<\/a><\/p>\n\n\n\nNasdaq 100 (NAS100) Weekly Chart<\/p>\n\n\n\n
In case you missed it, the Nasdaq U.S. stock index just made new 2022 lows.<\/p>\n\n\n\n
You don\u2019t have to look far for the cause.<\/p>\n\n\n\n
See, the White House just announced a new set of restrictions that would further limit U.S. companies from exporting advanced computing chips and chip-making equipment to China.<\/p>\n\n\n\n
Buyers of U.S. tech stocks, who were already pricing in further rate hikes from the Fed, did NOT like the news.NAS100 extended its stay below the weekly chart\u2019s\u00a0200 SMA\u00a0and is now trading below the 11,000 mark.<\/p>\n\n\n\n
In fact, it dropped to lows not seen since September 2020!<\/p>\n\n\n\n
Did the selloff provide a good entry point for the bulls? Or are the bears just getting started?<\/p>\n\n\n\n
Traders are closely watching the\u00a0U.S. inflation-related reports<\/strong>\u00a0scheduled this week.<\/p>\n\n\n\nCore PPI and headline and core CPI are expected to show slower growth, which could encourage some bulls to scale in.<\/p>\n\n\n\n
Stochastic\u00a0turning higher from its oversold levels may also attract some bulls.<\/p>\n\n\n\n
Look out for buying near the 10,500 zone that lines up with June 2020\u2019s resistance and the 61.8% Fibonacci retracement of the last major upswing.<\/p>\n\n\n\n
If this week\u2019s market themes drag NAS100 lower, however, of if the PPI and CPI reports still point to more aggressive rate hikes from the Fed, then you might want to wait for lower\u00a0support levels.<\/p>\n\n\n\n
The 9,800 zone could be the next support depending on the longer-term selling pressure.<\/p>\n\n\n\n
What do you think? Will NAS100 trade higher in the next couple of weeks?<\/p>\n\n\n\n
This content is strictly for informational purposes \nonly and does not constitute as investment advice. \nTrading any financial market involves risk. Please \nread our\u00a0Risk Disclosure\u00a0to make sure you understand \nthe risks involved.<\/code><\/pre>\n","protected":false},"excerpt":{"rendered":"The Nasdaq stock index just dropped to new 2022 lows! Is it time to start bargain hunting? I\u2019m checking out NAS100\u2019s weekly chart for clues: Nasdaq 100 (NAS100): Weekly Nasdaq 100 (NAS100) Weekly Chart In case you missed it, the Nasdaq U.S. stock index just made new 2022 lows. You don\u2019t have to look far […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10099"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10099"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10099\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a><\/p>\n\n\n\nNasdaq 100 (NAS100) Weekly Chart<\/p>\n\n\n\nIn case you missed it, the Nasdaq U.S. stock index just made new 2022 lows.<\/p>\n\n\n\nYou don\u2019t have to look far for the cause.<\/p>\n\n\n\nSee, the White House just announced a new set of restrictions that would further limit U.S. companies from exporting advanced computing chips and chip-making equipment to China.<\/p>\n\n\n\nBuyers of U.S. tech stocks, who were already pricing in further rate hikes from the Fed, did NOT like the news.NAS100 extended its stay below the weekly chart\u2019s\u00a0200 SMA\u00a0and is now trading below the 11,000 mark.<\/p>\n\n\n\nIn fact, it dropped to lows not seen since September 2020!<\/p>\n\n\n\nDid the selloff provide a good entry point for the bulls? Or are the bears just getting started?<\/p>\n\n\n\nTraders are closely watching the\u00a0U.S. inflation-related reports<\/strong>\u00a0scheduled this week.<\/p>\n\n\n\nCore PPI and headline and core CPI are expected to show slower growth, which could encourage some bulls to scale in.<\/p>\n\n\n\nStochastic\u00a0turning higher from its oversold levels may also attract some bulls.<\/p>\n\n\n\nLook out for buying near the 10,500 zone that lines up with June 2020\u2019s resistance and the 61.8% Fibonacci retracement of the last major upswing.<\/p>\n\n\n\nIf this week\u2019s market themes drag NAS100 lower, however, of if the PPI and CPI reports still point to more aggressive rate hikes from the Fed, then you might want to wait for lower\u00a0support levels.<\/p>\n\n\n\nThe 9,800 zone could be the next support depending on the longer-term selling pressure.<\/p>\n\n\n\nWhat do you think? Will NAS100 trade higher in the next couple of weeks?<\/p>\n\n\n\nThis content is strictly for informational purposes \nonly and does not constitute as investment advice. \nTrading any financial market involves risk. Please \nread our\u00a0Risk Disclosure\u00a0to make sure you understand \nthe risks involved.<\/code><\/pre>\n","protected":false},"excerpt":{"rendered":"The Nasdaq stock index just dropped to new 2022 lows! Is it time to start bargain hunting? I\u2019m checking out NAS100\u2019s weekly chart for clues: Nasdaq 100 (NAS100): Weekly Nasdaq 100 (NAS100) Weekly Chart In case you missed it, the Nasdaq U.S. stock index just made new 2022 lows. You don\u2019t have to look far […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"_links":{"self":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10099"}],"collection":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/comments?post=10099"}],"version-history":[{"count":0,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/posts\/10099\/revisions"}],"wp:attachment":[{"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/media?parent=10099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/categories?post=10099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudassirbackup.infinitycodestudio.com\/index.php\/wp-json\/wp\/v2\/tags?post=10099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/bpcdn.co\/images\/2022\/10\/10225045\/NAS100.png\"){kind=link}