Friday, August 16, 2019
Nasdaq 100 Remains Supported By Trendline For Now
Nasdaq 100 held a trendline while the Russell 200 & Dow held key lows on Thursday to help global markets stabilize. Unfortunately, its too early to declare the "all clear" signal until the major indices can clearly take-out this week's highs and the 50-day moving averages respectively. So, in one sense it is make or break time and if this reprieve in volatility can continue, then the steady grind for the Nasdaq 100 could continue back towards the psychological 8000 region.
-
In what was perceived as a hawkish pause by the FOMC, fell on deaf ears shortly after the statement by the Federal Reserve was released Wedn...
-
While all eyes will indeed be glued to next week's Federal Reserve's statement and press conference on Wednesday, those viewing thro...