Nasdaq 100 (NDX) Fares the Worst Out of equity indices, Down 1.24%; But Still in an Uptrend Over Past 30 Days

The Hourly View for NDX

Last Updated April 23, 2021, 03:019 GMT

Currently, Nasdaq 1000’s price is up 6.31 (0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them so that price is now turning above it. 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 13762.3584, down 1.24% ($172.79) from the previous day. 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. 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

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

  • From RayGuardado:

    @tatteredpbk Sure np. I trade /NQ so I like to see $TICK/Q , $ADQD , Advance/Decline in the Nasdaq 100. I see it as an XRay of what is really going on inside the body of my instrument. I can see a strong body (price) but maybe the inside is all rotten and sick =)

  • From KelvinSCWong:

    In my humble opinion, it’s rather due to short term extreme overbought conditions after SP 500, Nasdaq 100 & Dow Jones hit fresh all time high last week. Plus a bit of cautious stance due to a huge increase in analysts upgrade for US Q1 earnings (we are only in the 2nd week)

  • From FinanceHippy:

    If i had to create a portfolio for the next 30 years to maximize growth and stability, that i could never touch:40% $VOO S&P 500 index
    20% $QQQ Nasdaq 100 index
    10% $VPU Utilities
    10% $SOXX – Semiconductor/ chips
    10% $PBW – Clean energy
    10% $SRVR – Data infrastructure

  • From JayJacobsCFA:

    You can’t spell Netflix without ETF (its true, look it up).Held in aprx 200 ETFs, ranging from Large Cap Growth, Comms, Disruptive Tech, Nasdaq 100 ex-Tech, Cloud, AI, Internet, Hedge fund Replication, Millennials, Social Sentiment, & diff ESG approaches. h/t @ETFResearchCtr

  • From keletsovionah:

    4IR dividends distribution: Semi-Annual Dec & JanAlternatives: The fund’s indirect alternatives are the Satrix Nasdaq 100 ETF with a total expense ratio of 0.48% and Stanlib S&P 500 Feeder ETF (TER 0.27%)

  • From KelvinSCWong:

    Overall, the medium-term uptrend remains intact on the SP 500, Nasdaq 100 & Dow Jones & big sideways for Russell 2000. Watch these key supports:
    $SPX=4060
    $NDX=13540
    $INDU=33200

  • From RolandWNoBrakes:

    @HUPatentAttny Yep. Especially since it’s earnings season among the Nasdaq 100

  • From dox_trader:

    Nasdaq 100 SELL Signal 30M Pre-market $QQQ