NASDAQ: PMI can move the market up

By | September 1, 2015

Futures on US stock indices fall as waiting for key macroeconomic statistics for July, fixed income investors, formed after the strong growth in the previous week. Institute of Supply Management was to publish data on the PMI index in the industry today at 14.00 GMT. This indicator has a high correlation with GDP in recent years signaled the acceleration of the economy. Accordingly, the release may be an additional argument for the Fed to raise rates, and this is somewhat unnerving market participants.

However, the time when the good news was bad news for the stock market is behind us. In recent months, good reporting back moves stocks up despite growing chance of a rate hike. NASDAQ-100 futures (NQ) are tested for strength and support to 4145 if the push away from her and to consolidate above the 200 hour moving average (4230), it will be interesting to search for long positions.

nasdaq chart
Nasdaq chart
Trading analytics
NASDAQ-100 (NQ) – buy nasdaq – Entry price: 4230. Goal: 4368. Stop loss: 4145.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.
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