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. 75% 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 - 29/10/2024

29 October, 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:

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.

US PRESIDENTIAL ELECTIONS (NOVEMBER 5, 2024): US STOCK MARKET TENDS TO RISE AFTER US PRESIDENTIAL ELECTIONS

  • CANDIDATES: DONALD TRUMP (Republican) vs. KAMALA HARRIS (Democrat).

  • STATISTICS (DONALD TRUMP WON IN 2016): USA100 ROSE 17.78% WITHIN 6 SIX MONTHS AND 32.07% WITHIN 12 MONTHS AFTER ELECTIONS.

Data Source: Bloomberg

Please note that past performance does not guarantee future results.

  • STATISTICS (JOSEPH BIDEN WON IN 2020 WITH KAMALA HARRIS AS VICE PRESIDENT): USA100 ROSE 22.34% WITHIN 6 SIX MONTHS AND 43.13% WITHIN 12 MONTHS AFTER ELECTIONS.

Data Source: Bloomberg

Please note that past performance does not guarantee future results.

  • STATISTICS (STOCK MARKET PERFORMNACE AFTER US PRESIDENTIAL ELECTIONS SINCE 2000): USA100 ROSE 24.1% ON AVERAGE WITHIN 12 MONTHS AFTER ELECTIONS. We have had 6 elections since 2000 and according to the statistics on average the US stock market could rise within the 12 months after each election. Regarding the USA100 index, a median of 24.1% increase could be noted. However, the price could decline further.

TablaDescripción generada automáticamente

Data Source: Bloomberg

Please note that past performance does not guarantee future results.

OTHER EVENTS:

  • (FRIDAY, NOVEMBER 1 AT 12:30 GMT): US NONFARM PAYROLLS (NFP) AND UNEMPLOYMENT RATE (OCTOBER)
  • (THURSDAY, NOVEMBER 7 AT 18:00 GMT): FEDERAL RESERVE MEETING (INTEREST RATE DECISION)

USA100, October 29, 2024
Current Price: 20,480

USA100

Weekly

Trend direction

UP

Resistance 3

25,460

Resistance 2

23,000

Resistance 1

21,130

Support 1

20,000

Support 2

19,800

Support 3

19,600

Example of calculation based on weekly trend direction for 1.00 Lot1

USA100

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

49,800.00

25,200.00

6,500.00

-4,800.00

-6,800.00

-8,800.00

Profit or loss in €²

46,135.03

23,345.44

6,021.64

-4,446.75

-6,299.56

-8,152.38

Profit or loss in £²

38,360.69

19,411.43

5,006.92

-3,697.42

-5,238.01

-6,778.60

Profit or loss in C$²

69,212.33

35,023.11

9,033.74

-6,671.07

-9,450.68

-12,230.29

  1. 1.00 lot is equivalent of 10 units
  2. Calculations for exchange rate used as of 12:30 (GMT) 29/10/2024

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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