NASDAQ: Index tries to return to growth

By | July 24, 2016

US stocks are trying to return to growth after the correction of the previous day as the news background is quite positive.

Fundamental base

Futures on US stock indexes are trying to return to growth after the correction of the previous day, as investors continue to expect that the Fed will not go to the tightening of monetary policy in the coming months, and the forecasts for corporate earnings for the third quarter remain quite positive.

On Friday of July 22, there was no release of important macroeconomic statistics could affect the mood of investors. Accordingly, the movement developed within the previously established trends.

On Saturday, the G20 summit has begun, but there is not expected to take crucial decisions for the world economy.

Technical base

Purchases on the market does not exceed 4655. “Rebound” from the 50-hour moving average (SMA50).

NASDAQ-100 chart

NASDAQ-100 chart

Strategy transaction by NASDAQ-100 (NQ)

The direction of the transaction – buy

Enter (opening price) – 4655

Target (closing price) – 4695

Stop Loss – 4625

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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