Trading predictions for 31 08 2020, Nasdaq 100 (NDX)

trading predictions for 31 08 2020

All told, stocks are now deeply entrenched in a new bull market, less than 6 months after a vicious sell-off sparked by the COVID outbreak obliterated all of the Trump era gains. Story continues Traders have been encouraged by Fed policy that continues to encourage risk appetite, and the COVID outbreak that has shown signs of tapering off in the Sun Belt region — which until very recently had been a domestic epicenter of new infections.

trading predictions for 31 08 2020

Additionally, encouraging developments in the race for a vaccine have given the market reasons for hope. This week will be an acid test for assumptions about the U.

However, on our shores, stocks posted sizable losses for their session. While there was no financial news to move the needle, investors appeared to be spooked by developments on the coronavirus front. Namely, the much-anticipated vaccines are not being distributed as quickly as initially hoped.

With unemployment still elevatedthe August payrolls data will be closely watched for signs the labor market is healing, and more displaced workers are finding unemployment. That still leaves scope gradual improvement in the coming months. This assumes a small drop in daily infections steadily throughout the remainder of the year, as aggressive reopening plans are being somewhat rolled back and more mask mandates are now in place.

trading predictions for 31 08 2020

In addition, prophylaxis therapy with targeted antibodies or vaccines should start to become available in the fourth quarter, which we expect to trading predictions for 31 08 2020 increased risk from more indoor gatherings as a result of back-to-school and cooler weather.

We think that the U.

This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately points. The index is assessed as technically positive for the medium long term. Toronto Price Jan 5,

Early-stage data is promising and points to potential duration of vaccine efficacy for at least one year. If data remains positive at a high percentage of adults in the U. ET: Stocks rangebound after brisk August rally Traders are finding inspiration a tough sell on the last trading day of the month, with stocks flat to slightly weaker.

trading predictions for 31 08 2020

The Dow is taking the brunt of selling pressure, off more than points on the day. ET: United scraps some change fees in bid to boost sluggish demand United Airlines UAL is permanently scrapping some change fees, underscoring how an airline industry walloped by the COVID crisis is eager for customers to start filling seats again.

On Sunday, United became the first U.

trading predictions for 31 08 2020

The company also extended its unlimited change fee waiver to flights purchased through the end of the year. Last week, all the major carriers warned the clock was ticking on mass layoffsas COVID rescue cash dries up and localbitcoins how to make money most carriers operating at dramatically reduced capacity.

ET: What stock split? Tesla TSLA shares began trading after its 5 for 1 split-adjusted price this morning.

The Dow Jones Industrial Average gained The stock got a boost as several Wall Street analysts hiked their price targets on the tech giant.

ET: Stocks open flat to slightly weaker after big August gains Here were the main moves in markets as of a. Key to the resilience of spot prices despite stalling inventory draws this summer has been the steady rally in long-dated prices.

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All eyes will be on the shares of tech heavyweights Tesla and Apple — which are perched at record highs — as their stocks will split when trading begins. Here are the main pre-market moves ahead of the opening bell: — p. ET Sunday: Stock futures rise as overnight session begins Here were the main moves in equity markets, as of p.