Instrument: US100
Bullish Preference:
A Buy position is envisaged if the price trades above 15086.65 with take profit at 15133.88
Bearish Preference:
A Sell position is envisaged if the price trades below 15007.51 with take profit at 14957.82
Fundamentals:
1:30pm USD Unemployment Claims
5:00pm USD Fed Chair Powell Speaks
Comment:
For the US stocks and Nasdax in particular, Tesla (NASDAQ:TSLA) and Netflix (NASDAQ:NFLX) kicked U.S. earnings season into high gear, while Treasury yields eased off multi-year peaks ahead of remarks from Federal Reserve Chair Jerome Powell.
Netflix soared 13.3% in premarket trading after the streaming giant said it was raising prices for some of its plans in the United States, Britain and France after adding 9 million subscribers in the third quarter.
Tesla, however, slid 5.1% as the electric vehicle (EV) maker missed Wall Street expectations on third-quarter gross margin, profit and revenue.
CEO Elon Musk said on Wednesday that he was concerned about the impact of high interest rates on car buyers, adding that the EV maker was hesitant about its plans for a factory in Mexico.
If 3rd Quarter earnings look good for the corporations, US100 should be all greens in the coming days.
Analysis: SCRUM Team