top of page
Search

Technical Review of NDX 100 Index

NASDAQ 100 Index (NDX) – NDX is one of the more popular stock market indexes that is comprised of 102 stocks. This modified market capitalization-weighted index is compiled using 100 of the largest non-financial companies on the NASDAQ Composite Index (COMPQ). NDX is heavily skewed toward Technology, Consumer Services, and Health Care sectors. As of 9/10/21, the top 10 constituents of NDX are AAPL (11.16% market-cap weight), MSFT (9.99), AMZN (7.85), GOOG (4.12), FB (4.07), TSLA (3.94), NVDA (3.83), GOOGL (3.89), PYPL (2.28), and ADBE (2.15).


Nasdaq 100 Index (NDX) continues with its 1-plus year uptrend channel between 14,315 and 15,931. Above 15,931 confirms an accelerated channel breakout and suggests +1,616 or an NDX target at 17,547. Initial support rises to 15,096 or the 50-day ma. Below the bottom of the channel at 14,315 warns of breakdown and suggests a retest of the 200-day ma at 13,756.


To view the entire report go to the Reports tab on the website or click the following:


https://72150fac-a2b1-4107-bcb6-58c3b0a146d7.filesusr.com/ugd/f8f1c6_af3e409bec1a4100aea1fe8be5833b79.pdf


26 views0 comments

Recent Posts

See All

Technical Summary Equities – A recent violation of the bottom of the Jun 2023 triangle (now at 4,394), six negative outside days (7/27, 8/4, 8/10, 8/24, 9/1, and 9/20), and three gap-downs (8/2, 9/6,

bottom of page