NASDAQ 100: Volatility is a Certainty Today for Speculators

It is not only earning season for the NASDAQ 100 as corporations report on their economic results and outlooks, but this week will also see a parade of critical inflation data from the States. The U.S will not only report CPI results today, but Producer Price Index numbers will come tomorrow, and Retail Sales figures will be reported on Friday. While technical traders may claim not to be interested in any of these reports, it is a certainty the data will affect behavioral sentiment in what is already a nervous stock market.

While the trading on the NASDAQ 100 has produced better results since the middle of June, this has not stopped nervous choppy conditions. Yesterday’ fall below the 11,700.00 mark was a reminder the technology driven stock index can move fast, and the lows touched on Tuesday did hit important support near the 11,680.00 level. Spikes have been prevalent on the NASDAQ 100 and this may be seen today as the CPI numbers are announced. The long-term bearish trend on the index has not likely seen its last days.