USA100 Weekly Special Report based on 1.00 Lot Calculation:
USA100 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 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 Apple, Google, Nvidia, Meta, and Microsoft.
RECENT TREND:
- THE NASDAQ 100 IS 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.
US FEDERAL RESERVE HAS BEGUN YET ANOTHER INTEREST RATE CUT CYCLE:
- BREAKING (SEPTEMBER 18): FEDERAL RESERVE ANNOUNCED ITS FIRST INTEREST RATE CUT SINCE 2020. US Federal Reserve decided to cut its benchmark interest rate by 0.50% points on September 18, to 5.00% from the previous 5.50%. The bank expects to cut rates two more times 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: November 7, 2024. As of September 26, the market sees a higher than 60% probability rate for a 50 basis points interest rate cut. This could bring current rates of 5.00% down to 4.50%.
NEXT ECONOMIC EVENTS:
- FRIDAY, OCTOBER 4 AT 13:30 GMT+1: US NONFARM PAYROLLS AND UNEMPLOYMENT RATE (SEPTEMBER). Recent data has confirmed that the labor market in the US has weakened sending the unemployment rate above 4%. The US Fed policymakers expect the official unemployment rate to rise from the current 4.2% to 4.4% in 2024 and 2025. The ongoing troubles within the emolument market in the US could push the US Fed to deliver another jumbo interest rate cut of 50 basis points in November after the one on September 18.
- FRIDAY, OCTOBER 10 AT 13:30 GMT+1: US INFLATION (CPI) (SEPTEMBER). US Inflation has continued falling in the US with August’s CPI showing a rate of 2.5% (down from previous 2.9%), which was the lowest rate since April 2021. Falling inflation combined with a worsening labor market in the USA has recently increased the chances for another jumbo interest rate cut of 50 basis points in November after the one on September 18.
NEXT COMPANY EVENTS:
- TESLA: Q3 CAR DELIVERY DATA (GLOBALLY)
EXPECTED: WEDNESDAY, OCTOBER 2 (PREMARKET). According to Blomberg, Barclays analysts say they expect third quarter (Q3) deliveries to top consensus estimates which could drive continued stock strength. Analyst Dan Levy expects third quarter deliveries of around 470k units, handily above the 461k consensus, based on July data for global EV sales and August registrations/production in Europe and China.
- TESLA: ROBOTAXI EVENT
THURSDAY, OCTOBER 10. Tesla will unveil its Robotaxi product at Warner Bros. studio in Burbank, CA, on October 10th, according to a report by Bloomberg. Self-driving car prototype to be unveiled October 10 in Burbank. EV company has been prioritizing autonomy and AI work.
- AMD: ADVANCING A.I. 2024
THURSDAY, OCTOBER 10. AMD will hold an in-person and livestreamed event on October 10, 2024, to showcase the next-gen AMD Instinct™ accelerators (MI325), 5th Gen AMD EPYC™ server processors, and updates on Networking and AI PCs. The event will also highlight AMD's growing AI solutions ecosystem.
- US STOCK MARKET: Q3 EARNINGS SEASON
OCTOBER 11- NOVEMBER 15. The new earnings season in the US is expected to kick off with the banking sector in mid-October, while some large companies such as Tesla, Meta, Microsoft, Apple, Amazon are expected to report their Q3 earnings results by the end of October.
USA100, September 26, 2024
Current Price: 20,400
|
USA100 |
Weekly |
|
Trend direction |
|
|
22,000 |
|
|
21,500 |
|
|
21,000 |
|
|
19,900 |
|
|
19,700 |
|
|
19,500 |
Example of calculation based on weekly trend direction for 1.00 Lot1
|
USA100 |
||||||
|
Profit or loss in $ |
16,000 |
11,000 |
6,000 |
-5,000 |
-7,000 |
-9,000 |
|
Profit or loss in €² |
14,352 |
9,867 |
5,382 |
-4,485 |
-6,279 |
-8,073 |
|
Profit or loss in £² |
11,978 |
8,235 |
4,492 |
-3,743 |
-5,240 |
-6,738 |
|
Profit or loss in C² |
21,549 |
14,815 |
8,081 |
-6,734 |
-9,428 |
-12,121 |
1. 1.00 lot is equivalent of 10 units
2. Calculations for exchange rate used as of 10:20 (GMT+1) 26/09/2024
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.