Trend: The Nasdaq 100 ($NDX) 10-day simple moving average crossed below the 30-day simple moving average on 2-1-2007.
The last time the 10-day moving average touched the 30-day moving average was 1-11-2007 (see chart below). The daily line and the 10-day moving average have been stuck in a range since mid-November 2006. The 30-day moving average has been level since mid-December. Obviously, there's a tug of war going on with no clear direction at this point.
The Nasdaq 100 one-year chart below includes the 10, 30, 60, and 90-day simple moving averages.
The Nasdaq 100 Index includes 100 of the largest non-financial domestic companies listed on the Nasdaq National Market tier of the Nasdaq stock market. Each security in the index is represented according to the proportion of its market capitalization in relation to the total market value of the index. This index reflects Nasdaq's largest growth companies across major industry groups. All index components have a minimum market capitalization of $500 million, and an average daily trading volume of at least 100,000 shares (Investopedia).
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