(Daily Notion): US30 and SPX500 Rises, NAS100 Dips. Next Mover: Brexit Deal, New Covid-19 Strain

NASDAQ 100 (as of Dec 24, 2020 at 2.25 p.m.)

Source: Yahoo Finance

SPX 500 (as of Dec 24, 2020 at 2.25 p.m.)

Source: Yahoo Finance

US30 (as of Dec 24, 2020 at 2.25 p.m.)

Source: Yahoo Finance

The US30 was up by 0.38%, followed by the SPX500 which was up by 0.07%. The NAS100 dipped 0.29%.

The US30 was boosted by the rise in energy and financials. Analyst estimate that if the 30,250 (423.6% Fibonacci level) is hit, a rally could be on the way.

The initial jobless claims came in better than expected at 803,000. This bit of positive news was shadowed by uncertainties following President Trump’s threat of vetoing the Covid-19 stimulus bill. President Trump has called the bill a ‘disgrace’, voicing out that the stimulus amount should be increased to $2,000 instead of $600.

However, there is a risk on sentiment in the market, which is a result over the Brexit deal, the next market mover. Will the Brexit deal be finalised to bring some well-needed Christmas cheer to a world plagued with a new Covid-19 strain and rising new cases?

FOLLOWME User Sentiment (as of Dec 24, 2020 at 2.25 p.m.)

SPX500

Short – 78.87%

Long – 21.13%

NAS100

Short – 72.99%

Long – 27.01%

US30

Short – 76.38%

Long – 23.62%