The NASDAQ has been one of the most important indicators of the present bull market since the market crash in 2008. The NASDAQ was the first index to signal the end of the bear market early in 2009 and has led stocks through the recovery and into the present bull market.
NASDAQ Index Chart To April 1 2016
Since mid-2015 though there have been changes. You can see in the NASDAQ Index Chart that on July 20 the NASDAQ reached a high of 5231.94 which has been the highest level for the index. This broke the previous high set in March 2000 during the dot-com bubble days. Since July the index has been unable to recover and the index set up a pattern of lower highs until finally dropping below the 200 day moving average late last year.
In the NASDAQ Index Chart you can see that the drop in February 2016 was well below the August 2015 sell-off low which was just below 4300.
While the climb back from the February low of around 4200 has followed the S&P recovery, it has not been leading the markets but instead it has been following.
NASDAQ Index Chart to April 1 2016
NASDAQ Index Chart Momentum
Another interesting aspect of the above chart is the momentum indicator. Since the February recovery started the NASDAQ has experienced the best upside momentum is over a year. That momentum has dropped off considerably as the index climbed higher.
The rest of this Stock Market Outlook of the NASDAQ Index for the first week of April 2016 is for FullyInformed Members.
Stock Market Outlook – NASDAQ Index Chart For The First Week Of April 2016
Members can log in directly through this link to read the NASDAQ Chart Index for the first week of April 2016, or they can sign in to the full members site here. Non-members can join here or read about the benefits of a membership.
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