Nasdaq 100 (NDX) Heads Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

The Hourly View for NDX

Last Updated April 9, 2021, 03:019 GMT

At the moment, Nasdaq 1000’s price is up 4.01 (0.03%) from the hour prior. The hourly chart shows that Nasdaq 1000 has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 is up 1.04% (141.8) since the day prior, marking the 2nd day in a row an increase has occurred. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Nasdaq 100 below illustrates.

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 6 out of the past 10 days.

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 stageanalysis:

    @itailevitan Too early to tell imo. I don’t personally like breakouts from cup without handle patterns, as they are extended at the breakout point i.e. Nasdaq 100 will have moved around 10% in 2 weeks, which is a lot for it. So the ideal for me would be some back and fill on low volume.

  • From TalksOnPoint:

    One Call Tech/OPD news time, 7:45 central/8:45 eastern. Stock Market futures – Dow Jones Industrial Average pointed to an opening gain of about 24 points. S&P 500 futures and Nasdaq 100 futures added about 0.1%.

  • From bespokeinvest:

    Just when everyone was praising breadth, you get today where both the S&P and Nasdaq 100 are up but 2/3 of their index members are in the red. And the Russell $IWM is down ~1.5%.

  • From busboy68:

    @markminervini For what it is worth – options on VRTX have the highest implied volatility in the Nasdaq 100 so option traders expecting something big to happen +- .

  • From KelvinSCWong:

    Scorecard (6 Apr):
    SP 500 $SPX -0.10%(4073)
    Nasdaq 100 $NDX -0.14%(13578)
    Dow Jones $INDU -0.29%(33430)
    Russell 2000 $RUT -0.25%(2259)
    US 10-yr Treasury yield -6bps(1.66%)Neutral Market Breadth:
    NYSE Advance/Decline=1974/1279
    Nasdaq=
    Advance/Decline=1966/2099

  • From DailyFXTeam:

    Wall Street Futures Update:Dow Jones (+0.07%)
    S&P 500 (+0.20%)
    Nasdaq 100 (+0.24%)[delayed]-BBG