Nasdaq 100 (NDX) Makes Big Move Relative to Two Week Trend, 2 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

The Hourly View for NDX

Last Updated April 30, 2021, 03:019 GMT

At the time of this writing, Nasdaq 1000’s price is up 8.82 (0.06%) from the hour prior. Nasdaq 1000 has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on NDX; it is now pointing down. 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

Nasdaq 100 entered today at 13970.2051, up 0.49% ($68.59) from the day prior. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 5th for the day in terms of price change relative to the day prior. Below is a daily price chart of Nasdaq 100.


Nasdaq 100 Technical Analysis

Volatility for Nasdaq 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Nasdaq 100’s price has gone up 5 of the previous 10 trading days.

Overheard on Twitter

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

  • From KelvinSCWong:

    Earnings (after US close):
    Microsoft EPS beats. $1.95 vs. $1.78 est.
    Alphabet EPS beats, $26.29 vs. $15.82 est.
    $MSFT -2.66%(255)-after hours
    $GOOGL+4.24%(2388)-after hours
    No impact now on stock futures (Asia session)
    SP 500 $ES_F +0.09%(4182)
    Nasdaq 100 $NQ_F +0.11%(13968)

  • From KelvinSCWong:

    Scorecard (27 Apr):
    SP 500 $SPX -0.02%(4186)
    Nasdaq 100 $NDX -0.47%(13960)
    Dow Jones $INDU +0.01%(33984)
    Russell 2000 $RUT +0.14%(2301)
    US 10 Yr Treasury Yield +5bps (1.62%)
    US Dollar Index $DXY +0.1%(90.89)
    WTI Crude futures $LCO +1.6%(62.95)

  • From LizAnnSonders:

    More love for small caps re: earnings
    Average earnings beat vs. (average share-price gain next day):
    Russell 2000 +58% (+1%)
    S&P 500 +26% (-0.2%)
    NASDAQ 100 +28.5% (-1.7%)
    Via @Bloomberg

  • From Malikasr7860:

    @NeilBahal Mirae asset new fang etf fund or motilal oswal NASDAQ 100 fund ..?? If to choose either which one shd one go for

  • From StewartButton:

    FEDERAL RESERVE MINUTES:The Federal Reserve’s dual mandates (the SP 500 and Nasdaq 100) look fine, so no change to policy.

  • From DrShahEndo:

    @TaroTo6 @qcapital2020 @TheMarkCooke @BornInvestor @aadhansen @StockMarketNerd @dhaval_kotecha @SeifelCapital @CCM_Ryan @LukeDonay @invest_book @7investingSteve Nasdaq 100
    Emerging market
    Clean energy
    Innovative stocks

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

S&P, Nasdaq 100 futures are higher after Apple & Facebook beat estimates

U.S. stock index futures were higher in overnight trading on Wednesday, after the major averages posted losses for the day….The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there are some signs of froth in the market….”But we expect a choppier environment as tensions are set to persist between better economic growth and earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.