\u200b\u200b\u200b\u200bDow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound
انتشار: بهمن 03، 1402
بروزرسانی: 26 خرداد 1404

\u200b\u200b\u200b\u200bDow and Nasdaq 100 at Record Highs, while the Russell 2000 Continues to Rebound


Dow Jones, Nasdaq 100, Russell 2000 Analysis and Charts

\u200b\u200b\u200bDow clocks up new record

\u200bMonday saw the index record a new record high, after doing the same at the end of last week.The consolidation of mid-December until mid-January has resolved into a move higher it appears, and fresh record highs seem to beckon.

\u200b\u200bSellers will need a reversal back below the previous highs of 37,800, and then a close below the low of the trading range of the past month at 37,140.

Dow Jones Daily Chart

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\u200bNasdaq 100 on a high ahead of tech earnings

\u200bRecord highs have been seen in this index over the past three sessions. \u200bHowever, the arrival of earnings this week from Netflix and Tesla, plus the rest of the ‘Magnificent 7’ next week, means that upward progress could slow. A reversal below 16,500 would be needed to suggest that a move towards the 50-day simple moving average (SMA) is in the offing.

Nasdaq 100 Daily Chart

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\u200bRussell 2000 rebounds

\u200bUS small caps have enjoyed a solid recovery over the past week, having endured a sharp pullback from their December highs.\u200bContinued gains above the psychological 2000 level put the index on course to target the highs of December once more, with the next level to watch is the March 2022 high at 2140.

\u200bThe buyers have reasserted control with the bounce from last week’s lows, so a close below 1900 would be needed to indicate a further leg down is underway.

Russell 2000 Daily Chart

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