Investor’s expectations for record industry profits led NASDAQ to All Time High. The downward tension between the US and China is also in support the growth. If we compare NASDAQ positions to SPX and Dow Jones, the tech index is much better. Amazon Apple, Microsoft and Facebook shares rose most with Amazon’s stock today, expecting the positive sentiment in the technology sector to be sustained during the Asian session.
During the Asian session, it is good to target Asia’s technology giants for intraday profit, up to 2%.
Chart: Used with permission of Bloomberg Finance L.P.
Trader Petar Milanov