Nikkei 225 boosted by strong Dow and NASDAQ 100
Japanese shares gain on Dow Jones industrial Average and NASDAQ 100 boost.
Nikkei 225 regains Monday’s sell-off
Following profit taking on Monday, the Nikkei 225 regained its losses on Tuesday morning, helped by another strong showing of US indices.
Last week’s high and the 200-day simple moving average (SMA) at 38,152-to-38,239 are currently being tested, slightly above which the 55-day SMA can be spotted at 38,601. If overcome, the late July high at 39,280 would be next in line.
The short-term bullish bias is likely to remain in play while Monday’s low at 37,163 underpins.
Dow Jones Industrial Average surges ahead
The seems to be no stopping the Dow Jones with it being on track for its sixth consecutive day of gains whilst approaching its late July high at 41,207. Slightly further up sits the Dow’s all-time high at 41,382.
Immediate upside pressure should be maintained while Monday’s low at 40,606 holds.
NASDAQ100 continues its advance
The NASDAQ 100 has not only risen above its 55-day SMA at 19,501 but, more importantly, also above its late July peak at 19,577 with the late June high at 20,006 representing its next upside target.
Previous resistance, because of inverse polarity, should now act as support, that is to say the 19,577-to-19,501 area.
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.
