Unemployment Claims Data Soared Unexpectedly, Nasdaq Gets Tough
The latest U.S. unemployment claims for the week ended January 15 recorded 286,000, higher than expected.
Investors are recommended to consider marginal Short at market price, Target 14650, Stop-Loss by 14800.
The newly announced U.S. initial claims for unemployment benefits for the week ended January 15 recorded 286,000, which was unexpectedly higher than the expected 220,000. In the absence of easing inflation, the labor market had a warning sign, and investors are worried that the United States will fall into hyperinflation, which may put pressure on the US index. In addition, the US Senate passed an anti-monopoly bill a few days ago, and technology stocks have plummeted. Overall, Nasdaq may maintain a volatile downward trend in the short term.
In 1Hrs range, (5,10,20)Mas tangles with declining tendency, MACD shown enhancement and powerful on Shorting momentum. KD death-crossing around 80 and fall. Therefore, Nasdaq may maintain the downtrends in the short-term, would suggest Investors to consider marginal Short position for the possible best interest.
Information above belongs to 3rd party media comments, can only be use for references and doesn’t represent our platform’s opinion. Investor should maintain sole-determination, self-evaluation required and be responsible for own action.