FED Is In The Hawkish Side, TECH100 Stand Still
FED May Rapidly Shrink The Size Of Its Balance Sheet, TECH100 Rebound Is Limited.
Investors are suggesting to trade in 14600 with a sell order in short-term, take profit on 14370, stop loss on 14690.
Buffett’s Berkshire Hathaway disclosed that it had purchased a $4.2 billion stake in HP and held about 121 million shares of the company, boosting HP’s surge, while technology stocks Microsoft and Apple rose, driving the TECH100 rebound after fells deep. But the minutes of the FED’s March meeting hinted that it may need to raise interest rates sharply and quickly begin to shrink the size of its balance sheet. Bullard, St. Louis FED President says another 300bps increase in the federal funds rate is needed by the end of the year, and this make the trend of TECH100 got pressure.
In the 4-hour K-line chart, 5, 10, 20MA arranging after fell, K-line is below 60MA, KD indicator rebounded, MACD histogram in negative value, MACD double line arranging, shocks in interval after short-term fells, the middle rail of Bollinger Bands constitutes resistance, rebound can take the profit of buy order. Investors are suggesting can trade with a sell order in short-term when in a high position.
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