Remember: The Nasdaq 100, a stock market index that tracks the performance of 100 of the largest non-financial companies listed on the Nasdaq stock exchange, has been dominated by technology companies for years. In fact, the top five companies in the index – Apple, Microsoft, Amazon, Facebook, and Alphabet (Google) – are all technology giants.
In the past, months ago we were already talking about the important technological index of the United States of America.
What was said is that we were trying to stop falling and that the price could have a behavior of upward interest, but the months are advancing and now starting June 2023, we find ourselves with a different situation.
In the following graph, we can see what happened on March 2, 2023. Long-term accelerated guideline, which had just been tested. That support zone had to endure.
Let’s also not forget that Nasdaq, there are two:
The NASDAQ Composite is a stock market index that represents the performance of over 3,000 common stocks and other securities listed on the Nasdaq stock exchange. It is one of the major stock market indices in the United States and is widely used as a benchmark for the performance of the technology sector and the broader stock market.
The NASDAQ Composite includes companies from various sectors, but it has a heavier weighting toward technology-related companies compared to other indices like the Dow Jones Industrial Average (DJIA) or the S&P 500. Some of the well-known companies listed on the NASDAQ Composite include Apple, Microsoft, Amazon, Facebook, Alphabet (Google), and Intel.
Investors and financial analysts often use the NASDAQ Composite as a gauge of the overall health and performance of the technology sector and the broader market. Changes in the index reflect the collective performance of the listed companies and can be influenced by factors such as economic conditions, investor sentiment, and company-specific news.
The NASDAQ-100 is another major stock market index that tracks the performance of the largest 100 non-financial companies listed on the NASDAQ stock exchange. It is known for its heavy weighting towards technology and growth-oriented companies.
The NASDAQ-100 Index includes some of the most prominent and influential technology companies such as Apple, Microsoft, Amazon, Facebook, Alphabet (Google), Intel, and many others. However, it excludes financial companies, which sets it apart from indices like the Dow Jones Industrial Average (DJIA) and the S&P 500.
Similar to the NASDAQ Composite, the NASDAQ-100 is widely used as a benchmark for the technology sector and is closely watched by investors and financial analysts. It provides insight into the performance of leading technology and growth stocks and is often considered a barometer for the broader technology market.
In the following charts, on the left, the Nasdaq Composite, and on the right, the Nasdaq 100
Speaking to continue this article, of the Nasdaq 100, we are now, and after the rise, at a very important moment, because the price could already stop rising.
Speaking to continue this article, of the Nasdaq 100, we are now, and after the rise, at a very important moment, because the price could already stop rising.
If you follow my articles, I characterize myself by explaining what happens in important areas, both within TradFi and DeFi.
The moment is important, since at the end of the European spring, many indices stop rising and face either sideways or even an erratic somewhat bearish movement.
Bringing the magnifying glass closer to the last years of the Nasdaq 100, and after the start of the upward movement in 2023, it may be time to consider, pause trading, or even work on “downward” products, such as put options or index futures . Be that as it may and without it being an investment recommendation and only technical analysis information for those interested, the price can stop rising and even search for areas of 13,500 points.
And as I always say, if what you are looking for is a training school to invest, where the real objective is quality teaching, to identify the important areas, at a price, at BELOBABA Academy, we are open to sharing our knowledge, Many years working the markets, so that the students learn better, to manage risk, to identify buying or selling areas and above all, to have a real vision of what the markets do, within their complexity.
A cordial greeting to all.
Not Financial Advice