"We think a key concern here is whether the Nasdaq 100 manages to hold the trigger line that we believe exists at around 8,180," Takada said. "It appears that CTAs have put a stop to their accumulation of long positions in Nasdaq 100 futures."
"In terms of technical patterns, we think that CTAs may take another stab at chasing the market up starting around April 29, provided that the index stays above this line," he said. That's a situation that's since transpired. "In particular, the global heavyweights among macro hedge funds are still bearish on equities," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Click bate
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A real estate agent's advice for buying a home during the coronavirus - Business InsiderA New York real estate agent's advice for buying or selling a home during the coronavirus crisis (via HerMoney)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Elon Musk is selling 'almost all' belongings, Tesla stock 'too high' - Business InsiderElon Musk declared that he's selling 'almost all' of his physical belongings and 'will own no house,' and that Tesla's stock price is 'too high' He runs engineering sweatshops. Another classic Elon Musk using drugs tweet maybe hacked.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market live updates: Dow drops 300, jobless claims top 30 million, best month since '74?U.S. equity futures were lower on Thursday as market participants digested strong technology earnings and another round of dismal jobless claims. BULLISH BRO, BAD NEWS = PUMP Hope this will end soon and life being back to normal Does this mean that people are saving 5.5% more of their income now? That has to at least be good news for personal finances.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow drops 200, Tesla jumps 3%, best month since 80sKellogg CEO Steve Cahillane discusses the consumer trends his company is seeing and the long-term impact of the coronavirus outbreak. It's fortified and lasts a long time. This morning has been very insightful into the supply chain. Kellogg's used to be a family business (good for America family tradition) so we are throwing all our cereal in the trash right now if they sold out to Mr CARINLANE
Source: CNBC - 🏆 12. / 72 Read more »