CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.

USA100

Special Reports - 09/07/2024

09 July, 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 including Amazon, Google, Nvidia, Meta, and Microsoft.

ANALYSIS:

  • THE NASDAQ, THE MARKET 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.

STATISTICS:

  • LAST SEVEN QUARTERLY EARNINGS SEASONS: THE ARTIFICIAL INTELLIGENCE (A.I.) EUPHORIA HAS CREATED ON AVERAGE A 4.95% 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 4.95% each quarterly earnings season since Q3 2022. Over the same period, the USA500 index rose 3.68%, while the USA30 index climbed around 3.34%. NEXT (Q2) EARNINGS SEASON: JULY 15 – AUGUST 15, 2024.

Data Source: MetaTrader 4 Platform

Please note that past performance does not guarantee future results

  • USA100: JULY PERFORMANCE (2015 – 2023): THE USA100 ROSE ON AVEARGE 4.66% EACH JULY SINCE 2015

Data Source: Bloomberg

Please note that past performance does not guarantee future results

NEXT EVENTS:

  • THURSDAY, JULY 11 AT 13:30 GMT+1: US INFLATION (CPI) (JUNE). The United States will be reporting CPI data. The US CPI has been trending lower, well below its 2022 peak of 9.1%. The most recent print showed CPI at 3.3%. Should the CPI come in lower than expected, US stock prices could move higher on dovish expectations.
  • THURSDAY, JULY 25 AT 13:30 GMT+1: US GROSS DOMESTIC PRODUCT (GDP) (Q2) (first preliminary data). The US Economy grew by 1.4% in Q1 of 2024, down from Q4 of 2023 of 3.4%. If the trend continues on, the US Fed might be encouraged to act and sooner than later decide to cut its benchmark interest rate in order to support growth. This could potentially support the US stock prices.
  • WEDNESDAY, JULY 31 AT 19:00 GMT+1: US FDERAL RESERVE INTEREST RATE DECISION. Federal Reserve Bank will meet on July 31, to set the Fed Funds rate target. According to the most recent estimates, some analysts are expecting the Federal Reserve to hold interest rates at the current level of 5.50%, but chances have been rising for a September cut.

USA100, JULY 9, 2024
Current Price: 20,700

USA100

Weekly

Trend direction

UP

Resistance 3

22,500

Resistance 2

22,000

Resistance 1

21,500

Support 1

20,000

Support 2

19,800

Support 3

19,600

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

13,000

8,000

-7,000

-9,000

-11,000

Profit or loss in €²

16,629

12,010

7,391

-6,467

-8,314

-10,162

Profit or loss in £²

14,042

10,141

6,241

-5,461

-7,021

-8,581

Profit or loss in C²

24,546

17,728

10,909

-9,546

-12,273

-15,000

1. 1.00 lot is equivalent of 10 units

2. Calculations for exchange rate used as of 11:30 (GMT+1) 09/07/2024

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.
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