Nasdaq 100 Index – regaining long term Upward trend

The Nasdaq 100 Index (NDX), today, has regained it’s long term Upward trend status. The Index has crossed the trend filter from below to above the 20% annualized rate of growth (CAGR) over a 200 day moving average. This trendinvesting method is for long term trading or investing. A trendinvestor, to smooth out ‘noise’, now will likely will use a channel breakout, or a Weekly close over last weeks’ High, to trigger an actual “Buy”. The stockchart below shows the indication. The S&P 500 Index (SPX) has not yet crossed above the trend filter.

Nasdaq 100 Index (NDX)
S&P 500 Index (SPX)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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