USA100

Special Reports - 18/06/2024

18 June, 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 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, Google, Nvidia, Meta, and Microsoft.

KEY CONSTITUENTS CONTINUE STRONG PERFORMANCE IN 2024:

NVIDIA +164.49%
GOOGLE +26.88%
AMAZON +21.14%
META +43.13%
MICROSOFT +19.23%

*Note, price appreciation uses closing prices as of 17 June, 2024

Also, please note that past performance does not guarantee future results.

Analysis:

THE NASDAQ BULL RUN CONTINUES, WITH THE MARKET NOW UP 87.75% 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.
USA100 BULL RUN OCTOBER 2022 TO JUNE 2024 –

Source: MetaTrader 4 Platform

MOST RECENT BULL MARKETS

Data Source I: MetaTrader

Data Source II: First Trust

Please note that past performance does not guarantee future results

ANALYST OPINION: ACCORDING TO BLOOMBERG, THE ANALYST PRICE TARGET CONSENSUS ON THE USA100 IS AROUND 20,940.

USA100, JUNE 18, 2024
Current Price: 20,200

USA100	Weekly
Trend direction	UP
Resistance 3	22,000
Resistance 2	21,500
Resistance 1	20,940
Support 1	19,600
Support 2	19,400
Support 3	19,200

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 $	18,000.00	13,000.00	7,400.00	-6,000.00	-8,000.00	-10,000.00
Profit or loss in €²	16,788.96	12,125.36	6,902.13	-5,596.32	-7,461.76	-9,327.20
Profit or loss in £²	14,192.34	10,250.02	5,834.63	-4,730.78	-6,307.71	-7,884.63
Profit or loss in C²	24,751.17	17,875.85	10,175.48	-8,250.39	-11,000.52	-13,750.65

1. 1.00 lot is equivalent of 10 units

2. Calculations for exchange rate used as of 10:20 (GMT+1) 18/06/2024

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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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. 70.91% 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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