Daily Market Analysis 05.05.2022: US100

Instrument: US100

Technical Analysis

Bullish Preference: 
Buy position is envisaged if price trades above 13557.00 with take profit at 13637.23
Bearish Preference: 
Sell position is envisaged if price trades below 13375.75 with take profit at 13293.62
1:30pm USD Unemployment Claims

Flex Earnings Beat, Revenue Misses In Q4 fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. Investors holding beaten-up electric vehicle stocks are bracing for a slate of first-quarter earnings reports, which roll out over the next few days. The asset group has had a rough ride, with the S&P Kensho Electric Vehicles Index off 25% since the beginning of 2022 and down 43% from its February 2021 peak. The index tracks EV makers like Tesla and Honda as well as major auto industry suppliers like Visteon and Lear.

Analysis: SCRUM Team

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