NASDAQ 100 and Dow struggle but DAX moves higher
While the DAX is making strong progress early on, US indices are subdued after reversing course on Wednesday.
NASDAQ 100 fights to hold 200-day MA
After rebounding on Tuesday, the NASDAQ 100 index fell back on Wednesday to the 200-day simple moving average (SMA), currently 17,831, and closed above this level.
Early trading on Thursday has put further pressure on the price, though it is still above the 200-day SMA for the time being. A close below the 200-day would suggest a new push towards the lows of the week. A close back above 18,300 would help to suggest that a low has formed.
Dow on the back foot after reversal
Wednesday saw renewed losses for the Dow Jones index, though it has held above Monday’s lows for the time being.
A bounce on Tuesday failed to continue into a second day, leaving the price at risk of further declines. The Monday low and then the 200-day SMA (currently 38,210) come into view in the event of more losses.
A close back above 39,200 might suggest that a low has formed.
DAX rebounds
Thursday has begun with gains for the DAX 40 index, which may now test its 200-day SMA from below, after reversing course yesterday and closing below this indicator.
A close back above the 200-day SMA might help suggest a low has formed and would put the price back on an upward course. A failure to hold above the 200-day SMA would suggest a fresh turn lower that would test 17,250 and lower.
This information has been prepared by IG, a trading name of IG Markets Limited. 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. See full non-independent research disclaimer and quarterly summary.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
