​​​​​​Dow Muted in Early Trading, while Nasdaq 100 Returns to Recent Highs and Nikkei 225 Makes Progress

Dow Jones 30, Nasdaq 100, Nikkei 225 Analysis and Charts​​​Dow stabilises but struggles to move higher​After dropping back on Friday the index managed to recover on Monday, holding above the lows of Friday’s session. ​This allows the price to begin a move back towards the previous highs at 40,000, so long as the 50-day simple moving average (SMA) continues to underpin the price.​Short-term weakness targets the late May lows around 38,000.Dow Jones 30 Daily Chart

of clients are net long.

of clients are net short.

Change in

Longs

Shorts

OI

Daily
3%
1%
2%

Weekly
-14%
8%
-3%

​​Nasdaq 100 is back at a record high​Apple’s conference weighed on the Apple stock price, but gains for Microsoft and Nvidia helped the index to move higher on Monday, moving back towards the highs seen on Friday.​A move to new record highs looks to be in play once again, building on the rally from late May.​A close back below 18,950 might then point to some additional short-term weakness.Nasdaq 100 Daily Chart

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​​Nikkei 225 testing May highs​The index enjoyed solid gains on Monday, recouping the losses of the second half of last week.​In the short-term, a close above 39,477, the 20 May high, would mark a fresh bullish development, and potentially spark a move back towards the March record highs.​A reversal back below the 50-day SMA would be needed to negate this bullish outlook.Nikkei 225 Daily Chart
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