The Nasdaq is heavily weighted towards technology stocks, and these tech companies often report strong earnings during the summer.
Companies such as Apple, Microsoft, Amazon, and Alphabet (Google) have fiscal quarters ending in June, with earnings reports typically released in July. Positive earnings reports can drive tech stock prices higher. Summer can also be a period of product launches and innovations in the tech industry. For example, Apple’s Worldwide Developers Conference in June has often stirred excitement in the past and can boost tech stocks. It occurred this year from June 10 through to June 14. You can see some of this year’s announcements here.
So, will the latest US NFP report give investors confidence that a Fed rate cut in September is coming? Will this help the Nasdaq move higher again?
Technically, the Nasdaq is in a strong long-term bull trend and the region below 19,000 is the major weekly support level from March highs where buyers would be likely to step in again should price fall to the area marked below.
Trade risks: While these factors above can contribute to seasonal price increases, it's important to note that the Nasdaq prices are not guaranteed to rise in July as there have been times when the Nasdaq has fallen.
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular ...
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular financial instrument, group of securities, segment of industry, analysis interval or any particular idea, approach, strategy or attitude nor provides consulting nor brokerage nor asset management services. seasonax GmbH hereby excludes any explicit or implied trading recommendation, in particular, any promise, implication or guarantee that profits are earned and losses excluded, provided, however, that in case of doubt, these terms shall be interpreted in abroad sense. Any information provided by seasonax GmbH or on this website or any other kind of data media shall not be construed as any kind of guarantee, warranty or representation, in particular as set forth in a prospectus. Any user is solely responsible for the results or the trading strategy that is created, developed or applied. Indicators, trading strategies and functions provided by seasonax GmbH or on this website or any other kind of data media may contain logical or other errors leading to unexpected results, faulty trading signals and/or substantial losses. seasonax GmbH neither warrants nor guarantees the accuracy, completeness, quality, adequacy or content of the information provided by it or on this website or any other kind of data media. Any user is obligated to comply with any applicable capital market rules of the applicable jurisdiction. All published content and images on this website or any other kind of data media are protected by copyright. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
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