Potential bullish rise?USTEC has reacted off the pivot and could rise to the 1st resistance level which has been identified as a pullback resistance.
Pivot: 20,578.80
1st Support: 20,330.46
1st Resistance: 21,019.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ustec
NVIDIA Q3 earnings exceed expectations, but stock price falls
Nvidia's third-quarter earnings surpassed market expectations. The EPS stood at 81 cents, notably higher than the market consensus of 75 cents. Total sales reached almost $35 billion, exceeding the forecast of $33 billion. This impressive performance was highlighted by a remarkable 94% increase in total sales compared to last year's period, alongside a robust 106% surge in net profit.
Despite delivering a solid third-quarter performance, Nvidia's stock price took a hit. This drop occurred as the company's fourth-quarter sales guidance fell short of Wall Street's elevated expectations. The market had projected Nvidia's fourth-quarter sales to reach $37.5 billion, but the company revealed that it would instead be at $37.1 billion.
NVDA has fallen slightly since the earnings announcement and remains around 146.00. However, the price still remains within the ascending channel, indicating momentum. If NVDA sustains an uptrend within the channel, the price may gain upward momentum toward the 150.00 high. Conversely, if NVDA breaks below the channel’s lower bound, the price may fall further to 138.30.
USTEC rose after avoiding Lutnick as a Treasury Secretary
The Nasdaq index has surged, fueled by solid expectations surrounding Nvidia's Q3 earnings and the alleviation of uncertainty following the appointment of the new Treasury Secretary.
Investors are breathing a sigh of relief as Howard Lutnick, a staunch supporter of Trump's tariff policies, has been nominated for Commerce Secretary rather than Treasury Secretary. In contrast, Kevin Warsh, who is running for Treasury Secretary, has openly criticized protectionist measures such as tariffs. This shift has heightened expectations that some economic issues stemming from Trump’s tariff policies will be mitigated.
Furthermore, Wall Street consistently raises Nvidia's target stock price. Investors anticipate that Nvidia's Q3 earnings will surpass market consensus, and Wall Street confidently anticipates that the Q4 guidance will also exceed expectations.
USTEC briefly tested the support at 20300 and rebounded to 20770. The index sustains upward momentum, holding above the trend line. If USTEC sustains its upward trend above the resistance at 20700, the index could gain upward momentum toward the 21250 high. Conversely, if USTEC fails to hold above the trend line and 20300, the index may fall further to 19950.
Bullish bounce?USTEC is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance level which is a pullback resistance.
Pivot: 20,660.29
1st Support: 20,372.74
1st Resistance: 20,969.09
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
The Nasdaq index sets a new record driven by ‘Trump Trade’
Expectations for a ‘Trump Trade’ are rising, with Wall Street increasing its target for the S&P500; index next year. Notably, there is widespread optimism about Tesla's stock. Bank of America has raised its price target for Tesla from $265 to $350, now the highest on Wall Street, exceeding Morgan Stanley's target of $310. Additionally, the Fed cut interest rates by 25bp as expected, but the impact on the market was minimal since this was already factored into prices.
USTEC broke its previous high again and soared to 21130. The index breached the ascending channel’s upper bound, sending a clear bullish signal. If USTEC sustains its uptrend and breaches the resistance at 21300, the index may gain upward momentum toward a new high of 21600. Conversely, if USTEC returns its gains, breaking the channel’s upper bound, the index may fall further to 20700.
USTEC is engulfed in uncertainty ahead of the US election
Stock prices in the semiconductor companies declined after reports that the US government instructed major companies to cut China companies from their supply chains. NVIDIA's gains diminished to a 0.48% increase, while the Philadelphia Semiconductor Index dropped by 0.55%.
Additionally, Warren Buffett's decision to sell US stocks and secure cash negatively affected the overall US index. Berkshire Hathaway reduced its stock holdings from 905 million shares at the end of last year to 300 million shares by the end of September, including a significant sell-off of Apple stocks this year.
USTEC briefly tested 20140 but failed to hold above the 20000 threshold. After slipping back to the channel's lower bound, the index awaits further price triggers. If USTEC breaches the resistance after re-entering the channel, the index may gain upward momentum toward the 20680 high. Conversely, if USTEC fails to enter the channel and retreats to 19700, the index may fall further to the support at 19520.
MS and META brought down the entire index
USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach.
USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal.
If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700.
Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.
Potential bullish rise?USTEC has reacted off the pivot and could rise to the pullback resistance.
Pivot: 19,390.38
1st Support: 19,037.68
1st Resistance: 19,905.44
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NASDAQ BREAKOUT ON SUPPORT, EYES ON BEARISH FLAGNASDAQ has confirmed an important level breakout recently. Here we witness a breakout and pullback on the major demand zone identified under the hourly timeframe. Here we also identified an important bearish flag formation, which is likely to create another dip towards the bottom level of support created.
NAS100 BULLISH SETUP ( BULLISH PENANT ) For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
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NASDAQ: TRADE RESULTS | 3000 POINTS PROFIT FLOATING 💸Trade Results: Went up a decent 3000 Points worth of profits during the bullish run as expected with our analysis.
Analysis: Breakout and pullback on the key level highlighted. Expecting a bullish reversal here to revisit the pinned price levels on the chart.
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NAS100US NASDAQ next few weeks Trading IdeaHi All,
I'm looking for a short term Long to resistance at $12870
I think we will get a bit of sideways action on Monday as Liquidity
enters the market and most likely by Tuesday morning Japan Open 10am AEST
we should have an indication of market direction.
Over the coming months I think we will see price returning to the $11000 region.
I'll keep this Idea updated below as the week unfolds.
Short term momentum is bearish on US Nas 100NAS100USD/b] - Intraday - We look to Sell at 13124 (stop at 13319)
Short term momentum is bearish. There is scope for mild buying at the open but gains should be limited. Horizontal resistance is seen at 13150. Resistance could prove difficult to breakdown. We look to sell rallies.
Our profit targets will be 12705 and 12600
Resistance: 13150 / 13600 / 15200
Support: 12700 / 12000 / 11200
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Joe Gun2Head Trade - NASDAQ rally run its course?Trade Idea: Selling NASDAQ
Reasoning: Has the rally run its course?
Entry Level: 13420
Take Profit Level: 13088
Stop Loss: 13512
Risk/Reward: 3.58:1
D isclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses . There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.