Nasdaq on the Ropes - Wolfgang Bohm
Online, April 10, 2014 (Newswire.com) - The Nasdaq composite pierced through both the 50-day and 100-day moving average on Friday. This occurred in February but the composite was able to quickly bounce back and recapture these technical levels and move on to generate 14-year highs. Resistance on the index is now seen at former support near the 100-day moving average at 4151.
Momentum on the Nasdaq is negative with the MACD (moving average convergence divergence) index printing in negative territory with a downward sloping trajectory that foreshadows future negative price action. Additionally, the RSI (relative strength index) which is a momentum oscillator that measures overbought and oversold levels is printing near 37, which is on the lower end of the neutral range.
About Wolfgang Bohm
Whether you're an institutional investor, a financial advisor, or an individual guided by an advisor's personalized advice. We're a global asset manager and one of only a few firms that offer a true multi-asset approach to investing, combining asset allocation, manager selection and dynamic portfolio management. We recognise that the money we manage represents the hard work and savings of real people like you. That's why we work to deliver real, lasting value.
Wolfgang Bohm's Wealth Management business offers selected investment services and opportunities to individual clients. By combining risk management expertise with objective advice, global market access, a wide choice of structured and derivative products and outstanding execution, we can put together a package of solutions for every investment objective.
Wolfgang Bohm allocates capital to portfolio managers and proprietary traders. Wolfgang Bohm deploys its stable, risk-tolerant capital to a multitude of investment and trading strategies which fall into three broad categories: statistical arbitrage and other quantitatively-driven strategies; fundamental / relative value equity; and proprietary trading. In a crowded and highly-competitive market, Wolfgang Bohm has been able to create significant opportunities for alpha by: Assembling cohesive teams of portfolio managers, traders, analysts, researchers, scientists, developers and other technologists, support personnel and management.