NASDAQ TRADING: Index tries to return to growth

By | November 2, 2015

Futures on USstock indexes are trying to return to growth after the decline on Friday, October 30th. Investors expect statistics on key macroeconomic indicators, which by tradition will be published in the first working week of the month.

On Monday (November 2) is planned to yield data on indices PMI (15.00 GMT). This report can be a cause for growth with all hands. Continued economic slowdown will be a signal for the Fednot to hurry with rate increase and the acceleration will be positive macroeconomic signals. The only negative could be a very weak reading index (less than 48%), but this turn of events less likely.

Stock index futures NASDAQ-100 found support in the area of 4625.00 and ready to check the strength of the 50-hour moving average (area 4656.00). If they are able to gain a foothold above, will signal the intention to continue the upward trend.

nasdaq stock chart
Nasdaq stock chart
Trading analytics
NASDAQ-100 (NQ)   –   buy nasdaq   –    Entry price: 4656,25. Goal: 4710,00. Stop loss: 4625,31.
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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