NASDAQ 1H TIME FRAME DATE 7/28/2024
Sentiment Update – July 27, 2024
Intra-Day Sentiment: 31% Bearish, 69% Bullish
Daily Sentiment: 23% Bearish, 77% Bullish
Overall Outlook: Favorable for Buying
Upcoming Economic Events and Expected Impact on NASDAQ (NAS):
Monday, July 29, 2024, 04:30 PM (US)
Dallas Fed Manufacturing Index: Expected PMI of 53.00 points. A bullish outlook for the USD suggests a SELL signal for NASDAQ.
Tuesday, July 30, 2024, 02:15 PM (US)
ADP Employment Change: With the unemployment rate forecasted at 4.00%, anticipate a SELL signal for NASDAQ.
Wednesday, July 31, 2024, 03:45 PM (US)
Chicago PMI: Expected PMI of 45.00 points. This data supports a BUY signal for NASDAQ.
Wednesday, July 31, 2024, 04:00 PM (US)
Pending Home Sales MoM: Expected at 4,300 Thousand units. A positive impact suggests a BUY signal for NASDAQ.
Wednesday, July 31, 2024, 08:00 PM (US)
Fed Interest Rate Decision: Anticipated rate of 5.50%. This is expected to lead to a SELL signal for NASDAQ.
Thursday, August 01, 2024, 02:30 PM (US)
Initial Jobless Claims: Forecasted unemployment rate of 4.00% indicates a BUY signal for NASDAQ.
Thursday, August 01, 2024, 03:45 PM (US)
S&P Global Manufacturing PMI Final: Expected PMI of 53.00 points. Anticipate a SELL signal for NASDAQ.
Thursday, August 01, 2024, 04:00 PM (US)
ISM Manufacturing PMI: Expected PMI of 53.00 points. This suggests a SELL signal for NASDAQ.
Friday, August 02, 2024, 02:30 PM (US)
Non-Farm Payrolls: Expected addition of 130,000 jobs. This data supports a BUY signal for NASDAQ.
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