Nasdaq 100: the influx of investors into the shares continuesCurrent trend
The Nasdaq 100 index shows an uptrend, being at 14665.0. The US stock market continues to be supported locally by an increase in the number of retail investors trying to diversify their portfolios by directing their capital to assets that have lost the most value in order to escape high inflation.
Netflix Inc. announced a deal to acquire mobile game maker Boss Fight Entertainment as part of the service's strategy to create game content. It is worth noting that there is no information yet on which platforms the development will be carried out for, but experts note that the studio will not be re-profiled and will focus on mobile platforms. The details of the transaction are not disclosed. Earlier in March, Netflix Inc. announced the acquisition of Finnish mobile game developer Next Games for 72 million dollars.
Additional support for quotes of stock indices is provided by the bond market, which has been showing local growth since the opening of trading this week: popular 10-year US Treasuries added 2.48%, 20-year bonds rose by 1.54%, and short-term 3-month bonds were up 6.15% after Friday's close.
The growth leaders in the index are DexCom Inc. (+2.69%), Constellation Energy Corp. (+2.65%), Exelon Corp. (+2.34%), Fiserv Inc. (+1.83%).
Among the leaders of the decline are Moderna Inc. (-7.66%), MercadoLibre Inc. (-5.67%), Okta Inc. (-4.42%), Lucid Group Inc. (-4.15%).
Support and resistance
The index quotes have left the limits of the narrow downward channel and, having formed a full-fledged reversal, continue to grow. The technical indicators are in the buy signal they gave last week: the range of EMA fluctuations on the Alligator indicator is expanding in the direction of growth and the histogram of the AO oscillator is trading in the buy zone and forming ascending bars.
Support levels: 14410.0, 13020.0.
Resistance levels: 15070.0, 16410.0.
