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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 15832.03 with take profit at 15891.37.
Bearish Preference:
Sell position is envisaged if price trades below 15603.18 with take profit at 15544.21.
Fundamentals:
2:30PM USD Unemployment Claims
4:00PM USD ISM Services PMI
Comment: CNBC’s Jim Cramer said he sees a handful of attractively priced technology stocks following a rough start to 2022 for the broad cohort and suggested investors look to take advantage of the weakness. Cramer offered up the following stocks to consider: Enterprise software giant Salesforce, Facebook-parent Meta Platforms, cybersecurity firm Palo Alto Networks and chipmaker Nvidia. All four stocks are in the red for 2022 and notably down from their respective all-time highs.
Analysis: SCRUM Team
