Nasdaq 100 and Dow hit new highs while Nikkei 225 rally gathers pace
US indices have started December well, and the Dow and Nasdaq 100 are the latest to hit new highs. Meanwhile, the Nikkei 225’s gains have continued.
Nasdaq 100 at new high
The Nasdaq 100 surged to a new high yesterday, a day after breaking through the earlier November record high.
Momentum continues to power the index to fresh highs and shows no sign of a reversal. A close back below the November high of 21,233 and then below 21,000 could signal that some short-term weakness is in play. This might then target 20,350, and then the pre-election 20,000 low.
Nasdaq 100 daily chart
Nikkei 225 continues to rally
Three days of strong gains have put the Nikkei 225 on course to test the 40,000 level once more.
This has acted as a barrier to more gains in recent months. A close above 40,270 would open the way to the March high at 41,163 and from there the record high from July at 42,485 becomes the next target. Recent losses have been stalled at 38,000, so a close below this is needed as a catalyst for more substantial downside.
Nikkei 225 daily chart
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
