{
  "id": 1021697,
  "title": "Trend followers could keep buying Nasdaq, BofA says",
  "url": "https://urgent.news/2026/08/15/trend-followers-could-keep-buying-nasdaq-bofa-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T10:46:27.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/trend-followers-could-keep-buying-nasdaq-bofa-says-4861768"
  },
  "original_language": "en",
  "account": "Bank of America forecasts that trend-following funds may continue to purchase Nasdaq stocks and Japanese equities, providing additional support to the market, according to a research note released on Friday. Commodity Trading Advisors, or CTAs, continued to buy equities during the week that ended on August 14, further reinforcing the positive price trends across major indexes. The positioning of CTA equity investments has reached its peak since the beginning of the Iran conflict in March, but could grow even more if market volatility during the summer period decreases, according to analysts.\n\nThe bank's models indicate that the short-term trend signal for the Nasdaq-100 is at -7%, while the medium-term signal stands at 63%, and the long-term signal is at 100%, suggesting a predominantly positive positioning outlook. In the bank's August 14 model, the Nasdaq-100 was valued at 30,140, with an estimated level for the beginning of long-position unwinds at 28,090. The model predicts that medium-term trend strength could improve on a median basis and bullish five-day price trajectories.\n\nBank of America's analysis indicates that systematic sell triggers are still relatively far away across major indexes, requiring declines of over 4% to generate substantial CTA selling. However, the bank notes that systematic positioning has shifted towards a more risk-averse stance after recent surges in equity long positions. Their models estimate that systematic strategies could purchase $11 billion if global equities rise over the upcoming week, or $19 billion if markets remain relatively stable, while a downturn in the market could trigger approximately $96 billion in selling.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}