NASDAQ 100, Dow and DAX continue to make gains
Early trading has seen indices moving cautiously higher, on a day devoid of major news flow.
NASDAQ 100 continues to move higher
The NASDAQ 100 index continues to push higher from the lows of last week, recovering in the wake of Netflix’s results.
Last week saw a drop towards 20,000, but buyers entered around 20,030, helping to form a higher low and put the price back on an upward course. Further gains head towards the July high at 20,760, while a close back below 20,000 would be needed to negate this view.
Dow contemplates more gains
The latest run higher from the lows of early October is intact, with the Dow Jones index holding above 43,000 and at a new record high.
Bullish momentum could continue to push the price towards new highs. Trendline support from August is found down towards 42,000 at present, along with the early October low around 41,800.
DAX returns to previous high
The DAX 40 index returned to Thursday’s record high in trading this morning, continuing its uptrend.
Since early October the price has gained 600 points, rallying from the higher low and maintaining the bullish view. In the event of a pullback, the index may target the 18,935 level from early October, and then the 50-day simple moving average (SMA), currently 18,851.
IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.
The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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. Please see important Research Disclaimer.
Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.
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
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
