ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ-100 limited its earnings
Chinese growth data exceeded forecasts yesterday, leading to optimism in the stock markets. Thus, we observed a recovery in NASDAQ. However, St. Louis Fed President Bullard’s remarks that they can hike rates by 75 bps if needed due to the highest inflation level of the last 41 years put pressure on the index. If 13 800 is broken downwards with permanent movements, we will follow 13 660 support closely. On theo hter side, 14 000 will be our resistance level.
