Nasdaq 100 (NDX) Down 0.23%; in an Uptrend Over Past 14 Days

The Hourly View for NDX

Last Updated June 2, 2021, 03:019 GMT

At the moment, Nasdaq 1000’s price is up 4.41 (0.03%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Nasdaq 100 Daily Price Recap

13654.5889 was the closing price of the day for Nasdaq 100, resulting in today being one in which price moved down 0.23% ($31.92) from yesterday. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 13th for the day in terms of price change relative to yesterday. Here is a daily price chart of Nasdaq 100.


Nasdaq 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 8 out of the past 14 days.

Overheard on Twitter

Behold! Here are the top tweets related to Nasdaq 100:

  • From pinkysithole17:

    @Noni_theone Hi Noni, I own $O Realty Income and $QYLD Global X Nasdaq 100 covered calls on EE and $MAIN Main Street Capital on eToro. There are many others. I like these because of their track records, div yield and sustainability.

  • From KelvinSCWong:

    Weekly Performance (24 May-28 May)
    SP 500 $SPX +1.16%(ended 2 weeks of negative performances)
    Nasdaq 100 $NDX +2.05%(2nd consecutive positive week)
    Dow Jones $INDU +0.94%(ended 2 weeks of negative performances)
    Russell 2000 $RUT +2.42% (best weekly performance since 8 Mar week)

  • From RandyVegetables:

    Socialist really should be investing 100% of their disposable income into index funds like the S&P500 or NASDAQ 100.You literally become an owner of what makes the US a wealthy and prosperous nation.

  • From AnnekaTreon:

    Stellar earnings, M&A speculation and the promise of post-lockdown demand sent shares of European luxury companies like LVMH and Hermes to all-time highs, giving them multiples far richer than the Nasdaq 100 #bloomberg

  • From pravtweets:

    @connectgurmeet @swamishrikant @PuneetSingh84 The only problem with FANG+index is that it is equal weighted and with every rebalancing becomes contra. Confused between Nasdaq 100 and FANG+

  • From DailyFXTeam:

    “Wall Street Futures Update:Dow Jones (+0.02%)
    S&P 500 (+0.01%)
    Nasdaq 100 (+0.03%)[delayed]-BBG”

For a longer news piece related to NDX that’s been generating discussion, check out:

Nasdaq 100 Futures Lead Nikkei 225, ASX 200 Lower, RBA Rate Decision in Focus

Note: Low and High figures are for the trading day.