Nasdaq 100 Index (NDX) update

Nasdaq 100 Index (NDX) high volatility on the Uptrend

This is trend following. This is not a forecast and is not a prediction. 

The Nasdaq 100 Index (NDX), on the weeklies, broke out and is in a volatile Uptrend. The index is trading 6.6% in excess of a 15% annualized rate of growth (CAGR), over a 39 week (3/4 of a year) relative strength moving average.

Stock chart below - 

Nasdaq 100 Index (NDX)

The Nasdaq 100 Index relative to the Long Term US Treasury ETF (TLT), over the 39 week relative strength 

moving average, is trading 15% above. It is plain to see that money flow is pouring into private sector stocks, compared to public debt. The relative strength cross over occurred during the week of February 1st 2023.

Stock chart below, comments welcome:

NDX relative to TLT

Anheuser-Busch (BUD) versus the beer industry and the stock market

 Anheuser-Busch (BUD) compared to the beer industry and the stock market

There are five major "Brewery" stocks listed on the US stock market. The 5 companies, according to The Global Industry Classification System (GICS), are listed alphabetically as follows:

Symbol	Company Name
ABEV	AMBEV S.A
BUD	Anheuser-Busch In Bev SA/NV
SAM	Boston Beer Company Inc.
CCU	Compañía de las Cervecerías Unidas SA
TAP	Molson Coors Beverage Co

In this post, we rank the stocks compared to Anheuser-Busch In Bev aka "Bud". Additionally, we add The S&P 500 Index ETF (SPY) and The Nasdaq 100 Index ETF (QQQ) for relative strength comparison.

The relative strength comparison metric is a 200 day moving average, where the stock price is indicated as a percentage above or below, sorted by strength. This is not a prediction and is not a forecast. The is pure trend following (see The Trend Following definition tab above), this is not fundamental analysis. 

The ranking:

Symbol	Company Name	200 day % above/below
CCU	Compania Cervecerias Uni	17.1
TAP	Molson Coors Brewing Co	10.1
BUD	Anheuser-Busch InBev	0
QQQ	Nasdaq 100 Index ETF	-1.1
SPY	SPDRs S&P 500 ETF	-6.3
ABEV	Ambev S.A.	-8.5
SAM	Boston Beer Co	-20.7

S&P 500 Index $SPX update

 S&P 500 Index update

The S&P 500 Index (SPX), closing today at $4,146.22, in rally mode, moved up and closed over a price reversal of $4,144. This risk is to the Up side. This is pure trend following. Stock chart below, comment welcome. 

S&P 500 Index (SPX)

Nasdaq 100 Index price reversals

 Nasdaq 100 Index price reversals

As the Quarter closed, The Nasdaq 100 Index (NDX) has rallied approx. 36% on an annualized basis, from the closing low of November 4th, 2022. Will Rogers famously said, “Invest in inflation”.

Today intraday, the (NDX) is trading at $13,116.  The immediate price reversal level to watch is $12,978. Trading above that level will help indicate the directional trend going forward. This is trend following, not forecasting or predicting. Stock chart below, comments welcome:

Nasdaq 100 Index (NDX)

The Semiconductor Index $SOX (SOX) price level

The Semiconductor Index $SOX (SOX) price level

The SOX Index #SOX has rallied approx 27% off the Dec low. As of the close today at $3,115, it is right up against a reversal overhead at $3,134. We'll see how it reacts if it gets back up there. Stock chart below, comments welcome:

Semiconductor Index $SOX

Gold ETF (GLD) overhead reversal

 Gold ETF (GLD) overhead reversal

The Gold ETF $GLD (GLD) rallying up to a reversal area at $ 178.10. We'll see how it reacts once it gets up there.

Stock chart below, comments welcome:

Gold ETF (GLD)

Dow Jones Industrials Index (DJI) headed back up

 Dow Jones Industrials Index (DJI) next reversal area

The Dow Jones 30 Index $DJI (DJI) sell off stopped, reversed and is headed back up. The stock index has been oscillating in a range for many weeks. The next significant, long term, reversal area is at $33,357. A close over that, will provide a clue as to the strength and direction of the rally. Stock chart below, comments welcome:

Dow Jones 30 Index (DJI)