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NAS100 trade ideas

MAG7 breaks to new highs with the NAS100 outperforming The reaction in markets is what interests the most, and on the day, despite US Treasuries finding form, we’ve seen broad USD strength, the S&P500 has pushed to its 55th new all-time high in 2024, while gold and crude are largely unchanged. We also see sizeable dispersions in the daily returns in the crypto space, with XRP and Chainlink arguable the standout plays, with 23% and 41% gains respectively on the day. In the volatility (vol) space, we see the VIX trading lower at 13.5% - the lowest level since July and at levels more aligned with S&P500 20-day realised vol. Equity hedges have been unwound, which speaks to a market confident of a grind higher into year-end. Another way to visualise the subdued equity vol is in the daily high-low trading ranges, and on the day the S&P500 has tracked a meagre 18-handle range – one of the lowest high-low ranges of the year, and well below the 5-day average of 34-handles. Removing downside hedges makes sense given the largest drawdown in the S&P500 in Q4 has been 3.1%, and hedges cost money and subtract from performance if equity is moving higher. On the day we’ve seen a solid bid in comms services names (Meta & Alphabet), tech and consumer discretionary – said another way, the MAG7 index (+1.9%) has broken out to a new ATH, with all 7 MAG7 constituents rising on the day. Microsoft and Meta would be my picks that lead us higher from here, with MSFT filling the gap from the 31 Oct, where a break of $432.23 would suggest a continuation rally into $440. Naturally, when tech and the big discretionary plays are firing up, it’s the NAS100 which has outperformed, and we see NAS100 futures 120p from testing the former ATH at 21,340. We’ve seen solid moves in European equity too, and notably in the German DAX which is in beast mode and doing everything right technically – happy to hold longs here until the index has a daily close below the 5-day EMA. French equity is the exception, with the CAC40 closing unchanged, which is quite a solid result given the brewing political angst. Certainly, we’ve seen the political risk expressed in the EUR, which is lower on the day against all G10 currencies, and notably vs the JPY and USD. We can add negative revisions to the French and German manufacturing PMIs, which make for sobering viewing, and the upshot has been broad EUR selling. EURUSD hit a low of 1.0461 before the buyers stepped in – we can attribute a degree of the move lower to an improved US ISM manufacturing report (at 48.4 vs 47.5 eyed), although we did see some modest USD selling late in the session as Fed gov Waller signalled that he is leaning on a December rate cut and that rates are still “some distance from neutral”. US interest rate swaps now price at 79% chance the Fed cut by 25bp on 18 Dec. Equity and bond vol may be headed lower, but FX vol is alive and well with EURUSD 1-month implied vol at 8.66% and the 92nd percentile of the 12-month range. Buying EUR vol certainly made sense given the uncertainty of the ECBs (and the Fed’s) next move and the French political risk premium. CAD vols also screen well, with options traders seeing increased movement in USDCAD and AUDCAD. On the subject of movement, we can always find it in the crypto markets, and while Bitcoin (-2.5%) and Ethereum (-2.7%) take a backseat, it’s XRP that’s getting the lion’s share of trader attention with its punchy 23% rally on the day. The daily chart looks ridiculous and highlights the explosive 450% gain seen since the US election. XRP Volumes are tracking north of SEED_TVCODER77_ETHBTCDATA:5B on the day, which is higher than what’s traded on BTC, with the gains taking its market cap to $134b – the third biggest coin in the crypto sphere. Grossly overbought, and with a 10-day volatility of 150%, chasing XRP upside from here comes with significant risk and the fact I’m focused on it suggests we’ve likely hit peak sentiment – but as know what is overbought can stay overbought for some time. Looking ahead, we see a largely positive open for Asia with the ASX200 set to outperform with the index set to open nicely above 8500 and to new highs. Event risk in the session ahead comes in on the light side, with Swiss CPI and US Job openings (JOLTS) the key events on the radar.
PEPPERSTONE:NAS100Long
by Pepperstone
Nasdaq Intraday Review - Monday 2 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. All higher timeframes are bullish. Morning analysis: M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down. In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open. 2 x areas of interest identified (highlighted in green) 1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am) 2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level As the day progressed: Entered a buy at the hand icon - Confirmations: 1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon. 2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support. 3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards. 4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level. 5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support. Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing. I opened a full position size and it was a banger of a day! Market open pushed straight up! Price ultimately moved 2979 pips from my entry. I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table. Made some good moola today! Hope you did too! Laters! Stats: Price moved a total of 3195 pips today. Of the total move, I captured 2651 pips / 83%. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NAS100USD: Is Bullish Momentum Only Temporary?Greetings, Traders! In today’s analysis, NAS100USD is exhibiting bullish institutional order flow, presenting an opportunity to align with the current market narrative. Key Observations Fair Value Gap (FVG): Price has retraced into an FVG, providing a critical area of interest for support. Bullish Order Block: Situated below the FVG, this structure enhances the zone’s strength as an institutional support area. Strategy Look for confirmation entries at this support zone. Target: Liquidity pool above, aligning with the bullish flow. Feel free to share your insights, questions, or analysis in the comments below. Let’s trade and grow together! Regards, The_Architect
OANDA:NAS100USDLong
by The_Archi-tect
3
Nas100 1. Understand how the Forex market works, including currency pairs, pips, and leverage. 2. Develop a clear trading plan with specific entry, exit, and risk management rules. 3. Always use stop-loss orders to protect your capital and limit losses. 4. Risk only 1-2% of your account per trade to avoid significant losses. 5. Trade with the trend, as it’s often safer than going against the market. 6. Avoid overtrading; quality trades are better than a high quantity of trades. 7. Use technical and fundamental analysis to make informed trading decisions. 8. Stay updated on global news that can affect currency values, like interest rates and geopolitical events. 9. Keep emotions in check—fear and greed can lead to poor decisions. 10. Continuously learn and adapt your strategy based on market behavior and personal experience.
FX:NAS100Short
by HavalMamar
CHART BREAKDOWN NASDAQ: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zone: low-risk buy spanning from 20,930.00 to 20,900.00, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 20,930.00 and 20,900.00, serving as a low-risk buy. Bearish Targets📈: 20,940.00: Possible retracement area. 20,980.00: Possible retracement area. 21,200.00: Liquidity Area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
OANDA:NAS100USDLong
by T4X_Trading
NASDAQ: Strong bullish breakout today targeting 21,600Nasdaq is bullish on its 1D technical outlook (RSI = 61.836, MACD = 123.620, ADX = 32.041) as today posted the strongest 1D candle since Nov 7th, extending the new bullish wave. The whole sequence is supported by the 1D MA50 since September 12th. Even though we are technically more than halfway through the wave, this is still a strong buy opportunity, aiming for a +6.80% rise (TP = 21,600) as it has previously done so inside the 3 month Channel Up. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
USNAS100 - Bullish Momentum and Potential Reversal LevelsTechnically: The price experienced upward momentum on Friday and maintains its bullish trajectory, with stability observed above the critical level of 20,860. Bearish Scenario: A sustained break below 20,860 could trigger further declines, with potential targets at 20,730 and 20,600. Bullish Scenario: As long as the price remains above 20,860, the bullish outlook remains intact, paving the way toward 20,990. A breakout above this level may propel the price to an all-time high of 21,230. Notably, a retest of the 20,860 level from the current price is a plausible scenario. Key Levels: Pivot Point: 20860 Resistance Levels: 20990, 21080, 21230 Support Levels: 20730, 20660, 20550
OANDA:NAS100USDLong
by SroshMayi
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **66 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **62,2%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!
CAPITALCOM:US100Long
by InvestMate
Tradingdaq | NAS100 Market Daily Technical AnalysisStock exchanges were closed last Thursday, reopening for a half-day on Friday, all in a celebratory spirit following Thanksgiving. The stock indexes wrapped up the week and month on a strong positive note, buoyed by the optimism surrounding Trump’s presidency. The Nasdaq surged 0.8% in the shortened session, sealing the week and month with a 1.1% gain, and it achieved an impressive 6.2% growth for the entire month of November. This marks the index's best month since May. With three out of the last four months ending on a high note, the Nasdaq has soared 28% since the start of the year. If the price increases and a bullish candle closes above 20870, my target will be 21040.
CAPITALCOM:US100Long
by iamtradingdon
Strengthening Your NASDAQ Strategy: Key Insights for Next WeekRecent Performance: The NASDAQ index has recently displayed underperformance against major indices like the S&P 500 and Dow Jones, with choppy price action and high volatility reflecting investor uncertainty. Despite other indices reaching new heights, the NASDAQ's struggle amid a generally bullish market suggests potential caution ahead. - Key Insights: Investors should be mindful of the NASDAQ's current struggles as disappointing tech earnings have dampened sentiment, indicating possible risks for new entrants. Close attention to key support and resistance levels will be crucial for making informed trading decisions. - Expert Analysis: Experts regard the NASDAQ as being at a critical turning point, with the underperformance largely attributed to the tech sector's challenges. While the overall market maintains an optimistic outlook, the NASDAQ remains vulnerable to volatility. A careful approach is recommended given the mixed signals emerging from its performance in relation to other key indices. - Sentiment Analysis: Current sentiment: 0; Last week: -40.0; Change: 40.0; Total mentions: 203. This significant sentiment shift highlights increasing optimism among market participants but continued caution is essential given recent volatility. - Price Targets: Next week targets: T1: 21,200, T2: 21,500. Stop levels: S1: 20,000, S2: 19,700. These targets align with current market sentiment and volatility, providing realistic expectations for short-term price movements. - News Impact: The planned stock listing of Palantir on the NASDAQ is expected to bolster visibility and attract institutional investment, providing a positive catalyst for the index. Continued optimism in the tech and fintech sectors hinges on upcoming earnings and broader economic indicators, which will significantly impact market direction. Keeping abreast of these developments is crucial for making informed trading decisions in the NASDAQ landscape.
NASDAQ:NDXLong
by CrowdWisdomTrading
NAS100 - Nasdaq will welcome Santa Rally?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. In case of a valid failure of the bottom of the ascending channel, you can look for positions to sell Nasdaq to the 20500 target. Nasdaq buying positions will be after breaking the resistance and maintaining the ascending channel. Following the extended Thanksgiving weekend, financial markets had an opportunity to process a wide array of data and developments. Donald Trump’s victory in the U.S. presidential election earlier this month boosted the markets, as investors anticipated that his promises to cut taxes and ease regulations would enhance corporate profitability. However, Trump’s proposals to impose tariffs on key trading partners were largely overlooked by stock market traders, although certain sectors, such as the automotive industry, experienced adverse effects. Susannah Streeter, Head of Money Markets at Hargreaves Lansdown, stated, “There is still considerable volatility, and I think this stems from the belief that the potentially damaging impact of Trump’s tariffs may not materialize.” For equity investors, 2024 has been unexpectedly favorable, with the S&P 500 on track for one of its best annual performances in history. Both the S&P 500 and Nasdaq 100 have risen by more than 20%, while Nvidia’s stock has tripled in value. The ISM Manufacturing Purchasing Managers’ Index (PMI) last month dropped to its lowest level in a year and has indicated contraction for nearly two consecutive years. Despite the discouraging outlook it provides for the manufacturing sector, optimism remains regarding future economic activity, especially with the beginning of an easing cycle and the continued reduction in interest rates and borrowing costs. In contrast, the ISM Services Index for October reached 56.0, marking the strongest growth since the summer of 2022 Within this index, the employment component rose by nearly five points to 53.0. Steady consumer demand has been a key driver supporting the services sector. This week, the release of ISM Services PMI data will be closely monitored to determine whether persistent consumer demand and favorable labor market conditions can further stabilize and sustain growth in this sector. Additionally, the impacts of hurricanes Helen and Milton, along with widespread strikes, led to a modest increase of just 12,000 jobs in the Non-Farm Payroll (NFP) report for October. This report was cautiously interpreted as a clear sign of gradual cooling and weakening in the labor market. Beyond the NFP data, other indicators such as the unemployment rate, labor force participation rate, and average hourly earnings will also be critical. Together, these data points could guide the Federal Reserve’s decision on a potential interest rate cut in December. While the labor market remains relatively stable, evident signs of gradual declines in employment and wage growth are becoming increasingly apparent.
CAPITALCOM:US100
by Ali_PSND