| The Nasdaq 100 is the focus of this week's market outlook as its uptrend might continue. The price within the value area between the 20 and 50 SMAs seems to be a potentially good area for entry, although the most recent record high isn't very far above. Global indices in general might see some rotation into tech as the spread between industrial and tech shares is towards the lower end of the range and generally speaking, earnings season recently has been positive for tech shares. The critical release for the Nasdaq and other American indices, potentially too, is Nvidia's upcoming earnings report on Wednesday, 27 August, after hours. Trading is risky. Trade with care and keep watching our informative videos to enhance your trading skills and strategies. #nasdaq #ustec #globalindices #tradeindices #marketoutlook #stockmarkets |
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