Option Trader commented on a stock · May 15, 2021 23:13

Watch next week's NASDAQ trend through the 30-minute level

$Nasdaq Composite Index (.IXIC.US)$ Since the CPI index exceeded expectations by 4% last Wednesday, the market made up for losses and exceeded expectations (2.6% +), but the number of jobless claims and employment data on Thursday and Friday caused a continuous rebound and supplementary rise in the market on Thursday and Friday. On Friday, the NASDAQ sat at 13270 and hit the upward pressure level of 13450, and then fell slightly. Looking at trading volume (shrinking), it shows that investors' pessimism about the market has abated. It also partly reflects investors' speculation about Wednesday's excessive fall and rebound did not trigger a holdup. Reflects that most investors are interested in the market in the short term Restoring confidence. Depending on next week's various economic data, it is likely that the NASDAQ will maintain a sideways fluctuation next week, or will experience a slight fluctuation and the upward fluctuation range is 13320 - 13500. Individual stocks will overbuy and pull back last Friday. It is recommended that positions be reduced at higher prices. Options investors need to be extra careful this week. They can close with a small amount of money by shorting individual stocks that surged last week for intraday profits.