Markets

Nasdaq 100 – No chance for the bears

Once again, it seems to be nothing with a second mainstay in the technology index Nasdaq-100®. The bulls were at full throttle in yesterday’s trading, lifting the index above the high at 10,780 points and above the Fibonacci decision mark at 10,800 points. The all-time high is now not far away.

“Buy the Dip” continues to be the American motto when it comes to technology stocks. From a technical point of view, there is frankly a lack of great potential. At 11,069 points, the index hits not only the all-time high, but also the limitation of the trend channel of the past few months. Only if the Nasdaq-100® jumped this double hurdle would it signal an acceleration of the trend. The goal in this case could be 11,700 points.

On the underside, the breakout level now offers support at 10,780 points. The lower trend channel limit and the intermediate low of 10,370 points also have a supporting effect. Only when the latter breaks the mark will a downward movement towards 9,950 points be more likely from now on.

Nasdaq-100® in points on the daily chart; 1 candle = 1 day (log. Candle chart)

Viewing period: 20.05.2020 – 20.07.2020. Historical considerations are not reliable indicators of future developments. Source: Guidants

Nasdaq-100® in points per month; 1 candle = 1 month (log. Candle chart)

Period of observation: July 1, 2015 – July 20, 2020 Historical considerations are not reliable indicators of future developments. Source: Guidants

Investment opportunities

Turbo Bull on the NASDAQ-100® index for speculation on an increase in the index

Underlying WKN Ask price/ EUR Base price / knock-out in points lever Final valuation day
NASDAQ-100® index HZ20X0 26.23 8,025 3.67 08/31/2020
NASDAQ-100® index HZ20Y6 17.45 9,025 5.49 08/31/2020
Source: HypoVereinsbank onemarkets; As of July 21, 2020; 2:58 p.m.

Turbo Bear on the NASDAQ-100® index for speculation of a loss in the index

Underlying WKN Ask price/ EUR Base price / knock-out in points lever Final valuation day
NASDAQ-100® index HZ2UV1
4.17 11,475 23.14 08/31/2020
NASDAQ-100® index HR032G 9.14 12,050 10.51 08/31/2020
Source: HypoVereinsbank onemarkets; As of July 21, 2020; 3:00 p.m.

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The contribution Nasdaq 100 – no chance for the bears first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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