Dow Jones & Nasdaq 100 Technical Forecasts for the Week Ahead
2021-05-10 20:30:00
Peter Hanks,
Strategist
Dow Jones & Nasdaq 100 Forecasts: Mixed
The Dow Jones pushed to new heights with conviction last week as it presses toward 35,000
The Nasdaq 100 struggled with fundamental headwinds and remains beneath key resistance
Outlook: Bullish (At Risk of Consolidation)
The Dow Jones tagged a new record last week after the Industrial Average broke above prior highs and rocketed toward 35,000. With encouraging fundamentals behind it, the Dow can look to extend its charge higher and enjoys minimal overhead resistance. On the other hand, past highs and prior resistance may serve as support going forward if broader risk aversion spikes.
Dow Jones & Nasdaq 100 Technical Forecasts for the Week Ahead
of clients are net short. Long
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of clients are net short. Long
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of clients are net short. Long
News
2021-05-08 08:00:00
Peter Hanks,
Strategist
Dow Jones & Nasdaq 100 Forecasts: Mixed
The Dow Jones pushed to new heights with conviction last week as it presses toward 35,000
The Nasdaq 100 struggled with fundamental headwinds and remains beneath key resistance
Outlook: Bullish (At Risk of Consolidation)
The Dow Jones tagged a new record last week after the Industrial Average broke above prior highs and rocketed toward 35,000. With encouraging fundamentals behind it, the Dow can look to extend its charge higher and enjoys minimal overhead resistance. On the other hand, past highs and prior resistance may serve as support going forward if broader risk aversi
Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes
2021-05-07 14:25:00
Peter Hanks,
Strategist
Dow Jones, S&P 500, Nasdaq 100 Price Outlook:
Initial price movements suggest rate hikes or Fed tapering is a growing concern for equity traders
Stocks Push to All-Time Highs Following NFP Miss, Gold Spikes
The Dow Jones and S&P 500 jumped to record levels Friday as traders reassessed the monetary policy landscape following a rather significant miss on non-farm payroll data. While lower than expected employment data is typically bearish for equities and risk assets, price action suggests the market has moved into “bad news is good news” territory. In such an environment, underwhelming data can lead to equity price gains as traders come to expect looser monetary policy or further fiscal assistance.
Dow Jones, Nasdaq 100, DAX 30 Forecasts for the Week Ahead dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
A sustained reflation trade could place the Dow in a league of its own. If risk aversion takes root, valuation metrics in the Dow Jones are far more reasonable than elsewhere.