CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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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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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. See full risk warning

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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.

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