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