRIDAY. Black Friday is a colloquial term for the Friday after Thanksgiving in the United States. It traditionally marks the start of the Christmas shopping season in the United States. Many stores offer highly promoted sales at discounted prices and often open early, sometimes as early as midnight or even on Thanksgiving.
- EVENT (DECEMBER 2): CYBER MONDAY. Cyber Monday is a marketing term for e-commerce transactions on the Monday after Thanksgiving in the United States. It was created by retailers to encourage people to shop online.
- EVENT (FINAL WEEKS OF DECEMBER): SANTA CLAUS RALLY. According to Investomedia.com, A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday on December 25. Most estimate these rallies happen in the week leading up to the Christmas holiday, while others see trends that begin Christmas Day through January 2.
- POSITIVE MARKET SENTIMENT IN THE PERIOD BETWEEN NOVEMBER AND DECEMBER: THE USA500 INDEX ROSE 7.70% ON AVERAGE (2019- 2023).
Data Source: Meta Trade 4 Platform
Please note that past performance does not guarantee future results
US FEDERAL RESERVE HAS BEGUN YET ANOTHER INTEREST RATE CUT CYCLE:
- BREAKING (NOVEMBER 7): FEDERAL RESERVE ANNOUNCED ITS SECOND INTEREST RATE CUT IN 2024. The US Federal Reserve decided to cut its benchmark interest rate by 0.50% points in September and 0.25% points in November. The bank expects to cut rates one more time 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: December 18, 2024 at 19:00 GMT. As of November 27, the market sees high chances for 25 basis points interest rates cut. This could bring current rates of 4.75% down to 4.50%.
USA500, November 27, 2024
Current Price: 6,020
|
USA500 |
Weekly |
|
Trend direction |
|
|
6,700 |
|
|
6,500 |
|
|
6,200 |
|
|
5,850 |
|
|
5,800 |
|
|
5,750 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
USA500 |
||||||
|
Profit or loss in $ |
6,800 |
4,800 |
1,800 |
-1,700 |
-2,200 |
-2,700 |
|
Profit or loss in €² |
6,464 |
4,563 |
1,711 |
-1,616 |
-2,091 |
-2,567 |
|
Profit or loss in £² |
5,393 |
3,807 |
1,428 |
-1,348 |
-1,745 |
-2,141 |
|
Profit or loss in C² |
9,555 |
6,744 |
2,529 |
-2,389 |
-3,091 |
-3,794 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 13:00 (GMT) 27/11/2024
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.