Nasdaq 100 (NDX) Down 0.58%; in an Uptrend Over Past 90 Days

The Hourly View for NDX

Last Updated January 15, 2021, 03:020 GMT

Currently, Nasdaq 1000’s price is down -8.22 (-0.06%) from the hour prior. This is the 2nd straight hour Nasdaq 1000 has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on Nasdaq 1000. Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being below it. 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

The choppiness in the recent daily price action of Nasdaq 100 continues; to start today, it came in at a price of 12898.6895 US dollars, down 0.58% (74.94) since the previous day. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 13th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Nasdaq 100.

NDX

Nasdaq 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 10 days Nasdaq 100’s price has gone up 5 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Nasdaq 100:

  • From MarsiliosM:

    If you are new to my feed & market lingoDJI = Dow Jones Industrials, 30 biggest USA cos Also refer to SPX S&P500, Nasdaq 100 NDX tech stocks, RUT/IWM Russell small capsVIX / VXX volatility plays usually up if stocks downTLT = long duration treasury bonds
    GLD = gold

  • From IntStd:

    The reopening trade idea keeps edging markets forward – on the day so far petrol is up, dollar lightly strengthens, hopes of increased production are in the air even as on-the-ground economic effects remain little changed. Ever optimistic, Nasdaq 100 high today should be ~0.56%.

  • From KelvinSCWong:

    Overall, it’s a healthy movement to indicate that the medium term uptrend for US stock indices remain intact.
    SP 500 $SPX +0.2%3809)
    Nasdaq 100 $NDX +0.6%(12973)
    Dow Jones $INDU -0.03%(31060)
    Russell 2000 $RUT -0.7% (2111)

  • From PompBot:

    Good morning to everyone except the people who decided that the S&P 500 would have more than 500 stocks and the Nasdaq 100 would have more than 100 stocks.–@APompliano

  • From foodnfinance:

    What’s the sector breakdown for NASDAQ 100 Index Fund $QQQ? Currently it breaks down like this:
    Technology 62.89%
    Consumer Cyclicals 23.56%
    Healthcare 5.90%
    Consumer Non-Cyclicals 3.55%
    Industrials 2.18%
    Telecommunications Services 1.31%
    Utilities 0.60%

  • From wealth_beacon:

    @SumairaAbidi Global diversification of portfolio. How investors can get global equity exposure? Say MoSL nasdaq 100 FoF to Edelweiss Greater China offshore.

  • From sonirushabh:

    @SumairaAbidi Would like to know more about Kotak MF NASDAQ 100 fund of funds NFO.

  • From jackmsuckling1:

    @GrnBulls Not QQQ… QQQ is Nasdaq 100… It’s Nasdaq Composite at ATH, not Nasdaq 100