Nasdaq 100 Long-Term Trend

The Nasdaq 100 has been in a major bull market since the end of the financial crisis.

In fact, the Nasdaq 100 traded within the confines of a relatively narrow, upward sloping trend channel for over 12 years.

Shortly before and definitely after the Fed pulled the punch bowl — things changed.

More recently, the Nasdaq 100 has broken below support.

However, this week’s high but better than expected inflation report sent the index higher to where it is now testing what was once long-term support.

Nasdaq 100 Long-Term Trend

What is the Nasdaq 100?

The Nasdaq 100 is a basket of the 100 largest market cap, non-financial stocks listed on the Nasdaq stock exchange.

When was the Nasdaq 100 initiated?

The Nasdaq 100 was initiated on January 31, 1985 at a base value of 125.

How is the Nasdaq 100 calculated?

The Nasdaq 100 is a modified market-capitalization weighted index.

What are the main sectors included in Nasdaq 100?

Over three quarters of Nasdaq 100 weighting comes from two sectors — technology and consumer services. The remainder of the index is made up of health care, consumer goods, industrial, and telecommunication companies.