QQQ Stock – Nasdaq 100 (NDX) Up 0.77%; in an Uptrend Over Past 30 Days
The Hourly View for NDX
Last Updated June 15, 2021, 04:020 GMT
Currently, Nasdaq 1000’s price is up 11.54 (0.08%) 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. price action traders may also wish to note that we see a pin bar candlestick pattern on Nasdaq 1000. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 0.77% (108.55); this denotes the 7th straight day an increase has occurred. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 2nd for the day in terms of price change relative to the day prior. Below is a daily price chart of Nasdaq 100.
Nasdaq 100 Technical Analysis
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 10 them.
Overheard on Twitter
Behold! Here are the top tweets related to Nasdaq 100:
- From AlternateTrader:
@themotleyfool Watch the big markets like S&P 500, the NASDAQ 100, the Russell 2000, use the market trends to invest in leveraged indexes. Buy when the trend goes up, hold when the trend continues and sell when the trend reversed. Keep it simple.
- From dividendc2:
ETF HIGH DIVIDEND TOP5-REVS Columbia Research Enhanced Value ETF 23,62%-AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF 23,47%-TAAG Trend Aggregation Growth ETF 14,28%-GLCN anEck Vectors China Growth Leaders ETF 13,56%-QYLD Global X NASDAQ 100 Covered Call ETF 12,35
- From arvindraj4:
- From FBS_marketnews:
- From Chart_Guy:
$SPY $DIA $QQQ The Nasdaq 100 bubble is so large it runs the risk of getting cut in half.
- From barnejek:
*NASDAQ 100 INDEX RISES 0.9% TO CLOSE AT RECORDInflation will destroy tech stocks, they said…
- From RichardMoglen:
Important #SentimentSurvey !
In one week, the NASDAQ 100 will close:
- From BullMarketGod:
@Lollipo01574764 No just your regular old NASDAQ 100 tech index 🙂
- From As51MIR8C7LZIYC:
@Dan_Takahashi_ #モーサテ good analysis! Nasdaq 100 got it
As for a news story related to Nasdaq 100 getting some buzz:
Two traders’ favorite Nasdaq 100 stocks that are significantly below their 52-week highs
In the same interview, Craig Johnson, senior technical research analyst at Piper Sandler, said that while he also liked Peloton, he preferred Tesla out of that group….”This is a stock that I think can do well moving into the second half of the year.” Johnson also said Tesla is well liked at Piper Sandler by senior research analyst Alex Potter, who slapped a $1,200 price target on the stock.