Nasdaq 100 (NDX) Up 0.16%, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart

The Hourly View for NDX

Last Updated June 3, 2021, 03:019 GMT

At the moment, Nasdaq 1000’s price is up 2.67 (0.02%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Nasdaq 1000 has now gone up 8 of the past 10 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning above it. 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

13675.7939 was the closing price of the day for Nasdaq 100, resulting in today being one in which price moved up 0.16% ($21.2) from yesterday. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 7th since yesterday in terms of percentage price change. Here is a daily price chart of Nasdaq 100.

NDX

Nasdaq 100 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

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

  • From averygrrl:

    Futures on the S&P 500 were little changed as of 7 a.m. New York time $SPYFutures on the Nasdaq 100 were little changed $QQQ Futures on the Dow Jones Industrial Average rose 0.2% $DIAThe Stoxx Europe 600 rose 0.2% $VGK The MSCI World index was little changed $VT

  • From vetris_stocks:

    Investing tid bits.Diversify your PF not just in sectors within the country. But also across countries. One can have 20% of the equity PF in them. A few are1. Nasdaq 100 ETF
    2. Edelweiss greater China offshore
    3. PGIM Global equity
    4. Mirae Fang+
    5. Edelweiss US tech fund

  • 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 averygrrl:

    S&P 500 futures were little changed as of 12:58 p.m. in Tokyo. -0.1%
    Nasdaq 100 contracts were flat. The gauge fell 0.2%
    Japan’s Topix index added 1%
    Australia’s S&P/ASX 200 rose 0.9%
    Hong Kong’s Hang Seng index shed 0.5%
    China’s Shanghai Composite -0.7%

  • 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”

  • From Ajay_Bagga:

    The S&P 500 and Nasdaq 100 closed with small losses.

As for a news story related to Nasdaq 100 getting some buzz:

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

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