Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

NASDAQ: Strong Start To Q2

Published 04/06/2022, 02:57 AM
Updated 02/12/2024, 03:55 AM

The NASDAQ has started the new quarter positively with the VIX remaining below 20 and sentiment generally positive. Big tech shares such as Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX), Qualcomm (NASDAQ:QCOM), and others moved up in early April.

Participants seem to be concentrating much more on economic indicators in April, with inflation and monetary policy not really on the agenda anymore. The inverted yields of Treasury bonds are a possible warning sign for investors and long-term traders. Still, usually, this is only a very early and somewhat unreliable sign of a possible recession.NASDAQ price chart.

With the price currently within the value area between the 100 and 200 simple moving averages, a significant new catalyst would probably be needed to move further up. Equally, ATR has declined since the middle of March to around 250 in the week of Apr. 4, so this, combined with overbought from the slow stochastic, could suggest consolidation in the near future.

The focus now is on earnings season, which for major companies starts with banks as usual from Wednesday, Apr. 13. Earnings of constituents in the NASDAQ start the following week.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.