Markets

Nasdaq 100 – This is crucial now

After the Nasdaq-100® index held the breakout level at 10,780 points on Wednesday, significant sales started on Thursday, which initially continued on Friday. The index reached support at 10,370 points and defended it until the close of trading. The daily low of 10,313 points was just above the second support at 10,307 points.

For the bulls, there is now a lot at stake in technology stocks in the short term. Because further lows could draw a significant downward trend acceleration. It would therefore be important to keep the support zone between 10,370 and 10,307 points and to regain the 10,780 point mark as quickly as possible. In this case, the all-time high of 11,069 points would be the goal again.

On the other hand, if support breaks at 10,307 points, a continuation of the downward wave into four digits would be expected. A full correction could even lead the index back towards the EMA200 at a good 9,000 points. However, between 10,155 and 9,950 points there are a number of supports that could initially prevent this. The 9,737 point mark has also proven to be an important support.

In any case, traders have to be prepared for violent fluctuations this week. Because with Apple, Alphabet and Amazon, three index heavyweights report their quarterly report Thursday after the market closes.

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

Viewing period: May 21, 2020 – July 24, 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 24, 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

UnderlyingWKNAsk price/ EURBase price / knock-out in pointsleverFinal valuation day
NASDAQ-100® indexHZ20X021.608,0254.1708/31/2020
NASDAQ-100® indexHZ20Y613.119,0256.8708/31/2020
Source: HypoVereinsbank onemarkets; As of: 07/27/2020; 3:06 p.m.

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

UnderlyingWKNAsk price/ EURBase price / knock-out in pointsleverFinal valuation day
NASDAQ-100® indexHZ2UV1
7.9111,47511.3808/31/2020
NASDAQ-100® indexHR032G12.8112,0507.0308/31/2020
Source: HypoVereinsbank onemarkets; As of: 07/27/2020; 3:08 pm

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The Nasdaq 100 contribution – This is now critical first appeared on onemarket’s blog (HypoVereinsbank – UniCredit Bank AG).

Author: Bastian Galuschka

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