ANALYSIS
NQ100 Finds Support from PPIApr 14
NASDAQ-100 surges after Alibaba expands share buyback offer
The US Federal Reserve Chair Jerome Powell's statement that the Fed could raise rates by 25 basis points at each meeting, if necessary, caused a loss in the index. However, previous price movements of global markets limited this loss. In addition, Alibaba expanded share buyback offer to $25bn after record, leading to rises in the index. On the second trading day of the week, NASDAQ is still within the ascending channel and if it exceeds 14 500, we will follow 14 6460 resistance closely. On the other side, 14 200 and 14 000 will be our supports below the minor channel.
