CFDs & spread bets are complex instruments & come with a high risk of losing money rapidly due to leverage. 73% of Retail investor accounts lose money when trading CFDs & spread bets with this provider. You should consider whether you understand how CFDs work & whether you can afford to take the high risk of losing your money.
Asset Watch
Thursday, August 18 2022
With the NASDAQ Composite rallying hard off the June lows, the index has retraced roughly half of its initial 2022 declines. JPMorgan’s Mislav Matejka is expecting further upside after telling clients on Aug. 15 that the decline in long-term interest rates was “one of the big catalysts for the rebound.”
“We think that the tactical rebound in growth style has some more legs, as bond yields are likely to stay stuck,” he said. And while he noted that the call “is only tactical,” he added, “it likely has some further to go, perhaps even until year-end.”
However, while Big Tech has increased its fan base on Wall Street, is Alphabet approaching a make-or-break moment?
Source: TradingView
Despite the recent upswing, the sharp decline in April (the pole), combined with the recent consolidation (the flag), has formed an ominous bear flag pattern. Furthermore, with Alphabet closing near the top of the range on Aug. 16, the parent company of Google needs to break out, or another sharp pullback could materialise.
Right above the upper trendline of the bear flag pattern is Alphabet’s declining resistance line, drawn from the November 2021 highs. Meaning the advertising giant must overcome two technical hurdles to continue its revival.
Is Alphabet running out of bullish letters, or will JPMorgan’s prediction spell trouble for the bears?
JPMorgan bullish tech:
https://ca.finance.yahoo.com/news/stock-market-rally-room-run-181049002.html
ADS Securities London Limited “ADSS” is an execution-only service provider. This material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or investment objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by ADSS that any particular investment, security, transaction or investment strategy is suitable for any specific person. To the extent that any content in this material is construed as investment research, you must note and accept that the content was not prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. This material may contain links to third party websites, and any content, or use of your personal data by any third party websites is not the responsibility of ADSS or any member of the ADSS Group.
CFDs and Spreadbets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of Retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ADSS is a trading name of ADS Securities London Limited, a company registered in England and Wales with company number 07785265 (VAT Registration Number: 212722447). Registered address 9th Floor, 125 Old Broad Street, London, EC2N 1AR. ADS Securities London Limited is authorised and regulated in the UK by the Financial Conduct Authority (FRN 577453).
The information on this site is not directed at residents of the United States, Canada, EU or any particular country outside the UK, and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law.
All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any over-the-counter product or other financial instrument. Please ensure you understand all risks and seek independent advice if necessary.
