USA100

Special Reports - 16/05/2024

16 May, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

USA100 Weekly Special Report based on 1.00 Lot Calculation:

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 metric and 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 such as Amazon, Tesla, Nvidia, Meta, Microsoft and Apple.

EARNINGS PERFORMANCE: According to LSEG, on average more than 70% of companies have beat earnings estimates over the past five quarterly earnings seasons.

KEY CONSTITUENTS REPORT STRONG EARNINGS: GOOGLE +8.2% SINCE EARNINGS, AMAZON +7.5% AND APPLE +12.5%. Overall USA100 price return since the beginning of key constituents reporting (April 24, 2024) is +5.60%.

NVIDIA, THE LAST KEY CONSTITUENT, AND THE CONSTITUENT THAT CONTRIBUTES THE THIRD LARGEST WEIGHT TO THE USA100 IS SET TO REPORT EARNINGS ON MAY 22, 2024 (AFTERMARKET): The last key constituent, Nvidia is set to report earnings later this month. Given the strong expectations, if the company delivers a positive earnings report, it could catalyze a move to new all-time highs for the USA100.

USA100, May 16, 2024
Current Price: 18,720.00

USA100	Weekly
Trend direction	UP
Resistance 3	20,025
Resistance 2	19,500
Resistance 1	19,280
Support 1	18,170
Support 2	18,000
Support 3	17,900

Example of calculation base on weekly trend direction for 1.00 Lot¹

USA100
	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	13,050.00	7,800.00	5,600.00	-5,500.00	-7,200.00	-8,200.00
Profit or loss in €²	12,004.86	7,175.32	5,151.51	-5,059.52	-6,623.37	-7,543.28
Profit or loss in £²	10,299.84	6,156.23	4,419.85	-4,340.93	-5,682.67	-6,471.93
Profit or loss in C²	17,780.10	10,627.19	7,629.78	-7,493.53	-9,809.71	-11,172.17

1. 1.00 lot is equivalent of 10 units

2. Calculations for exchange rate used as of 11:00 (GMT+1) 16/05/2024

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient Manager regarding their use.

You may wish to consider closing your position in profit, even if it is lower than suggested one
Trailing stop technique can protect the profit – Ask your Senior Account ManagerClient Manager for more detail

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