Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

NASDAQ 100 Forecast: Continues to Defy Gravity

  • It’s easy to see that the NASDAQ 100 continues to want to go higher, and any time we get a little bit of a pullback, it seems like it is a nice buying opportunity.
  • However, we have a lot to think about of the next couple of days, so I do think at this point in time a little bit of volatility would be expected.

NASDAQ 100 Forecast Today - 11/07: Defies Gravity (Chart)

However, the reality is that everybody is betting on the artificial intelligence trade, and of course there are a few other minor things going on that could push the market around. We have the CPI and PPI numbers coming out on Thursday and Friday, and that could be a major influence on what happens next. After all, if the market is going to continue to focus on the idea of what the Federal Reserve is going, then you have to be very cognizant of the fact that the inflation battle in the United States continues to be very difficult, and because of this I think you’ve got a situation where the slightest hint of the Federal Reserve not being able to add liquidity to the market will have people freaking out.

Top Forex Brokers

    Buying the Dips

    I think at this point in time the only thing you can do in the NASDAQ 100 is continued to by the dips. That is certainly the way it has worked for some time, and I think at this point in time you will continue to see more of a “buy on the dips” mentality. This is the way the markets have been trained, that is simply looks for any sense of value and come up with the next narrative to start buying again. Ultimately, this is a market that I think given enough time will truly take off to the upside, yet again. That being said, the market is extraordinarily fickle so I would anticipate that there could be a lot of noisy and dangerous movement, but if you are cautious with your position sizing, you should be okay.

    Ready to trade our stock market analysis? Here’s a list of some of the best CFD trading brokers to check out. 

    Christopher Lewis
    About Christopher Lewis

    Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.


    Most Visited Forex Broker Reviews