Stock Markets Analysis and Opinion

NASDAQ: Strong Start To Q2

2022.04.06 11:19

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: Strong Start To Q2NASDAQ 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.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 85,365.87 2.11%
ethereum
Ethereum (ETH) $ 2,316.97 4.46%
tether
Tether (USDT) $ 0.999404 0.03%
xrp
XRP (XRP) $ 2.19 2.61%
bnb
BNB (BNB) $ 603.89 2.59%
solana
Solana (SOL) $ 137.50 0.33%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.207167 0.02%
cardano
Cardano (ADA) $ 0.665484 1.53%
staked-ether
Lido Staked Ether (STETH) $ 2,316.02 4.23%
tron
TRON (TRX) $ 0.2281 0.85%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,258.84 2.36%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,776.08 3.68%
litecoin
Litecoin (LTC) $ 129.75 2.30%
chainlink
Chainlink (LINK) $ 15.36 0.87%
avalanche-2
Avalanche (AVAX) $ 22.80 3.23%
sui
Sui (SUI) $ 2.85 4.37%
stellar
Stellar (XLM) $ 0.286085 2.72%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 2.07%
the-open-network
Toncoin (TON) $ 3.42 3.06%
hedera-hashgraph
Hedera (HBAR) $ 0.200723 2.21%
leo-token
LEO Token (LEO) $ 9.10 1.64%
polkadot
Polkadot (DOT) $ 5.06 5.39%
usds
USDS (USDS) $ 1.00 0.06%
mantra-dao
MANTRA (OM) $ 7.13 8.10%
weth
WETH (WETH) $ 2,315.35 4.72%
hyperliquid
Hyperliquid (HYPE) $ 20.34 0.53%
bitcoin-cash
Bitcoin Cash (BCH) $ 299.31 1.16%
ethena-usde
Ethena USDe (USDE) $ 0.99997 0.04%
bitget-token
Bitget Token (BGB) $ 4.10 4.73%
uniswap
Uniswap (UNI) $ 8.05 0.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,457.29 4.12%
monero
Monero (XMR) $ 212.28 2.59%
whitebit
WhiteBIT Coin (WBT) $ 26.36 1.04%
near
NEAR Protocol (NEAR) $ 3.06 0.14%
aptos
Aptos (APT) $ 6.18 8.63%
pepe
Pepe (PEPE) $ 0.000008 1.06%
dai
Dai (DAI) $ 1.00 0.05%
internet-computer
Internet Computer (ICP) $ 6.60 1.81%
ondo-finance
Ondo (ONDO) $ 0.979541 0.35%
aave
Aave (AAVE) $ 203.36 0.96%
bittensor
Bittensor (TAO) $ 347.00 7.07%
susds
sUSDS (SUSDS) $ 1.04 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 18.80 0.87%
okb
OKB (OKB) $ 45.80 0.59%
gatechain-token
Gate (GT) $ 21.10 1.66%
official-trump
Official Trump (TRUMP) $ 12.89 0.42%
mantle
Mantle (MNT) $ 0.755259 2.30%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.26 3.78%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,359.87 1.97%