28 Sep 2023
To put things into perspective: Nasdaq 100 now down ~9% from high, largely in the ‘zone’ of recent NDX drawdown episodes over the last 1 year
Source: Bloomberg, HolgerZ
26 Sep 2023
NASDAQ's 1999 analogy chart isn't perfect but given the amount of shorting by hedge funds and short gamma selling by dealers, a squeeze in Q4 (the historically strongest quarter) is a possibility
Source: TME
18 Sep 2023
Top five stocks by market cap are c.50% of Nasdaq-100 Index market cap
Source: SG
8 Sep 2023
The longer term gap between NASDAQ and the US 10 year remains huge
Source: TME, Refiitiv
4 Sep 2023
With total return data going back to March 1999, the Nasdaq 100 (NDX)’s 42.54% YTD total return is the best on record (2020’s post-Covid bounce in tech stocks came close)
Source: Jim Bianco
25 Aug 2023
NASDAQ's bearish cross. The 21 day has now crossed the 50 day moving average.
NASDAQ futures putting in the biggest down candle in a long time and it looks like we have a new short term trend channel to watch. Source: TME
25 Aug 2023
Strange day on Wall Street. Despite Nvidia blockbuster earnings the Nasdaq is in the red
Within $SPX the pockets of strength are in real estate, utilities, financials, healthcare, and consumer defensives. Low vol is outperforming high beta. There are rotations to safer parts of the market happening underneath the surface. Source: Markets Mayhem, Bloomberg
9 Aug 2023
NASDAQ is currently trading right on the 50 day moving average
15200 is a short term level to watch, but the bigger support is at 15k. NASDAQ is now established "well" below the channel. Source: The Market Ear, Refinitiv
