NASDAQ Composite (.IXIC) 10-year extension of CME Group’s exclusive license

NASDAQ Composite (.IXIC) 10-year extension of CME Group’s exclusive license

NASDAQ Composite (.IXIC) 10-year extension of CME Group’s exclusive license

Today, we announced a 10-year extension of CME Group’s exclusive license to offer futures and options based on the Nasdaq-100 and other Nasdaq indexes, through 2029.  The CME Group operates the largest equity index futures complex in the world and have been our exclusive partner on the Nasdaq-100 futures product dating back to 1996.  The decision to keep the Nasdaq-100 futures product with The CME ensures market participants worldwide will continue to have seamless access to our suite of Nasdaq-100 futures and options products alongside other leading equity products on a single exchange, as average daily trading volume for our products has nearly tripled during the past five years, and doubled since 2017.

The extended licensing agreement covers Nasdaq-100 futures and options, Nasdaq Biotechnology and Nasdaq Composite indexes, as well as other indexes that complement market participants’ U.S. index trading strategies.  This extension will allow both our companies to continue to innovate as partners within the equity index marketplace and deliver customer-focused risk management tools to help the general investing public build and protect assets.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 8,200.24.

The projected lower bound is: 7,883.05.

The projected closing price is: 8,041.64.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 72.0184. This is not an overbought or oversold reading. The last signal was a buy 14 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.10. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 19 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 112.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 19 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 2 period(s) ago.

Rex Takasugi – TD Profile

NASDAQ COMPOSITE closed down -9.051 at 8,037.302. Volume was 4% above average (neutral) and Bollinger Bands were 48% narrower than normal.

Open High Low Close Volume___
8,091.4978,107.3798,019.7678,037.302 543,432,704

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 8,003.80 7,914.96 7,468.84
Volatility: 9 13 19
Volume: 644,508,352 516,817,952 522,869,184

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

NASDAQ COMPOSITE is currently 7.6% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .IXIC at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .IXIC and have had this outlook for the last 2 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH