ANALYSIS
NQ100 Finds Support from PPIApr 14
NQ100:Index May Close the Week Positively
Although the statements of the leading members of the US Federal Reserve (FED) have put some pressure on the index, the ongoing positive outlook in Asian stocks and the low levels of investor stress (VIX: 21.44) continue to support the NQ100 index. In addition, the balance sheet season's relatively optimistic picture also has an effect. Technically, if the 30-period weight stays above 13 155, which is indicated by the moving average, the technology index can close the week positively by bringing the 13 600 resistance to the agenda after the 13 470 level. If below possible 30 WMA, psychological 13 000 support will follow.
