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Nasdaq 100 futures still in the red this morning

As covered here late yesterday evening the slightly better than forecast Q3 results from Apple did not help the Nasdaq 100 futures. In fact they fell back following some details within that report showing a lower than forecast Chinese revenue component. Prior to that the Nasdaq 100 had already closed higher anyway. The index had piled on 254 points on the day, closing at 14,919. So, to some extent the overall top and bottom line Apple beats on revenue and EPS were probably priced in. Since the US close the Nasdaq 100 futures have been struggling for traction and as things currently stand they are indicating a lower opening later today. The high seen ahead of the close last night had been set at 14,930, which was just short of its 50 day moving average (in place then at 14,946) . So, clearly that might have provided a barrier. We shall see later today if that is the case, when live trading resumes. Meantime, the Nasdaq 100 futures are currently pricing a reopening at around 14,865

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