Nasdaq 100 Long-Term Trend


The Nasdaq 100 performed well following the pandemic induced waterfall.

The companies that make up this majority tech index were simply well situated for a historic pandemic.

Add a massive infusion of U.S. dollars to prop up a depressed economy and you’ve got yourself a rally.

So where does this high-flying index stand now?

Today’s chart illustrates how the Nasdaq 100 is currently pulling away from resistance of its long-term trend channel.

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.