NASDAQ 100 steady but Dow and DAX drift lower
While the NASDAQ 100 is holding firm, both the Dow and DAX have edged back from their recent record highs.
NASDAQ 100 steady ahead of Tesla earnings
After some losses in the middle of last week, the NASDAQ 100 index has steadily clawed its way higher.
Last week’s high around 20,500 is the first target, followed up by the July peak at 20,760. A reversal back below 20,000 brings the early October low around 19,750 into view. This area was also the high from mid-August, representing a key zone to watch.
Dow falls back from new high
While it reached a record high at the end of last week, the Dow Jones index has now fallen back. The October low around 41,850 and the 50-day simple moving average (SMA) both come into play in the event of a drop.
A revival back above 43,000 could see the index challenge the recent highs.
DAX still in long-term uptrend
Two days of losses have knocked the DAX 40 index back from its record high, though the overall uptrend is intact.
A more sustained move down still targets the October low at 18,935. This is followed up by the July high at 18,782, and then the May high of 18,636.
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.
