Nasdaq 100 (NDX) Fares the Worst Out of equity indices, 2 Day Up Streak Ended; But Still in an Uptrend Over Past 30 Days

The Hourly View for NDX

Last Updated April 28, 2021, 03:019 GMT

Currently, Nasdaq 1000’s price is down -13.15 (-0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 entered today at 13960.2783, down 0.47% ($65.88) from yesterday. Those trading within the equity indices asset class should know that Nasdaq 100 was the worst performer in the class today. Below is a daily price chart of Nasdaq 100.

NDX

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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

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

  • From KelvinSCWong:

    Weekly Performance (19-23 Apr):
    SP 500 $SPX -0.13%
    Nasdaq 100 $NDX -0.72%
    Dow Jones $INDU -0.46%
    Russell 2000 $RUT +0.41%
    $SPX $NDX & $INDU posted first weekly losses after 4 weeks of consecutive weekly gains. $RUT managed to outperform

  • From KelvinSCWong:

    Within Information Technology Sector, Semiconductors $SOXX shined with +1.83%Overall, medium term uptrend remains intact on the major US stock indices; SP 500, Nasdaq 100, Dow Jones Industrial Average

  • From FeiCai9:

    Nasdaq Composite new ath today. Nasdaq 100 notched new aths first 2 weeks ago. Now all growth stocks are participating this tech breakout, large and small

  • From fredtheinvestor:

    @GrettahS ETF’s:
    – JSE top 40
    – S&P 500
    – Nasdaq 100Stocks:- Tesla
    – Apple
    – Amazon
    – Twitter
    – Facebook
    – Nike
    – CokaCola
    – Google
    – Purple Group
    – Naspers
    – Aspen
    – Alibaba

  • From fredtheinvestor:

    @Da_guyzin ETF’s:
    – JSE top 40
    – S&P 500
    – Nasdaq 100Stocks:- Tesla
    – Apple
    – Amazon
    – Twitter
    – Facebook
    – Nike
    – CokaCola
    – Google
    – Purple Group
    – Naspers
    – Aspen
    – Alibaba

  • From DailyFXTeam:

    Wall Street Futures Update:Dow Jones (-0.04%)
    S&P 500 (-0.04%)
    Nasdaq 100 (+0.01%)[delayed]-BBG

In terms of news links for Nasdaq 100 here’s one to try:

With Outsize Influence On S&P 500 And Nasdaq 100, Top Six Get Ready To Report – Hedgopia

Just in the first quarter, the S&P 500 rallied 5.8 percent, the S&P 400 13.1 percent and the S&P 600 17.9 percent….With five sessions to go this month, the S&P 500 and 400 are up another 5.2 percent each and the S&P 600 2.3 percent….After ticking 1.77 percent on March 30, the 10-year treasury yield has come under pressure, tagging 1.53 percent intraday but closing at 1.57 percent last Friday; the 50-day moving average at 1.55 percent was defended….In fact, through Wednesday’s low, the index was down 2.3 percent for the week; Friday’s rally helped it cut the loss to a decline of 0.7 percent….AAPL and TSLA are 7.3 percent and 19 percent below their respective January 2021 highs, AMZN six percent below its September 2020 high and FB 4.7 percent from this month’s high….In fact, in six out of the last seven weeks, the ratio closed at low-0.80s to high-0.70s (Chart 6).