[Video] Nasdaq 100 Eyes New Highs, Apple Breaks $150

Tech stocks may be lagging behind the broader S&P 500, yet the Nasdaq 100 shows the potential to close the gap and break to a new record high.


In today’s video we analyse the Nasdaq 100 daily chart, reassess our analysis on Apple (AAPL) following its break above a key resistance level then finish upon platinum futures.

Elsewhere, Edwards Lifesciences (EW) rose to a 4-day high in line with our bullish bias. Target (TGT) has pullback back within its established bullish channel, printed a bullish engulfing candle and found support at the monthly pivot point. We suspect a corrective low could be in place but be warned that earnings are released tomorrow (and US retail sales are released today) so the stock is vulnerable to volatility over the next 48 hours.

S&P 500: Market Internals

S&P 500: 4479.71 (0.26%), 16 August 2021

  • Healthcare (1.12%) was the strongest sector and Energy (-1.83%) was the weakest
  • 7 out of the 11 S&P 500 sectors closed higher
  • 5 out of the 11 sectors outperformed the S&P 500
  • 4 out of the 11 sectors traded lower on the S&P 500
  • 272 (53.86%) stocks advanced and 232 (45.94%) declined
  • 84.16% of stocks closed above their 200-day average
  • 67.33% of stocks closed above their 50-day average
  • 70.1% of stocks closed above their 20-day average


  • + 7.5%   -  eBay Inc  (EBAY.OQ) 
  • + 3.8%   -  Advanced Micro Devices Inc  (AMD.OQ) 
  • + 2.8%   -  Regeneron Pharmaceuticals Inc  (REGN.OQ) 


  • -5.5%   -  APA Corp (US)  (APA.OQ) 
  • -4.7%   -  Diamondback Energy Inc  (FANG.OQ) 
  • -4.6%   -  HP Inc  (HPQ.N) 

How to trade with FOREX.com

Follow these easy steps to start trading with FOREX.com today:

  1. Open a Forex.com account, or log-in if you’re already a customer.
  2. Search for the pair you want to trade in our award-winning platform.
  3. Choose your position and size, and your stop and limit levels.
  4. Place the trade.

More from Indices

Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

Open an Account