The Hourly View for NDX
Last Updated June 10, 2021, 18:20 GMT
At the moment, Nasdaq 1000’s price is up 13.75 (0.1%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Nasdaq 1000 has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Nasdaq 100 Daily Price Recap
Nasdaq 100 closed the day prior up 0.03% (4.08); this denotes the 3rd day in a row an increase has occurred. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 4th for the day in terms of price change relative to the day prior. Here 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 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Nasdaq 100’s price has gone up 9 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Nasdaq 100 for the past day were:
- From TheStockBubble:
@dailydirtnap Yes, you have J. There was the same unshakable belief in JDSU and Sun Micro and most of the Nasdaq 100 in 2000 and 2001. You needed the 80%-90% total decimation of faith to shake the tree 🌳. I suspect you will need to see 75% here as well. And then libertarians can buy again. 🧐
- From SamBlak65731531:
@great_martis I think Nasdaq 100 is an even bigger scam and bigger bubble. Nasdaq 100 is at $15T; in 2000 Nasdaq composite went down 80%; but the current Nasdaq100 is a super-bobble; it will fall by at least 90 or more. So, $13.5 T or more has to be liquidated.
- From senthu59006848:
@Stocks4Youngies S&P 500 or better nasdaq 100 are great index funds to go after.
That being said weve had great success from interest rates flying south and americas competition with china easing restrictions on tech companies. FX between pound/dollar seems to favour the pound strengthing too
- From sunchartist:
@aHybridOriginal @naufalsanaullah That means the RTY is outperforming QQQ as rates rise. Does not propose QQQ is going back into range.
Nasdaq 100 +0.23
IWM +1.34%. You can have Nasdaq falling if rates rise as it is a longest duration asset
- From KushalKumarM09:
@homemakerguy @passivefool All the Nasdaq 100 stocks are included in the s&p500 index, so out of 500 stocks 100 stocks are from nasdaq, and the weightage of the stock is also high, so it’s better to choose one fund
- From garydav2:
@truemagic68 Top of the morning to you. No stopping the #NASDAQ 100 at the moment. Shaking off the tax news and inflation concerns for now….
- From Danger009Mouse:
There are 2 companies in the S&P 500 & NASDAQ 100 that are Oversold based on RSI today: $CI, $OGN
- From jj_cervera:
@Prof_Kalkyl When is it going to be on Nasdaq 100?