{"id":149887,"date":"2019-06-19T10:46:44","date_gmt":"2019-06-19T14:46:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149887"},"modified":"2019-06-19T06:48:08","modified_gmt":"2019-06-19T10:48:08","slug":"nasdaq-100-analysis-positive-data-bullish-for-nd100-stock-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/nasdaq-100-analysis-positive-data-bullish-for-nd100-stock-market\/","title":{"rendered":"Nasdaq 100 Analysis: Positive data bullish for Nd100 Stock Market"},"content":{"rendered":"
June 19, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Positive data bullish for Nd100<\/strong><\/p>\n

US retail sales and industrial production rose in May. Will the Nd100 <\/a> stock index continue advancing?<\/p><\/blockquote>\n

US economic data were positive on balance ahead of Federal Reserve meeting: US retail sales grew 0.5% in May, and sales were revised to 0.3% growth for April after an initial estimate of 0.2% decline. US industrial production rose 0.4% in May, when 0.2% rise was expected, and utilization edged up 0.2 percentage point to 78.1%. And while home builder confidence declined slightly in June, it still recorded improvement: the reading from the National Association of Home Builders survey for June showed that home builder confidence fell two points to 64 in June. However, any reading over 50 signals improvement. At the time the Federal Reserve is viewed to be leaning toward easing after prolonged US-China tariff standoff damped market sentiment positive economic data are bullish for US equities market.<\/p>\n

\"Nd100<\/p>\n

On the daily timeframe Nd100: D1 <\/b> is rising after closing below Fibonacci 38.2 level. It has returned above 50-day moving average MA(50). These are bullish developments.<\/p>\n